The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-01-18
PROPOSED CHARTER OF PEOPLES STATE
BANK OF LAKELAND, FLORIDA


PROPOSED CHARTER OF PEOPLES STATE
BANK OF LAKELAND, FLORIDA
The undersigned incorporators hereby asso-
clate themselves together for the purpose of
becoming Incorporated and forming corpora
ton under and by virtue of the Laws of the
State of Florida, with and under the follow,
ing proposed charter
The name OF the corporation shall be the
Peoples State Bank OF Lakeland, and its place
Of business shall be in the city of Lakeland,
In the county of Polk. and State of Florida
H.
The general nature Of the business to be
transacted shall be that of a general Banking
business with powers incident thereto, as pro-
vided by the Statutes of the State Of Florida
III.
The amount Of the capital stock Of said cor
poration shall be Fifty Thousand Dollars, to
be divided into five hundred shares of the
par value Of One Hundred Dollars $1,000
each, to be paid In cash.
w.
The term for which said corporation shall
exist shall be one hundred years
The business of said corporation shall be
| conducted by the following officers:
/ president one or more vice presidents a
board OF five directors, cashier and such
other Officers and employees as the corpora.
ton may authorize. The board of directors
may appoint subordinate officers and employ,
ees, with such powers, duties and terms OF
office as they may prescribe. or as may be
provided by the bylaws, not inconsistent with
the banking laws.
| The directors shall be elected by the stock.
holders at each annual meeting All other
OFFICERS and employees shall be elected an
nually by the Board Of Directors The an.
nual meeting OF the stockholders shall be held
4 the first Monday In
Until the officers elected at the first annual
meeting Of The stockholders shall be qualified
the business OF said corporation shall be con {.
Quoted by the following named officers
W. l. Overstreet. President John l. Fouts.
First Vice President H. NJ Cowies. Cashier
and John L. Fouts. W, T. Overstreet. ]. C..
Williams. II. NJ. Cowles and George c. Bar.
ton. directors.
The highest amount Of Indebtedness or other
liability to which the said corporation shall
at any time subject itself shall be as limited
and defined In Section 27l2. OF the General
Statutes Of the State of Florida
| TX
The names and residences Of the subscribers
and the amount Of capital stock subscribed
by each. are as follows:
Name Residence No Of Shares
w. T. Orerstreet. Lakeland. Fla-------5o
John L. Fouts Mulberry Fla.------25O
w. NJ. Cowles. Lakeland. Fla 90
H. c. Williams. Lakeland, Fla 20
H. NJ Cole, Lakeland, rla "A
Geo c Barton. Lakeland. Fla--------- 10
STATE OF FLORIDA,
County Of Polk
Before me, the undersigned Notary Public IN
and for the State Of Florida at Large. per
sonally appeared W. T. 0yerstreet John /.
Fouts. II. NJ Cowles. j. C. Williams. N NJ
Cole and Geo. G. Barton. all 20 me wei
known and known to me to be the individual,
described in and who executed the foreroin,
proposed Charter Of the Peoples State RAM
OF Lakeland. and each being duly sworn
severally acknowledged that he executed IN
same for the uses and purposes therein ex
pressed
In witness whereof. | have hereuntn 80
my hand and affixed my notarial seal thl
, 9Th day OF January. A. ID. 1916
+. W. THOMPSON.
Notary Public. State OF FLORIDA
; Ny commission expires February s. 1919
Tallahassee, Fla, January 4 1911,
The name Of Peoples State Bank Of Lake
= land. is hereby approved.
W V. KNOTT.
; 1910 Comptroller of the State Of Flerid,