The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-07-17

or rent same for itself or others; to en-
gage in the business OF stockraising;
stores products for itself or as agent
for others; to buy, sell, own and deal In
naval stores. cattle, horses and i've STOCK
of all kinds. and to own and operate
stock farms, for itself or as agent for
others; to deal in timber and timber
lands. including lands suitable for tur-
pentine operations; to make all appfo-
pirate or needful contracts; ana 70 oo
all Of the acts and exercise all powers
necessary. incidental or convenient 10 the
conduct of said businesses.
3.
The amount of capital stock authorized
shall be One Hundred and Fifty Thousand
Dollars, divided into fifteen hunoreo
shares of One Hundred Dollars each.
Ninety six Thousand Dollars of such cap
ital stock shall be payable in properly,
labor or services at just VaLuatioh "
be fixed by. the incorporates or by the
directors at a meeting called for such
purpose FHty-four Thousand Dollars OF
such capital stock shall be payable IN
cash at such times and in such amounts
as the directors may require.
The corporation shall exist for period
of ninety-nine years from the GATE OF It's
letters patent.
The businesses of the Company shall
be conducted by the following officers,
shall be General Manager. Secretary:
Who shsI; also be Treasurer, and a Board
of Directors consisting OF not less tnan
to be fixed by the stockholders at any
stockholders' meeting, but when not
otherwise fixed by the stockholders three
shall constitute the number OF directors,
The directors shall be elected annually
by the stockholders at a meeting to De
held on the first Monday OF December
OF each year, and the other officers snaL
be chosen annually by the Board or d.
rectors at a meeting held on the same
day after the meeting of stockhoidsrs,
or as soon thereafter as practicable. The
names of the officers who are to conduct
the businessS of the corporation until
those elected at the first election pa.,s SHAH
l. A Dye. Vice-president and General
Manager. j. w. Bates. Secretary and
Treasurer, and I. A, Dye, Florence V.
The highest amount of Indebtedness or
any time subject itself shall be Two Hun
dred and Fifty Thousand Dollars
The names and residences of the sub
scribers and the amount Of stock sub
scribed for by each are as follows:
z. s. Hutton, Lapel. Indiana. $50 shares
l. A Dye. Monroeville. Alabama, 23o
Florence V. Dye Monroeville. Alabama.
10 shares. +,
J. w. Bates. Poteau. Oklahoma. 24o
In witness whereof. the subscribers do
hereunto set their hands this LIST day of
July, 1918.
e s. HUTTON.
/. A. DYE,
- -~.. FLORENCE " DYE.
state of Florida,
Escambia County.
Before the undersigned. Notary Pub
lie in and for said County and State, per-
sonally appeared z. S. Hutton. I. A. Dye
and Florence " Dye, each to me well
known to be the Identical persons de-
scribeds in and who executed the fore
going instrument. and each acknowledged
their signature to said instrument and
that they executed said instrument free
ly and voluntarily, for the uses and pur-
poses therein expressed.
IN TESTIMONY WHEREOF, have
hereunto set my hand and official seal
this LIST day of July, A. D., 1913
(Notarial SeaD r. B. CARTER, JR
Notary Public. State of Florida
My commission expires July 10. 1919.
15a1-2j,IIoa w4w