The Punta Gorda herald. [volume] (Punta Gorda, Fla.) 1893-1958, 1916-12-28
PROPOSED CHARTER OF
PUNTA GORDA STATE BANK


The undersigned inoorporators hereby
associate themselves together for the
purpose of becoming Incorporated and
forming a corporation under and by VIZ
tue of the Laws of the State of Florida,
with and under the following proposed
charter:
/. The name of the corporation shall
be the Punta Gorda State Bank and its
place of business shall be in the city OF
Punta Gorda, in the county of DeSoto,
and State of Florida.
III. The general nature Of the business
to be transacted shall be that OF gen
eral banking business with powers Incl
dent 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 hum
dred and fifty shares of the par value OF
One Hundred Dollars $lOO) each, TO pc
paid in cash.
". The term for which said corpora
ton shall exist shall be ninety-n nine
| years
ton shall be conducted by the following
officers:
| A president, one or more vice presi-
dents, "a board of five directors, CASH
| Ter, and such other officers and employ
ees as the corporation may authorize.
| The board of directors may appoint SUP
ordinate officers and employees. WIN
| such powers, duties and terms OF once
1
provided by the bylaws, not inconslst-
emit with the banking laws.
vi. The directors shall be elected py
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 stock
holders shall be held on the second
Tuesday in January in each year.
VII. Until the officers elected at the
first annual meeting of the stockholders
shall be qualified, the business of sale
corporation shall be conducted by the
following named officers:
Charles A. Waltmire, President;
Howard NJ. Reid, First Vice-President
Charles L. Fries, Cashier; =,
and Charles A. Waltmire. Howard NJ
Reid. Charles L. Fries. John Hagan, k
s. Windham. Directors.
VIII. The highest amount of indebt'
edness or other liability to when IN
said corporation shall at any time SUP
ject itself shall be as limited and dehnec
by Section PIP, of the General Statutes
of the State of Florida.
TX The names and residences of thu
subscribers, and the amount OF capita
stock subscribed by each. are as follows
Name Residence Number Of Shares
Charles A. waltmire,
Punta Gorda, Fla. Thirt!
Howard M. Reid r,,..,
Punta Gorda, Fla. IhirC
CHARLES L. Fries
| Bunta GOrua, RIA. I'M -
~ - Punta Gorda, Fla. Thirt,
'oi''' Pupta Gorda. Fla. Thirt
STATE OF FLORIDA,
County of DeSoto
Before me- the undersigned Notar
Public in and for the State OF FLORIDA a
large. personally appeared Charles a
Waitmire, Howard M. Reid, Charles L
Fries. John Hagan and r; s Mindha In
ali to me well known, and known to m
70 he the individuals described in an
who executed the foregoing propose
charter of the Punta Gorda state ban
and each being duly sworn seVeraly
Acknowledged that he executed the sam
for the uses and purposes therein ex
Eressed
IN WITNESS WHEREOF, haV
hsreunto set my hand and affixed m
Notarial seal this sixteenth day oil &c
toher, A. D. 1916.
(seaD NJ w. STURDY.
Notary Public, state OF Florld'
My Commission expires March TO- l9l