The Punta Gorda herald. [volume] (Punta Gorda, Fla.) 1893-1958, 1916-08-17
PROPOSED CHARTER
THE DesoTo COUNTY RAN

THE DeSOTO COUNTY BANK
The undersigned lncorporators hereby
associate themselves together for the
purpose of becoming incorporated and
forming a corporation under and by yir-
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 Ons
in the county of DeSoto, and State of
| Florida.
| The general nature of the business to
| be transacted shall be that of a General
| banking Business, with powers incident
thereto, as provided by the Statutes 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 $1,000 each, to be
paid in cash.
The term for which said corporation
shah exist snail be ninety-nine years
The business of the said corporation
shall be conducted by the following Off
GERS:
president, one or more yice-presi-
dents, board of five to nine directors
cashier and such other officers and
employees as the corporation may au-
thorize. The board of directors may APP
point subordinate officers and employees,
with such powers duties and terms Of
once as they may prescribe, or may
be provided by the bylaws, not incon-
slstent with the banking laws.
VI
The directors shall be elected by the
stockholders at each annual meeting.
All other officers and employees shall BE-
elected annually by the Board of Direct
ors. The annual meeting of the stockhod-
ers shall be held on the third Wednesday
OF January in each year.
VII
Until the officers elected at the first
annual meeting of the stockholders shall
be qualified. the business of said corpor
alton shall be conducted by the following
named officers:
J.G.DURRANCE, President;
VI WILLIAMS, First Vice President;
RL.CROOM, Second Vice President:
RI. PRIME. Cashier:
ana J.GDurrance, WJ.Williams, RI.
Groom, EL.Coward and C.P Durraace,
Directors.
The highest amount of indebtedness
or other liability to which the said cor
poration shall at any time subject itself
shaH be as limited and defined by Sec
Stn Z'IZ' OF the General Statutes of the
The names and residences of the sub
scIloerS ana the amount of capital stock
SUBSCRIBED by each are as follows:
II same residence Number ofShares
=. - =. y o"aFu, Ona, Fla. Ten
:. G.Durrance, Ona. Fla. FIFTY
" " - CrGonl Ona, Fla. Ten
y " illiams Ona, Fla Ten
~ Durrance, Wauchula, Fla. Sixty
tScft !, III, ITiht, Bowling Green, Fla Ten
STATE OF FLORIDA,
County OF DeSoto
Beiore me, the undersigned Notary
! T o In and for the State of Florida at
large Ia e. ,I personally appeared JIG Durrance
" " d; n w mans R;LCroom, E.LCoward
Wen known, and known to me to be the
IN W., described in and who execut-
6a S tne ioregolng proposed Charter OF the
IHGooto County Bank, and each being
b bay sworn Severally acknowledged that
ne executed the same for the uses and
purposes therein expressed
IN WITNESS WHEREOF, 1 have
SET my hand and affixed nv
1916 r w pS S1y % Suiy'
(SEAL) Sta+a 20 EIorida
.-sep-1 "