The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1915-05-13
JOHN MALC0LMS0N CSeaD
H, b. SMITH tSeaD
W H. HARRISON tSean
p,o,,ssd Charter of Italian American Develop
ment Company

Pfoposed Charter of Italian American Develop
ment Company
The undersigned do hereby associate them
selves together for the purpose OF Decolll.s
a body corporate under the laws OF the slale
of Florida under the name OF Italian Amer
lean Development Company, by ana WIN tiie
following proposed charter.
Article |. The name OF th,s corp S S'r""
shall be Italian American Development Com
pany and its principal place OF business sli.,
lie in Polk county, Florida, with It's prihcpai
Office in the city Of Lakeland, florlua. but II
may establish other offices at any POM .',ss
the Board Of Directors OF the sdiu eo"ipa''
Art, 3. The general nature of .he business
to be transacted by the said corporation shdi'
be 10 secure, take purchase, own, pus, noiu
sell lease mortgage, or otherwise acquire OF
djspose OF lands and buildings in fOlk couh-
| ". Florida or at any other point III me
United States to own and operate any anu
ALI kinds of mercantile establishments, DOM
wholesale and retail; to own and operate any
and all kinds Of manufacturing establish
ments and plants TO own ana operate elec
tric light plants. water plants. ana gas plahts
"a hold and acquire franchises OF any ana all
! finds to own and operate street railways; to
! deal in any and all kinds OF personal prop,
, erty: TO own and operate lumber yarus anu
! sawmiil plants; TO own and operate Can
ming factories and any and all kinds OF
other factories to manufacture any ana All
kinds Of raw products into the finished ma
, terial; to own and operate farms, groves, OF
| all kinds Of citrus fruit and other trut' 10
| own and operate boarding houses; 10 carry
! on and conduct a general real estate and
| collection business. and TO do any ana all
things necessary or proper Tor such business
| TO carry on a general insurance business; 10
carry on general commission business, 10
acquire and develop tracts Of land in this or
other States and dispose OF same Tor cash or
| on time, and to do any and all other thlhss
as may be proper and necessary Tor cor
porate body under the laws Of this State to
carry out the general purpose OF its business
to own. hold, buy. and mortgage stocks IN
other corporations, bonds, mortgages, notes
chooses in action. and real and personal prop
erty OF all kinds whatsoever,
Art. 3. The amount Of capital stock 0,
| said corporation shall be Thirty Thousand
Dollars 1880 100000, which shall be divided
| into three hundred 5000 shares OF the par
| value Of One Hundred Dollars tsl0ooo) per
share. and the said stock shall be paid for
| in lawful money OF the United States or In
| property or services at just valuation to
be fixed by the Board OF Directors
Art. 4. This corporation shall exist per-
| petually.
| Art. 5. The business OF this corporation
F, to wit: President, a Vice President, Secre-
| tOwit: a President. Vice President, Secre-
| tary. and a Treasurer, and Board OF not
less than three nor more than seven Directors
The Office OF the Secretary and Treasurer
may be filled by the same person. The Board
OF Directors shall be elected by the stock
holders at their annual meeting to be held
every year, and the Officers Of said corporation
shall be elected by the Directors at their an
nual meeting to be held Immediately after
the annual stockholders meeting. All other
officers and agents shall be chosen by the
Board of Directors. The name Of the officers
and directors who are to conduct the bust
ness Of the said corporation until those elect
ed at the first annual election herein provid
ed for shall be qualified are as follows:
John Malcolmson, President W. Fl, Harri
son, yice-President; II. B. Smith. Secretary
ard Treasurer. Directors: John Macolmson
n. B. Smith, and W H: Harrison
Art The highest amount Of Indebtedness
or liability to which this corporation can a
any time subject itself shall be Three Hundred
Thousand Dollars ($30O, 100000
Art. Z: The names and places Of residence
NJ the subscribers to these Articles Of Inc0r
| pOration and the amount OF stock subscribed
| for by each are as follows:
| Name Address No, OF Share:
| John MalcOmsOn. Lakeland. Florida, 30 shares
II. r. Smith. Lakeland, Florida. 80 shares
/ W. IT, Harrison. Lakeland, Florida. l share
In witness whereof the said incorporation