The Ocala banner., 1917-11-09

Aor th6 proposed cnarter nerelnalter
set forth:
JACOB H. SPARKLIN.
CHARLES o. KNIGHT.
GEO. 8. CHILDS.
JOHN X. McIvER.
JOHN A. WILLIAMS.
Articles Of Incorporation and Propos-
ed Charter Of OcaIa Lime a
Manufacturing Company
= The undersigned hereby associate
themselves together for the purpose
Of becoming incorporated under the
laws Of the state Of Florida applicable
to corporations for profit for the
transaction of business under the fol-
lowing charter:
ARTICLE l.
The name of this corporation is
OCALA LIME AND MANUFACTURE
ING COMPANY. The principal Office
and place of business is In the city
Of Ocala, Marion county, Florida. The
directors may establish branch offices
or places of business at such points
within or without the state of Florida
as they, in their discretion, may de-
termine to be necessary In the trans
action of the company's business.
ARTICLE ii.
The general nature of the business
or businesses to be transacted by said
company is as follows:
(a) To mine and manufacture lime
and lime deposits, building stone, paw
ing rock, jetty rock, phosphate rock,
and other mineral deposits, for COM
mercial purposes; and to own. sell,
lease, and otherwise deal in lands, tim
Der, stone, paving material, jetty
rock, lime deposits, phosphate depos-
its, and such other property as may
be necessary and incident to the gen.
eral character of its business;
(b) To manufacture lumber, bar
rels, boxes, baskets, crates, and pack
ages; and conduct the usual business
incident to the acquisition, mainten-
ance and operation of sawmills and
planning plants;
(c) TO acquire. operate and main
tain commissaries, and general mer-
camille business;
I'D To acquire, own and lease
lands and property for agricultural,
horticultural. and live stock purpos-
es; to conduct farming operations
and stock raising for home consump-
tion and commercial purposes.
(e) To build and construct rail-
road, spur and side tracks, tram
tracks, log roads and lumber roads,
such as may be deemed necessary
and expedient in conducting, manag-
ing and operating its general busi-
ness, but such tracks and roads not
for use as commercial railways, or to
be operated by the company as a
common carrier;
(f) To acquire, own, sell, lease,
mortgage, or otherwise cucumber, any
and all lands and personal property
which 1t may deem prudent, neces-
sary, or expedient, in conducting its
affairs, and to sell. ship, market, or
Otherwise dispose Of, its productions;
and to do generally any and all things
reasonably necessary and requisite. or
which may be deemed expedient, in
carrying out the purposes Of the cor
poration herein expressed.
ARTICLE Ill.
The amount of capital stock author
lied is One Hundred and Fifty Thou
sand Dollars, divided into preferred
and common stock as follows: 500
shares, $4,000 of preferred per
cent. cumulative stock without re-
Etrictions of any kind except that the
same may be redeemable; and 1000
shares, 100000 OF common stock; the
par value of each share of stock,
whether preferred or common, shall
be one hundred dollars per share.
Any part or all of said capital stock
may be payable either in cash or pro-
perty, labor or services, at a just valu-
alton to be fixed by incorporators or
by the directors at meeting called
for such purpose; and the judgment of
such incorporators or directors as to
the value of such property, labor or
services, shall in the absence OF
fraud, be conclusive upon stockhoId-
ers and all other persons dealing with
the company. The authorized capi-
tai stock may be issued and paid
for at such time or times and upon
such terms and c0nditins as the board
Of directors may determine, and may
be increased from time to time be-
yond the amount stated, in manner
provided by law.
ARTICLE Nv
The corporation shall have success
sion by its corporate name perpetual
ly, and is to exist perpetually.
ARTICLE v.
The business of the corporation
shall be managed and conducted by a
president, a vice president, a secre-
tary and treasurer; and board of di-
rectors consisting of not less than five
nor more than nine, to be elected at
the annual meeting of the stockhold-
ers to be held of the second Tuesday
in January of each year; one person
may hold the offices of vice president
and general manager, and one per-
son the offices of secretary and treas
urer. The officers who are to conduct
the business of the corporation until
those elected at the first election here
after shall be Qualified, are Jacob
III. Sparklin, president; Chas. O.
knight, vice president; George s..
Childs, secretary; John A. Williams,
treasurer; and Jacob HI. Sparklin,
Chas. o. knight. George S. Childs,
John X. McIyer and John A. Williams,