The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1915-03-03

/ f..
Geo. W. Mershon.
Vim. Steitz
B. +. Wilson.
H. d. Bassett
NJ. G. willard.
j. r. Wilson.
H. May Pate.
w. r. Grower
D. O. Rogers.
Samuel r. Smith.
The Proposed Charter Of Lakeland Savings
Loan Company"
The undersigned do hereby associate Them
selves together for the purpose Of becoming a
body corporate under the laws governing
Building and Loan Associations OF the State
Of Florida by and with the following pro-
posed charter,
Article l. The name Of this corporation
shall be lakeland Savings-Loan Company"
and its principal place Of business shall be In
Lakeland, Polk county. Florida. but the said
company may establish branch offices wher-
ever deemed advisable by the Board OF d.
rectOrs
Article 2. The general nature Of the bust
ness Of this corporation shall be to exercise
all OF the powers given to Building and Loan
Associations under the laws Of this State; to
| raise and accumulate money to be loaned to
its members on easy terms for the purpose or
enabling them to buy enlarge. and build
homes fund debts. improve lands. and to use
the funds OF the company ror any lawful pur-
pose under such regulations as may be pre-
scribed in the bylaws; to provide for Its
members a safe convenient and profitable In
'. , III 'no" ,,e., "". 80 har.asta.
o,ner ,s 40 an, may p,,,' JW ana " an .sso
citation laws Of this State
Article 3. The capital stock Of this com
n an sha, ,a 9e MY a" hnar aIIs
uooVo,, uauea mo i've "u h,anerod All, VI
me par value OF one hundred dollais !,
sloo earh, which sad STOCK may ne pain
,or III ,,s'', nd,.o VI % ,h" ", annoint
terms ana cohuluohs as tlc oy. appV,na
or In any manner as may pe no" OF herea nv
provided by the laws OF 'his S.a.e, Inv
said stock shall be paid tor In lawful money
OF the United States, or In properly or serv-
ices at a J,'st valuation TO be nxed py the
Board OF Directors.
Article 4. This corporation shall exist pei.
petually.
Article 8 Any person subscribing for or in
any lawful manner becoming The lawful
holder of one or more shares NJ The canjtai
stoct nj This comnany shail hocoma n -,
her thereof and az sycb sb,, mo- enti,,aa '' 20
ali tho benes,s and mr;v,,smss ,"a s,,,'iant -, ~
an nv u "a.,,,s anu pfNneies anu supject 10
as nrsscrfbsa hv ,h a"u cb nr, and
% n p'escrloeu w Wy enar'er anu py-iaws OF
IN mus comp, COMPANY ana by ,he laws 81 ,he state
Vi riorlua governing builaihg ana Loan AS
S"'' S,nnS sna hTerS saotxoder holding paid
up s'ock shai ne entitied at any annual,
re regular or c s mee!ng OF tne stockholders
10 one vote Iof each snare OF stock owned by
% i s, a"I h eas ot e hao oil ,hs company;
MS s,och mas NOT peeh paid Ior Ill iuii. snail
or e1ed 40 one vote IN any annuai regular
VI ea'ie. .ieeuhe vi tie stockhoi9ers Tor each
,hat ~, y, a; @ lor NM PROVIDED
MA. 'ne S.'u persol mas oeea member OF the
no. IN des S peraoa .. h,ne,S Gays ana IS
nv u. uoIau' VI arrears anu provueo iur-
thsn ts5, S notss oe =, eh' s 70 more
man .~e"ty-hVr l-'l VOTES III MS own right
,,on shs,, ho and BUSINESS o. s CORPORA
a e'o. ',"n , w co"uuc,eu ny he ioiiowing o.
aess esrs so~ ana president wee president
. see,e'"IS. anu ueasuseI; gu atoolhey OF at
sh s. ho I1" , ss'esn directors. NO
poisoh a'ai hou wv o"ces III this corpora
m" a p,",'"e d... however at any s.ccxnoider
may oe urector anu holu any Other one
u renters a. s, sne same me, Inc Doafa Of d.
.,,o.u san Oe e,ecIeu py ne stockhoiders az
rr aa' IN e ,h nela ns once Of the
'poiauon III me city OF Lskeiano. FLORIDA,
e orr s .'ra MoaHay N June o. essh and ev-
. u,s ss,; anu we omceIs .. sara corpora
anm,s s" oa ~ eeeasd oy ne aec1ors az their
annual meeunH 70 DC neiu immediately after
~ 1e n annual sSckn9,ders meeting the Board
va..n.tes .,, oma' Law ' 'a1 power 10 MI any
.rv ","n,,, a''U ''!.,, A'e,I "umuer py VApor.
a.s .ieou"" u"..i the succeeding annual
,,' Jo'"s vi sne slounnoiders. NO person snail
~, ,'o'u any ONCE "a ms corporation unless he
De a menlper, All OF the above oficers shall
i' ."elr places until thelr successors are
eiec'eu ana duly qualined. The names OF the
omcers 10 serve until the hrst annual meet
Ing are as follows: NJ. f. HetheringtOh,