The Punta Gorda herald. [volume] (Punta Gorda, Fla.) 1893-1958, 1915-04-15

the purpose Of carrying on the said bust
ness of conducting pineries. pineapple
orchards, etc, and to have, hold, acquire
and enjoy all other property. powers and
things as shall be incident, necessary mr.
expedient for the conducting the neces-
sary operating of a business OF like kind
and to have all the powers granted or
which may be hereinafter granted to cor
norations for profit under the laws of the
State of Florida.
ARTICLE 3.
The amount of the capital stock of
said company shall be TWENTY FIVE
THOUSAND (s25OOOO0) DOLLARS. d.
vided into Twenty Five (250O) Hundred
shares of the par value of TEN ($1OOOl
DOLLARS per share, and shall be paid
in as follows: SEVEN THOUSAND
$4,000. OO) DOLLARS to be paid in land
and pinery now owned by T. c. Gross
land, ONE THOUSAND ($1OOO0 O) DOL
LARS to be paid in cash, and the balance
to remain in the treasury to be disposed
Of in such manner as the directors NAV
designate.
ARTICLE 4.
The term for which this corporation ie
to exist is ninety mine years.
ARTICLE S.
The business of this corporation shall
be conducted by a president, Secretary
and Treasurer and Board of Directors
and such other officers as may from time
to time be elected or appointed, and the
offices of Secretary and Treasurer shall
be held by the same person.
The Board of Directors shall be elected
by the stockholders at a meeting to be
held on the first Monday of February
1916. and annually thereafter, or they
may be elected at any adjourned annua;
meeting. The number of directors shall
be not less than three nor more than
fifteen, to be determined by the stock
holders
The Board of Directors shall elect the
officers of the company, and the Presi-
dent shall be elected from among the
Board of Directors, and until the first
election and until their successors
shall be elected and qualified the follow
ing officers and Directors shall conduct
the business of the company:
T. C. CROSLAND, President; w. R.
Secretary and Treasurer, and
D. L. SKIPPER, c. G. BROWN and T.
c. CROSLAND constitute the first Board
of Directors.
ARTICLE G..
The highest indebtedness or liability to
which this corporation can at any time
subject itself is TEN THOUSAND go
100000 DOLLARS.
ARTICLE 7.
The names and residences of the in
corporators of said corporation, and the
for stock thereof with the
number of shares subscribed by each
are as follows:
T. c. Crosland, Punta Gorda, Florida,
700 shares.
w. r. Eubank, Punta Gorda, Florida,
100 shares.
D. L. Skipper, zolfo, Florida, so shares.
c. c. Brown, Punta Gorda, Fla, 100
shares.
B. A. Wachob, Punta Gorda, Florida,
100 shares.
STATE OF FLORIDA,
COUNTY OF DeSOTO.
Before me the undersigned authority
personally came T. c. Crosand, w. r.
Eubank, b. A. Wachob, d. L. Skipper.
and c. G.. Brown, to me well known and
known to me to be the persons who sub
scribed the foregoing charter, and each
one acknowledged before me that he exc
,uted the same for the uses and purposes
herein expressed.
IN WITNESS WHEREOF have here
% set my hand and official seal at Punta
iorda, Florida, this the 18th day of
March, 1915.
.SeaD LAURA w. REED,
Notary Public
Ny commission expires November 6, 1918.