The Punta Gorda herald. [volume] (Punta Gorda, Fla.) 1893-1958, 1916-08-10
PROPOSED CHARTER


THE DeSOTO COUNTY BANK
The undersigned incorporators hereby
associate themselves together for the
purpose of becoming Incorporated and
forming corporation under and by vir-
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 it's place
of business shall be in the city of Ona
in the county of DeSoto. and State OF
Florida.
The general nature of the business to
be transacted shall be that of 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 ($100) each, to be
paid in cash.
The term for which said corporation
shall exist shall be ninety nine years.
The business of the said corporation
shall be conducted by the following Off
GERS:
A president one or more vice-pres-
dents, a 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
office as they may prescribe, or as may
be provided by the bylaws, not incon-
sistent with the banking laws.
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
Ora The animal mpptinp pf the gtOcklOl1-
ers shall be held on the third Wednesday
of January in each year
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:
JIG DURANGO, President:
W.J.WILLIAMS. First Vice President;
R.LCROOM, Second Vice-President;
RH PRIME, Cashier:
And J.G.Durrance, WI. Williams, RI.
Groom. E.L.Coward and C.P.Durrance'
Directors.
The highest amount of indebtedness
or other liability to which the said cor,
pOration shall al any time subject itself
shall be as limited and defined by Sec
ton Pip, of the General Statutes of the
State of Florida.
The names and residences of the sub
scribers, and the amountfof capital stock
subscribed by each, are as follows:
Name Residence Number ofShsrcs
E. L. Coward, Ona, Fla Ten
]. G. Durrance Ona, Fla. Fifty
r. Groom Ona, Fla Ten
w. Williams, Ona. Fla Ten
c. T. Durrance, Wauchula Fla Sixty
r. II. 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 JIG Durrance.
WI. Williams, RI. Groom, E.LCoward,
CP. Durrance and R.H. Prime, all to m"
well known, and known to me to be the
individuals described in 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 expressed
IN WITNESS WHEREOF, I have
hereunto set my hand and affixed my
Notarial seal this 2Sth day of July, A d.
1916. r. W ROBERTS,
Justice of the Peace, Dist No. %,
tSEAL) State of Florida.
t-sep-1