The Lakeland evening telegram., 1916-07-21


ed with. or required Of railroad companies,
interurban and suburban lines, street railways,
or companies serving a purpose similar to and
like the purpose Of this corporation The oper-
atoms Of this railorad are primarily intended
TO be intFastate, but ii shall have the pow
er also to do all such Interstate business as
" be properly received by or ten6ered TO 1t.
To invest, pledge, cucumber or mortgage.
real or personal property held In any man
ner; 10 cover assets or any operation OF the
corporation by a mortgage or deed Of trust
and issue bonds against the same; and 70
5Frow such sums Of money at such rate OF
interest and upon such terms as this eorpor-
rights, privileges, franchise, immunities, ma
chimes, houses, rolling stock, furniture. tools.
implements, appendages and appurtenances
used In connection with its railroad, In any
manner whatsoever then belonging 10 this cor
poratlon, or which shall hereafter belong 70
1t, as security for any bonds, debts or sums
Of money as may be secured By such trust
Iced or mortgage, as IL shall think proper I;
thereof constructed or In course Of construc-
tion by II, by virtue Of any trust deed or OF any
foreclosure OF any mortgage thereon, the party
or parties acquiring title under such and their
associates, successors and assigns, shall have
acquire thereby, and shall exercise. and
snjoy thereafter the same rights. privileges
grants, franchise, immunites and advantages
in or by said trust deed or mortgage enumer.
ated and conveyed, which belonged to and
were enjoyed by this corporation, so far as
the same relates or apDertains TO that portion
Of the railroad or the line thereof mentioned
on deed OF trust, and no further, as fully and
absolutely in all respects as this corporation
might or could have done. had not such sale
or purchase taken place.
Article w.
The authorized capital Of this corporation
shall be seven hundred thousand dollars, d.
vided into seven thousand shares OF the pai
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 nxed by the incor
porators, or by the directors at q meeting
called for such purposes. Property, labor oI
services, may be also paid for with capita
STOCK at q Just valuation Of such property
labor or services, to be fixed by the directors
Of the corporation at a meeting called for sucf
irposeaL
The capital stock Of this corporation may a
any time hereafter be increased or decreased
as provided By the laws Of the State Of Flori'
da.
Article v.
The period Of corporate existence shall b.
unlimited and perpetual.
ArtIeIs VI.
The business Of the corporation Is to b,
conducted by q Board Of not less than nv'
or more than nine dlrsctors: q president, {
.vicespresident or vice presidents. . genera
manager. q secretary. and treasurer; an,
two OF which OFFICES may be held By one Per
son, save that the president shall not be q vice
president, or the secretary the treasurer, OF
vice-versa; and such other officers a. th,
business Of the corporation shall require.
The following persons shall constitute ths
Board of Directors, TO wit: J. L. Wilson. y
w. DeMart. @. A. Wilson, i. B. Nelson and
A. x. Erickson; and the officsrs shall be-:
J. L. Wilson, President
IL B. Nelson. vice-president and Genera
Manager.
G. A. Wilson, Treasurer.
A. x. Erickson, Secretary.
pending or until the regular annual election d
directors and officers by the stcckhelders