The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1915-03-17


VIM. Steitz.
B. Y. Wilson.
H. d. Bassett
N. g. willard.
]. 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 .
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 ofnces wher-
ever deemed advisable by the Board Of d.
Article 9 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 Of
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
yestment for their savings, and to do such
other business as may now or may hereafter
be authorized by the Building and Loan Asso-
citation laws Of this State.
Article g. The capital stock of this com
pany shall be fifty thousand dollars ESQ.,
OO0.00). divided into five hundred shares. Of
the par value of one hundred dollars
800 each. which said stock may he paid
for In nstallments otherwise. and such
| terms and conditions as the bylaws appoint
or In any manner as may be now or hereafter
provided by the laws of this State The
said stock shall be paid for in lawful money
/ OF the United States. or in property or sert-
ices. at just valuation to be fixed by the
Board Of Directors
| Article I. This corporation shall exist per
petuslly.
Article s. Any person subscribing for or In
any lawful manner becoming the lawful
/ holder OF one more shares Of the capital
| stock Of this company shall become a mem
Der thereof and as such shall be entitled to
| all the benefits and privileges and subject to
| all the liabilities and duties OF membership
as prescribed by the charter and bylaws Of
this company and by the laws Of the State
Of Florida governing Building and Loan AS
| sOciations. Every stakeholder holding paid
up stock shall be entitled at any annual,
| regular or called meeting Of the stockholders
TO one vote for each share Of stock owned by
him and each member Of this company. II
his stock has not been paid for In full. shall
be entitled to one vote In any annuai regular
or called meeting Of the stockholders for each
share Of stock subscribed for by him, provided
that the said person has been a member Of the
company for period Of ninety days and Is
ther that no member ANAL he entitled TO more
than twenty five 1851 votes in his own right
Article 8. The business Of this corpora
Hcers towit: A president. a vice president
a secretary. and treasurer. an attorney or At.
/ torneys ana = hoard ~ thirteen directors M
nerson shsii hold two ofsces in this CORPORA :
ton. provided, however. mat any stockholder
NAV ne a director and hold any other one
rectors shall be elected BY the stockholders a,
their annual meeting held al the once OF the
CORPORATION in the city Of LAKELAND. Florida
on The third Monday in June Of each and ev-
ton shall be elected by the directors At thei,
annual meeting 10 he held Immediately after
the annual stockhciiers' meeting. The Board
Of directors shall have the mower to All any
Vacancies smons tneir numb" % By tsmpor .
nry election until y the succeedinr annual
meeting OF the stockholdsrs' No person shall
hold any oface In This cornoration unless M
be member. All Of the above of,csrs s' shall Al
hold their places until their successors are
a,ac,ed and d"Iv on.I,aed ' IN. n.mss ~ N,
of,cers To serye until the drst annual meet.
in~ are as so Follows: NJ F. Hether,naton
president. r. Wilson vice president: NJ
G''S Willard secretary: s0 " r. CPooyer treas
lurer: Rogers & Spencer attorneys The di
rec, rect shall consist Of n D. sassett' W
In. Grower. W. II. Harrison N. +. Hetherinr
ton George W. Mershon. a. C. Rogan. D. o
Rogers = y smith william Stcjtz n G.
Willard Willard r + WILSON. j p Wilson and !
IL. skinner
Ar,icla The highest omount q, ,ndebt
e5ness or liability 70 which This corporatior
ean a, "a any time subject ' Itself shall be n,
it's cross assets ts''' p'' ''"' '-' p' ''
Article 4. The by-laws Of this corporatio.
shall t determine the method H Of making iosn
10 tho members az this comnany and shal
prescribe the rates Of interest to- be charged
n nnu s'M m sse nd a"es Srder ,hs RnSn'
and Loan Association laws Of this state.
" Article Q. The names and places Of resi-
dence ~ the SUBSCRIBERS 70 these articles O
in ,rr ,' and the smount Of stock suS
scribed for nv each are "A follows.
sc1."eI 'o u. ~ e. ..sa, ~" rso,s%. A.. n.
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