The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1919-12-01

Proposed Charter and Articles of In
corporation of Carroll Motors
Company
We, the undersigned, do hereby as
sociate ourselves together for the
purpose of becoming incorporated
under the laws of the state of Flor
ida and do hereby adopt the following
proposed charter and articles of in
corporation.
ARTICLE !.
Name and Place of Business
The name of this corporation shall
be CARROLL MOTORS COMPANY,
and its principal place of business
snail be Ocala, Marion county, Flor
ida but it may establish such other
places of business as branches thereof
either within the state of Florida or
elsewhere, as the board OF directors
ARTICLE III.
BUSINESS or businesses
The general nature of the business
or businesses to be transacted by this
corporation are:
(a). To conduct a general auto
mobile sales business; to buy. own and
sell all kinds of automobiles, trucks,
tractors, airplanes and other motor
driven vehicles of every kind and
nature whatsoever; to buy, own and
sell all kinds of accessories, tires and
parts for automobiles, trucks, trac-
tors, airplanes and other motor driven
vehicles;
(b.) To conduct a general auto
mobile and motor driven vehicle re-
pair garage and to maintain ware
house for storing cars and motor
driven vehicles;
(c.) To construct, own and control
any and all kinds of buildings, garages
and airdromes for housing, storing,
repairing and otherwise conducting
Id To deal in gasoline, oils and
maintain a general service station;
(e). To buy. own and sell patents
and copyrights;
(f). To borrow money and to issue
bonds, notes or other obligations and
to secure the same by mortgages,
deeds, pledges or other instruments,
anG to lend money. taking as security
therefor mortgages, deeds, pledges or
other Instruments;
(g.) To make and enter into con-
tracts of any and every kind whatso-
ever for the furtherance of the bust
ness or businesses to be undertaken
by this corporation;
(h.) To buy, own, lease and sell
all kinds of real and personal prop
crty;
ID Generally to exercise all such
powers as may be necessary or con-
venient to the purposes of the bust
ness or businesses of this corporation,
and to have, exercise and enjoy all
The rights and powers and privileges
incident to corporations organized,
chartered and existing under and by
virtue of the laws of the state of
Florida.
ARTICLE III.
Capital Stock
The amount of the capital stock of
this corporation shall be Fifty Thou
sand ($50,000) Dollars. to be divided
into Five Hundred (5O0) Shares of
the par value of One Hundred ($100)
Dollars each, all or any portion of
which may be issued for or payable in
: money, or in labor, services, real or
personal property, at fair valuation
thereof to be fixed by the board of
directors.
ARTICLE ".
The term for which this corpora
! ton is to exist is ninety-nine (99)
years.
Officers
The business of this corporation is
to be conducted by the following Of
ficers: President, vice-president, Sec
rotary and treasurer, any two OF
which except the Offices of president
, arc vice-president may be held by the
same person. such officers to be elect
ed by the board of directors; and by d
board of directors to be elected by the
stockholders consisting of not less
than three nor more than seven mem
bers; the board of directors may ap-
point such subordinate officers having