The Punta Gorda herald. [volume] (Punta Gorda, Fla.) 1893-1958, 1916-08-31
PROPOSED CHARTER
THE DesoTo COUNTY BANK

The undersigned incorporators hereby
associate themselves together for the
purpose of becoming Incorporated ana
forming a corporation under ana by Vif~
tue of the laws of the state of FLORIDA,
with and under the following proposed
charter:
The name Of the corporation shall be
the DeSoto County Bank and its place
of business shall be in the city OF onas
in the county of DeSoto, and state OF
Florida.
The general nature. Of the business to
be transacted shall be that OF a Generai
Banking Business, with powers lnciuehL
thereto, as provided by the Statute5'of
the State Of Florida.
The amount of the capital stock OF
said corporation shall be Fifteen Thous-
and Dollars, to be divided into One Hun
dred and Fifty shares Of the par value Of
One Hundred Dollars &10o) each, TO 90
paid in cash.
The term for which said corporation
shall exist shall be rtnety-ni nine years
The business Of the said corporation
shall be conducted by the following ON
| GERS:
A president, one or more vice-presi-
! dents a board of five to nine directors,
q cashier, and such other oiRcers ana
employees as the corporation may au-
| thorize The board Of directors may ap-
point subordinate officers and employees
| with such powers, dsties and terms ot
office as they may prescribe, or as may
| be provided by the bylaws, not neon
sistent with the banking laws
The directors shall be elected by the
| stockholders at each annual meetihb.
| All other officers and employees shal De
elected annually by TIE b 30 ira s 81
ers shall be held on tas hlrd "edhesoay
of January in each year
| Until the officers elected at the lrsL
annual meeting of the stockholders sfah
| be qualified, the business OF said coffof-
| alton shall be conducted by the following
| named officers: -.
W.JWIL.LIAMS. First Vice President;
| ri GROOM. Second Fice-President;
| RH PRIME, Cashier; 80;
And JGDurrance, W.J.Williams. RI.
Groom, E.LCoward and C.PDurrahce'
| Directors. ,,,-
The highest amount Of indebtedness
or other liability to watch the said cor
poration shall at any tlme SUBJECT ltsen
ton 2712. of the General Statutes OF the
state of Florida.
The names and residences of the sub
scFiberS, and the amount OF ctpltal sluch
subscribed by each, are as follows:
Name Residence Number ofShares
Ell, Coward, Ona, Fla. Ten
JIG Durrance, Ona, Fla. Fifty
RI, Groom Ona Fla. Ten
w Williams, Ona, Fla Ten
c. Durrance, Wauchula, Fla. Sixty
R,H. Prime. Bowling Green, Fla Ten
| STATE OF FLORIDA,
County Of DeSoto
Before me, the undersigned Notary
Public in and for the State of Florida at
Large. personally appeared J.GDurrance,
| w j. Williams, RL.Croom, E.LCoward,
| CT Durrance, and R.H Prime, all to me
well known, and known to me to be the
individuals described ia and who execut-
| ed the foregoing proposed Charter of the
DeSoto County Bank. and each being
duly sworn severally acknowledged that
| he executed the same for the uses and
| purposes therein eXi ressed
IN WITNESS WHEREOF. / have
hereunto set my hand and affixed my
| Notarial seal this 2Sta dav of July, AID.
| 1916. r. W ROBERTS.
Justice of the Peace. Dist No. %.
| (SEAID state OF Florida.
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