The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-10-05

This the 2Srd day Of October. 1916.
c. E. WORRELL
HENRY TAYLOR
B. X. PANCOAST
ARTICLES OF INCORPORATION
The following articles Of Incorporation and
association of the Profit Sharing Laundry
are hereby entered into on the 23rd day OF DC
tober A. D. 1916, by and between c. =;
Worrell, Henry Taylor, B. X. Pancoast and
their associates, who hereby associate them
selves together as body polite ana corpo-
rate under the Laws Of the State OF Fiorida'
with the right and capacity Of perpetual sue
cession.
ARTICLE !
The name Of this corporation shall be Prof
1T Sharing Laundry with its principal office
ana place Of business at Lakeland. In POLK
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 or Foreign
countries, as the said corporation may from
time to eime determine.
ARTICLE u.
The nature Of the business and the objects
and purposes proposed to be transacted, pro.
NOTED and carried on, are to do any and
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 the
world, viz:
To purchase, lease. hire or otherwise &C.
Qulre real ana peTSOudl pTOpcItyS lhPiotSu
and unimproved, Of any kind and description
and to sell, dispose Of, lease, convey and
mortgage said property, or any part there-
of; to acquire, hold, lease, manage, operate,
develop, control, build, to own ana 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
franchises and licenses, and all other things
which may at any time be necessary or con-
venent in the judgment OF the Board OF d.
rectors for the purpose of the Company. 10
SELL lease, hire or otherwise dispose OF the
lands, buildings or other property OF the
Company, or any part thereof.
To engage in the purpose Of Steam Laun-
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 ana 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 in
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
anG every class and description and in any
part Of the world.
To enter into make and perform contracts
of every kind, with any person, firm, associa-
ton or corporation, municipality, body polite
and without limit as to amounts to draw,
make, accept, endorse, discount, execute and
issue promissory notes, Grafts, bills OF ex-
change, warrants, bonds, debentures and
other negotiable or transferable Instruments
and evidence Of indebtedness, whether secured
by mortgage or otherwise, SO 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-
lions 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 world, in general to carry on any
other business in connection Herewith.
whether manufacturing or otherwise not con-
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 ($25,000) Dollars, divided In %, 90
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
be fixed by the Board Of Directors at
meeting called for such purpose.
ARTICLE ~.
The time Of the commencement Of this cor
poration shall be the date Of the issuance of
the letters patent therto and 1t shall con-
tinue in operation for the period Of ninety
nine t99) 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 'sSo'o @s1, Dollars I "
The private property Of the stock holders
shall not be subject to the payment Of cor
poratc debts to any extent whatever.
ARTICLE WI.
The business of the Corporation shall be
conducted by President, a Vice President,
a Secretary, Treasurer and a Board Of Ri,
rectors, to be composed Of not less than
three (3) nor more than thirteen (l3), the
number to be determined upon by the stock
holders, but to be three (S) in number until
otherwise provided.
The President and ice-Presdent shall be
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 ofic of
the said Corporation in Lakeland. Florida.
and the Corporation shall have the power thru
and by its Bylaws to create such other Of
fees as It may from time to time determine
be filled by the Board Of Directors except
the Board Of Directors themselves. The or
fcers who are to have charge Of the bust
ness OF this Corporation and serve as such
until the first annual election of officers shall
be, c. Z. Worrell, President, Vice President
ana Henry Taylor, Secretary and Treasurer
ARTICLE viii.
The names and rsidences Of the subscrib-
ers TO these articles Of incorporation ire:
c. E. Worrell 1919 shares Of the capita,
stock. Of the corporation
Hnry Taylor 1249 shares Of the cap;ial
stock Of the Corporation, B. h Pancoas.. 2
shares Of the capital stock Of the Corporation
all OF st. Petersburg, Pinellas County, Flor
ida.
IN WITNESS WHEREOF, the subscribers
hereto have each hereunto set their hands and
seals on :he day and var ferst aboy written.
c. Z. Worrell ISeaD
Henry Taylor (SeaD
B. X. Pancoast (Seal)
STATE OF FLORIDA
COUNTY OF PINELLAS
Before me, John D. Harris, Notary Pub
lie in and for the State of Florida at large
personally appeared c. E. worrell, Henry Tay-
lor, 3. X. Pancoast, to me we'll known to be
the persons described in and who executed the
foregoing articls Of incorporation and who
each acknowledged before me that they exc
cuted the same freely and voluntarily for
all Of the uses and purposes therein expressed
and set forth.
IN WITNESS WHEREOF, have hereunto
Il ~ A~ta nj cd as,..A -