The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-06-10

by associate themselves together as a bod
corporate under and In virtue Of the laws o
the State Of Florida governing general cor
porations, and do adopt the following ar
ticles Of Incorporation:
ARTICLE
The name Of the corporation is PENINSU
LAR INVESTMENT CORPORATION. and ID
principal place Of business shall be In the
City Of Lakeland. Florida, and it shall have
Offices In in such other places as the busi-
ness Of the corporation shall require. to b
determined by act of the board Of directors
and thereafter appropriately made Of record
ARTICLE
The general nature OF the business or bust
nesses Of the corporation shall be. and II
shall have the powers following. to-wit:
To deal In, import export, purchase, manu-
facture, acquire, sell, mine, quarry, concen-
trate. smelt. reduce. dlstill, treat extract. re-
fine, prepare or produce In any manner what
soever, by any process whatever, any sub
stance whatever. simple. complex, compound.
whether mineral, animal. vegetable, metallic,
wooden, chemical, or in any physical condi-
tion, solid, liquid or gaseous;
! To acquire, own, plant and operate, nurs-
cries for the propagation and sale Of trees,
plants and shrubs; to acquire. own, maintain
ana operate. groves. orchards, farms and gar
tens for the growing and sale Of agricultural,
horticultural and floral products; TO manufac-
ture, buy and sell. lumber, lathes, shingles,
barrels, boxes and crates, and barrel, box,
crate and building material, fertilizer and
fertilizer materials; to manufacture and trade
in juices and extracts and other food prod
ucts from fruits and vegetables; to manu-
facture, buy, sell, erect and construct ma
chimes and machinery; to acquire, construct
maintain and operate. electric light and power
plants, gas plants, water-works, Ice plants,
sold storage plants and refrigerator plants, for
public and private use; to acquire construct,
maintain and operate, irrigating plants, heat
ding plants, rice mills, oil mills, sugar mills,
fiber factories, fruit and vegetable canneries
and factories. and deal In the products there
Of to dig, mine, quarry, dredge and remove.
phosphate rock, soft phosphate or pebble phos-
phate, earths, clays. marls, rock, gravel, min
eral, oils. and other clay, fertilizer, paint, oil,
or mineral bearing substances, and to trade
therein, and to manufacture and trade in
products therefrom; and to trade in general
merchandise.
To establish, by purchase, lease, charter or
any other manner OF transaction, and to MAIN
tain and operate. tramway or tramways,
railway or railways, vessels or other means
Of navigation, and any other manner Of
transportation necessary or convenient for tbs
effectuation Of the purposes Of this corpora
ton, but not for public use
To establish, maintain and operate, in any
state or country, a plant plants for the
transformation Of insoluble phosphate into
soluble phosphate. and the union Of phos-
phate with any other element or elements, or
may properly be had under the laws Of such
state or country.
To acquire by purchase, concession, ex-
change, lease or otherwise and TO construct,
erect. operate, hold, maintain and manage, all
offices. warehouses, elevators, factories, stores.
shops, mills, machine shops, power plants, le-
pots, wharves. boats, vessels, rolling stock.
hotels, lodging houses houses Of amusement,
commissarles. and any other structures and
erections necessary or convenient for the car
rying on Of Its business. and ell other prop
erty. real or personal, necessary CT useful for
the carrying on Of any Of the purposes Of the
corporation, and to lease. sell or otherwise
dispose Of the same.
To acquire or undertake the whole or any
part Of the business, property, liabilities or
assets Of any individual, partnership or cor
porstion carrying on any business which the
company is authorized to carry on, and to
issue paid up shares or bonds or both for the
payment Of the purchase price thereof; and
to subscribe TO, buy and In any manner ae-
Quire, or hold and own, TO trade, transfer,
sell and In any manner dispose Of, stock In
other corporations. bonds, mortgages, or other
manner Of securities.
To receive and hold franchises for any pur-
pose.
To invest, pledge, cucumber or mortgage.
real or personal property held in any man
per; TO cover assets or any operation Of the
corporation by mortgage. and issue bonds
against the same Of character and denomi-
nation to be determined by the board Of di-
rectors.
To sell, improve. manage, develop, exchange
lease, dispose Of, turn to account, or other
wise deal with all or any part Of the property
and rights Of the corporation.
To sell, improve, manage, develop, ex-
change, lease, dispose Of, turn to account or
otherwise deal with real and personal prop
erty for others as agent
To invest or hold as trustee. or otherwise,
money.
To do all or any Of the above things as
principal. agent. contractor or otherwise and
either alone or in conjunction with others.
Notwithstanding the foregoing and without |
limiting or effecting the scope thereof, to do |
all matters and things and carry on all BUSH |
ness which may In any way flow from the |
objects for which incorporation is sought, or ]
which may be necessary, convenient or az |
vantageous to do or perform with a view to |
carrying on or enlarging the scope and in |
tentions of the company.
ARTICLE III
The authorized capital Of this corporation |
shall be two million dollars, divided into |
twenty thousand shares Of the par value OF ,
one hundred dollars each;
The capital stock shall be paid in cash, /
property. labor or services, or by either or
any. at Just valuation to be fixed by the in |
corporators or by the board Of directors at a /
meeting called for such purposes. Property,
labor or services may be also pai6 for with /
capital stock at . Just valuation Of such
property, labor or services, to be fixed BY the
hAaF ~ ~
such purposes.
The capital stock OF this corporation NAV
al any time hereafter be increased or de-
creased as provided by the laws Of the State
Df Florida.
ARTICLE Nv
The period Of corporate existence shah be
perpetual and unlimited.
ARTICLE
The business o; the corporation is to be
by a beard Of not less than Eve or !
mere than nine directors. q president, a nrst
Fice president. q second vice-presidsnt, a
treasurer. secretary, general manager and
'uch further officers as may be determined BY
he board Of directors.
The following persons shall constitute the
Board Of Directors. to-wit: W. Schmidtmann,
:. V. Hysan, J. L. Sauls, E. Norval Fortson
ind Z. W. Thomson; and the officers shah |
10:
w. schmldtmann. president and general
manager.
L. v. Hysan, first vics-prssidsnl
]. L. Ssule. second vice-president
T. Norval Fortson, treasurer.
T. W. Thomson, secretary
Who shall hold office until their successors
lualify.
Directors shall be elected at the regular an
iua meeting Of the stockholders. which said
nnual meeting shall be held on the third
tuesday in February Of each and every year.
ARTICLE VI
The highest amount Of Indebtedness or la
ility which this corporation can at any time
ubiect itself to, shall be five million dol
ara