The Palatka news and advertiser. [volume] (Palatka, Fla.) 1908-19??, 1917-07-27
CHAPTER 73S7-tNo. 1927.

AN ACT to Provide for the Creation OF Cor.
pOrations to Hold or Conduct State Fair
or Expeditions and to Prescribe the Power!
Thereof and the Method Of Incorporating
the Same.
Be It Enacted by the Legislature Of the
State of Florida:
Section /. Three or more persons may az
sociate themselves together to form and ere.
ate a corporation under the Laws of Florida
to hold conduct and operate State fairs oil
eXpOsitiOns. and to exercise other powers
granted by this Act upon making and f1line
n proposed charter in writing in the manner
hereinafter mentioned.
Sec . The proposed charter Of every cor.
poration organized under this Act shall set
forth:
~ The name of the corporation. which
shall contain the word company, corporation
incorporated or association.
t2l The name of the place in the State OF
Florida where the principal office or place OF
business is to be located.
(S) The general nature Of the business or
businesses objects and purposes proposed to
be transacted or carried on.
az The total amount of the authorized
capital stock of such corporation which
however shall be not less than $4,000 in
any case and the number and par value Of
the shares into which the same is divided.
No corporation organized under this Act
shall commence business until at least s25.-
900 of the capital stock shall be subscribed
by the incorporators in the proposed char
ter and shall be paid into the treasury of
said corporation in cash. The capital stock
shall be divided into shares of not less than
one dollar per share and the amount Of the
par value shall be fixed In the proposed char
ter. All payment for capital stock shall be
in cash.
81 The name and the residence OF each
Of the incorporators and the amount OF stock
subscribed for by each the total amount of
which shall be not less than SOS, 900.
(6l The term for which said corporation
a. The highest amount Of Indebtedness
to which the corporation may at any time
subject itself
80 The proposed charter may also con-
tain any provision which the tncorporators
may insert therein for the regulations OF the
business and conduct of the affairs Of the
corporation and any provisions, creating, de-
filming, limiting and regulating the powers of
the corporation and of its directors and
stockholders or any class OF stockholders.
Sec 8. Such proposed charter shall be
signed by at least three subscribers to the
capital stock and shall be acknowledged be-
fore an officer authorized to take acknowl-
edgments of deeds; and thereupon said pro-
posed charter shall be filed in the office Of
the Secretary of the State. who shall produce
inc the same and if he shall find 1t to be In
proper form and for the objects authorized
by law letters patent shall be issued by the
ing said subscribers. their associates and
successors into body polite and corporate
by deed and in law by the name chosen, for
the purposes and upon the terms and pro-
visions set forth In said charter. The Sec
rotary of State shall annex to the letters
patent certified copy OF said charter, re-
tanning the original on file, and before de-
livering the letters patent shall record them
and said charter in book kept for that pur-
pose, and shall receive from the corporation
before delivery. in addition to the fees al
as now provided by law in respect to the in
lowed by law the same charter tax or fee
as now provided by law In respect to the in
or corporations for profit under
the Laws of Florida.
Sec 4. Said letters patent or a certified
copy thereof given by the Secretary of State
under the great seal shall be evidence of the
existence of such corporation in all actions
and proceedings. The original charter with
the certificate of the recording thereof in the
office of the Secretary OF State endorsed
thereon or a copy from the record thereof
certified by the Secretary Of State shall be