The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-09-26
ARTICLES Of INCORPORATION

ARTICLES OF INCORPORATION
| The following articles OF incorporation anu
association of the Profit Sharing Laundry
are hereby entered into on the 23rd day OF DC
, tober A. d. 1916, by and between T. b;
Worrell, Henry Taylor, b. H. fancoasl anu
their associates, who hereby associate theih-
selves together as body p0iilic anu p HU.po
rate under the Laws of the State OF Fiorlos'
with the right and capacity Of perpetual sue
ceSsion.
The name of this corporation shall be Prof
1t Sharing Laundry with its principal ONCE
anG place of business at Lakeland, In FOLK
County State Of Florida, with rights. pow
ers and privileges of establishing branch
offices in such other cities and towns IN the
State Of Florida. the United States OF FOREIGN
countries, as the said corporation may from
time to time determine
ARTICLE II.
The nature Of the business and the obJec'S
and purposes proposed to be transacted, pro-
NOTED and carried on, are TO 90 any anu
all of the things herein mentioned as fully
and to the same extent as natural persons
might or could do and in any part OF Inc
world, viz
To purchase, lease hire or otherwise &C,
quire real and personal property, improved
and unmproved, of any kind and tescriplioh,
and to sell, dispose OF, lease, convey anu
mortgage said property, or any part theIe-
Of; to acquire, hold, lease, manage, operate
develop, control, build, to own and operate
Steam Laundry for the benefit OF SAID com
pany, construct, reconstruct or purchase
either directly or through ownership OF STOCK
in any corporation, any land. buildings, OF
fees stores, warehouses, plants, machinery,
franchises and licenses, and all other things
which may at any time be necessary or con-
yenent in the judgment of the Board of D-
rectors for the purpose OF the Company. 10
SELL lease, hire otherwise dispose OF the
lands, buildings or other property OF the
Company, or any part thereof
in fbn Df
dry for the purpose Of washing, Ironing, clean
ing, pressing, dyeing of all kinds OF linens,
woods or other fabrics or such other clean
ing, dyeing, pressing as may be necessary OF
convenient for the business OF this corpora
ton.
To take, own, hold, deal in mortgage or
otherwise loan anL TO lease, sell, exchange,
transfer or in any manner whatsoever, dis
pose of real property, within or without the
State of Florida, wherever situated.
To manufacture, purchase or acquire Ill
any lawful manner, and to hold, own, mort
gage pledge, sell, transfer, or in any manner
dispose Of and to deal and trade in goods,
wares merchandise, and property of any kind
ana every class and description and III any
part Of the world
To enter into, make and perform contracts
of every kind, with any person, hrm, assocla-
ton corporation, municipality body polltic
make accept, endorse, discount, execute and
issue promissory notes, traits, bills OF eX-
change, warrants, bonds, debentureS ana
other negotiable or transferable Instruments
and evidence of Indebtedness. whether secured
by mortgage or otherwise, far as may be
permitted by the law of the State of Florida
To have offices, conduct its business and
promote its object within and without the
State of Florida, in other States and terri
cries. or in foreign countries, without restric-
tons as to place or amount.
To purchase, hold cancel and reissue the
shares of its capital stock to do any and
all things set forth to the same extent as
natural persons might or could do, in any
part of the worl0,, in general to carry on any
other business in connection Herewith,
whether manufacturing or otherwise, not con-
trary to the laws of the State OF Florida,
and with all the powers conferred upon the
corporation by the laws OF the State OF Flor
ida.
ARTICLES III.
The amount of the total authorized capital
stock OF this Corporation Is Twenty five
Thousand t$25,O0O) Dollars, divided in $500
shares of Ten $4,000 Dollars each, called
Common Stock.
All subscriptions to which shall be paid
for in lawful money of the United States of
America or in property, labor or service or
promisory notes at just valuation thereof, to
F., be fixed by the Board Of Directors, at a
meeting called for such purpose.
ARTICLE w.
The time of the commencement Of this cor
pOrauOn snail De the Qate OF the issuance or
the letters patent therto, and it shall con-
tinue in operation for the period Of ninety
nine (99) years thereafter.
ARTICLE v.
The highest amount OF Indebtedness or liza
blity into which the Corporation shall at any
time subject itself shall be the sum of Fifty
Thousand ($50000 Dollars
ARTICLE VI.
The private property Of the stock holders
shall not be subject to the payment of cor
porate debts to any extent whatever.
ARTICLE WI.
The business of the Corporation shall be
conducted by President, a Vice. President,
a Secretary, a Treasurer and Board of Di-
rectors. % be composed Of not less than
three t3) nor more than thirteen Q3), the
number to be determined upon by the stock
holders. but to be three (3) in number until
otherwise provided
The President and Vice President shall be
a member Of the Board Of Directors which
Board Of Directors shall be elected by the
stock holders Of the Corporation, at their an
nual meeting, held at tn principal offc of
the said Corporation in Lakeland, Florida,
and the Corporation shall have the power thru