Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1919-11-22
of Florida.
ARTICLE III.

AkIlCDE Ill.
The authorized capital stock Of this
CORPORATION shall be FIFTY THOUS-
AND (S5O,OOO.00) DOLLARS, which
shall be divided into Five Hundred
G5OO) Shares of par value OF
ONE HUNDRED ($100.00) DOL
LARS each, which shall be paid IN
lawful money of the United States OF
I in property.
ARTICLE Nv.
The term for which this Corpora
tion shall exist shall be Ninety-Nlne
1897 Years, unless sooner dissolved
in a manner now or which may here
after be provided by law.
ARTICLE V.
The business or businesses, of this
| CORPORATION shall be conducted by
President, a Vice-President, a Treas
urer, and a Secretary, and by a.
BOARD of Directors. The number OF
Directors shall not be less than three
nor more than thirteen as may be
fixed from time to time by the BY,
Laws. The Board of Directors shall
;, be elected annually by the stockhold-
, ers at the regular annual stock,
holders meeting, which snaiI pc nelu
j., on the second Tuesday IN FEBRUARY
of each year, and President,
> Vice President, a Secretary ana
, Treasurer shall be annually electeu
by the Directors, and each OF sucn
y officers shall be stockholder IN TINS
: Corporation at the time OF the elec-
I ton; provided, however, that the OF
: flee of Secretary and Treasurer may
= be held by one and the same person
) during the same time. :,
The following named persons snail
;, hold the offices indicated and conducG
q the business of this Corporation until
e the first regular annual toekholders'
. meeting shall be held and others duly
3 elected, to-wit:
H. M. deMontmollin, President
& and Director.
Z B. c. Pearce, Vice-President, and
i George E. Ford, Secretary and a
X Director.
I Ellen E. Rice, Treasurer.
Is The Directors of this Corporation
x NAV meet as a Board of Directors as
4 often, and at such time and place, as
2 they shall deem necessary or advls'
X able, and shall have power and au
z thority to appoint or employ sucf
3 agents, servants or employees al
X shall seem to them advisable in car
& rving on the business, or businesses
z of this Corporation, and they shall
II determine the duties, compensation
Z and terms such agents, servants o.
4 employees.
\ The manner of calling meeting
& and the time and place of such meet
+ ings of the stockholders, except tn
4 stockholders annual meeting, and o
x Directors, shall be fixed by the BY
4 Laws. Stockholders shall vote b!
q ballot counting one vote for eac
X shares of stock owned by and az
& nearing in the name of UGH stock
q holder on the books of the CON
~ pany. Amy stakeholder may .vot
the stock of another stakeholder If b
~ presents to the meeting proper wr1
r. ten proxy signed by the owner OF tn
- stock he seeks to vote.
- ARTICLE vi.
- The highest amoust of indebtedne:
- or liability to which this Corporate
- can at any time subject itself is II;
- ed at FIFTY THOUSAND ($5O,OOO
- 0O) DOLLARS.
- ARTICLE VII.
- The names and residences of tt
- subscribers, and the amount of car
- tai stock subscribed by each, shall b
- H. M. deMostmollin, Palotko, Flo
- ida. 28O Shares, $2S,000.00
~ B. C. Pearce, Palatka, Florida,
- Shares, 100000 =,
- George E. Ford, Palatka, Florid
l. no cSLoroe 60 S00 00
- Ellen Rice, Palatka, Florida,
- IN WITNESS WHEREOF, each
e said incorporation has hereunto
r 1. person subscribed his respective MAI
+. and signature by his own hand;
- H. M. deMONTMOLLlN.
- B. C. PEARCE.
- GEORGE E. FORD.
= u i DIEL