Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1919-11-08

for the purpose OF forming corpo-
ration under and by authority of
the laws of the State of Florida, and
adopt the following ARTICLES as
their ARTICLES OF INCOkPORA-
TION:
ARTICLE l.
The name Of thi Corporation shall
be II. NJ. deMONTMOLLIN CO."
and its principal place of business
shall be in the City of Palatka,
County of Putnam, and State of
Florida, with authority and power to
establish such branch offices and
other places Of business in the State
Of Florida, and in such other States
Of the United States, as it may deem
necessary or advisable.
ARTICLE II.
The general nature of the business,
or businesses, to be conducted and
transacted by this Corporation, shall
be as follows: The purchasing, hold
ing leasing, sub-letting, renting and
dealing in property, real, personal
and mixed, of whatsoever nature or
kind, with the right to pledge or
mortgage
therein; and to improve and con-
struct such buildings as may be de-
sirable in connection with its general
| business; and with the right to estab-
| fish branch businesses, and agenc-
les and sub-agencies, in the State of
| Florida, and elsewhere; and to dis
count and re-discount its commercial
paper, and to acquire, and hold, and
dispose of, bonds, stocks and securl-
ties, of individuals and of other Cor
porations; and particularly it shall
have the right, and its prinripal bus
mess shall be, to deal as manufacture
er, broker, factor or merchant, whole
sale or retail, in general mill sup
plies and machinery of everf nature
kind and description, and in farm
ing implements, tools and accessories
and in general hardware, building
materials, and plumbing supplies
and to act as agent for individuals
or corporations, engaged in the same
or other lines of business, and tx
act as agent and bailee for rail
roads, steamboats,, or other manner
of transportation lines, or compan
les; and generally to have, exercise
and enjoy, all the privileges, power
and rights granted by law, or inner
ent in, or usually exercised by Cor
porations for Profit charted by, ant
existing under, the laws of the Stat
of Florida.
ARTICLE III.
The authorized capital stock of thi
Corporation shall be FIFTY THOUS
AND $50, OO0.0O) DOLLARS, which
shall be divided into Five Hundred
5000 Shares of par value o
ONE HUNDRED ($100.00) DOL
LARS each, which shall be paid il
lawful money of the United States o.
in property.
ARTICLE ".
The term for which this Corpora
ton shall exist shall be Ninety-Nin'
(99) Years, unless sooner dissolved
in a manner now or which may here
after be provided by law.
ARTICLE V.
The business or businesses, of thi
Corporation shall be conducted by ;
President, q Nice-President, a Treas
urer, and a Secretary, and by {
Board Of Directors. The number o.
Directors shall not be less than three
nor more than thirteen as may b.
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 shall be hel(
on the second Tuesday in Februar!
Of each year, and a President, ;
NIce-PresIdent, Secretary and {
Treasurer shall be annually elected
by the Directors, and each Of sucl
| officers shall be a stakeholder in thi
Corporation at the time of the elec
ton; provided, however, that the of
flee of Secretary and Treasurer ma.
be held by one and the same persol
during the same time.
The following named persons shall
hold the offices indicated and conduc
the business of this Corporation unit
the first regular annual tockholders
meeting shall be held and offers dull.
elected, to-wit:
H. NJ. deMontmollin, President
and Director.
B. c. Pearce, Vice-President, anc
DIRECTOR.
( George E. Ford, Secretary and ;
Director.
Ellen E. Rice, Treasurer.
The Directors of this Corporation
may meet as a Board of Directors a.
often, and at such time and place, a
they shall deem necessary or advis
able, and shall have power and au
thority to appoint or employ sucl
agents, servants or employees a
shall seem to them advisable in car
rying on the business, or businesses
Of this Corporation, and they shall
determine the duties, compensation
and terms 0 such agents, servants o
employees.
The manner of calling meeting
and the time and place of such meet
| ings Of the stockholders, except tn
stockholders annual meeting, and o
Directors, shall be fixed by the By
Laws. Stockholders shall vote by
ballot counting one vote for eac
shares of stock owned by and ap
pearing in the name of ueh stock
holder on the books of the com
pany. Any stakeholder may vot
the stock of another stakeholder if h