The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-07-12

ard in case Of sale Of Its railroad or any part
thereof, constructed or In course Of eoHssrue-
ton By It. By virtue Of any trust, deed 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
10y thereafter the same rights. privileges,
grants. franchise, immunities and advantages
fl by said trust deed or mortgage enumer-
sted and conveyed. which belonged TO and
sele enjoyed by this corporation. so far as
the same relates or sppertains to that portion
of the railroad or the line thereof mentioned
or described and conveyed BY said mortgage
% deed Of trust. and no further. a. fully and
absolutely In all respects Is this corporation
might or could have done. had not such sale
or purchase taken place
Article ~.
The authorized capital Of this corporation
shall be seyen hundred thousand dollars, d.
vided into seven 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 insor-
porstars, or by the directors at . meeting
called for such purposes Property, labor or
services. may Be- also paid for win capital
stock st . tust valuation Of such property.
labor or services, to be fired by the directors
of the corporation at meeting called for such
srposas.
The capital STOCK % this Corporation may ~
any time hereafter be increased or decreassd
da.
Article v.
The period OF corporate existence shall BE
unlimited and psrpstual
Article VI.
The business Of the corporation "a to Be
conducted by 9 Board Of not less than i've
or more than nine directors; . president, .
yice+presidsnt or vice-prssidsnts. 9 general
manager, q secretary, and q treasurer: any
70 Of which offices may be held by one per.
son, save that the president shall not be Vice
president. or the secretary the treasurer, or
vice-versa; and such other officers a. the
business Of the corporation shall require.
The following persons shall constitute the
Board Of Directors, to wit: ]. L. Wilson, =.
Nv. DeMart G. A. Wilson, E b. Nelson and
A. K Erickson: and the officers shall be:
j. L. Wilson, President
+. B. Nelson, vice-president and General
Manager.
G. A. Wilson. Treasurer.
A. X Erickson, Secretary.
pending or until the regular annual election Of
directors and officers by the stockholders.
which said regular annual election shall be
he'd on the third Tuesday in January, In
oah and every year.
Article WI.
The highest amount Of indebtedness or la
bility which this corporation can at any time
subject itself TO, shall be three million dol
asB
Article vii.
| Tho names and addresses Of subscribers
AMI he number Of shares subscribed. is a.
follows:
| ]. l.. Wilson. Altoon, Pa, shares.
| r. w. DeMart, Tyrone. Pa, shares
| G. A. Wilson, Phillipsburg, Pa, Q shares.
| +. B. Nelson, Baltimore. Md, 700 shares.
alton or Its Board Of Directors shall author.
lie or agree upon and may deem necessary OIL
expedient, and to execute one or more mort
cages or deeds Of trust or both as the oc-
casion may require for the amount OF
amounts borrowed or owing by the corporation
and this corporation may make such provis.
ions in such mortgage or deed OF trust fol
transferring its railroad track, depots grounds
A. x. Erickson. Lakeland. Fla. o shares.
| WITNESS the hands and seals Of the re
spective Incorporating subscribers, this 1sa
day Of June, A. d. 1915.
] J. L. WILSON teeail
| y. w. DeNART tEeal)
GEO. A. WILSON tseai)
| u. d. NELSON tseail
A. x. Erickson fEeal)
STATE OF PENNSYLVANIA
COUNTY OF BLAIR
Personally appeared before me. the under.