The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-07-05


dispose Z electrical sasrEy for any Surpsss
70 establish. opsrate and maintain. dslir-
lery systems within any city or town. or out
Of any points. for The accommodation znd trans
lportation Of persons anI property.
To lay out grounds and parks necessary or
helpful to the purposes Of this corporation, and
TO maintain thereon any manner Of buildings
or improvements for the accommodation Of Its
patrons.
To secure for market any substance or sub
stances upon the lands Of this corporation and
too market the same.
To receive and hold franchises. licenses. con-
cessions or grants Of any nature, for any
purpose; and 70 exercise the rights Hereunder.
To sell. improve, manage. develope, ex-
Change, lease, dispose Of turn TO account or
otherwise deal with all or any part Of the
property and rights Of the corporation
To take convey and transport persons and
property over Its railroad BY the fierce Of
steam. animals. electricity. mechanical power.
or any motive power efficient for the purpose.
whether 1t be liquid. gaseous or In other form.
for compensation, and to do ali such other
business As may be properly incident. connect
Cd with. or required Of railroad companies,
inferurban and suburban lines. street railways,
or companies serving a purpose similar to and
like the purpose Of this corporation The oper-
atoms Of this railorad are primarily intended
4, to be lntrastate. but II shall have the pow
er also to do all such interstate business e.
| ~ be properly received By or tsn6ered 70 It.
4 To invest pledge. cucumber or mortgage.
res or personal property held In any man.
ner; to cover assets or any operation Of me
corporation BY q mortgage or deed Of trust
and issue bonds against the same and 10
borrow such sums Of money 81 such rate Of
interest and upon such terms Is this corpor-
rights, privileges. franchise. immunitiss. ma
chimes, houses, rolling stock, furniture tools
and r4ar.at
used In connection with its railroad, In any
manner whatsoever then belonging TO this cor
poration. or which shall hereafter belong to
II, as security for any bonds, debts or sums
Of money as may be secured BY such trust
eed or mortgage, as It shall think proper:
and In case Of sale Of its railroad or any part
thereof, constructed or In course Of construc-
ton by II, BY virtue Of any trust deed or OF any
foreclosure Of any mortgage thereon the party
or parties acquiring title under such and their
associates, successors and assigns, shall have
acquire thereby, and shall exercise, and
enjoy thereafter the same rights, privileges,
grants franchise, immunities and advantages
In or by said trust deed or mortgage enumer-
ated and o0nveyed. which belonged TO and
were enjoyed by this corporation, SO far as
the same relates appertains to that portion
Of the railroad or the line thereof mentioned
or described and conveyed by said mortgage
or deed Of trust. and no further, as fully and
absolutely In all respects as this corporation
might or could have done. had not such sale
or purchase taken place.
Article Nv.
The authorized capital of this corporation
shall be seven hundred thousand dollars, d.
ylded into seven thousand shares Of the par
Yalde OF one hundred dollars each
The capital stock shall be paid in cash,
property, labor or services, or by either or any,
at just valuation to be fixed by the incor-
porators, or by the directors at . meeting
called for such purposes. Property, labor or
services, may be also paid for with capital
stock at Just valuation Of such property,
labor or services, to be fixed by the directors
~ the corporation at meeting called for such
noses. ~ " t-'f - ~
The capital stock Of this corporation may at
any time hereafter be increased or decreased
as provided by the laws OF the State Of Flori-
da.
Article v.
The period OF corporate existence shall be
unlimited and perpetual.
Article VI
The business Of the corporation Is 10 be
conducted by q Board of not less than Eve /
or more than nine directors; a president. a !
vice spresident or vice-presidents, a general
manager, secretary, and a treasurer: any
two OF which offices may be held by one per-
son. save that the president shall not be Vice /
president. or the secretary the treasurer, or