The Ocala banner., 1919-08-15

k-t~~G VI RAss5-2ANssc -A1SS4t DC AZ D~l4GNICW
Marion County, Florida, bnt 't may
establisA Hsuch other places of busi-
ness, either within or without the
State of Florida, IS may be deemed
necessary or eXpedient for the cor
porate interests.
! ARTICLE H. The nature of the
( business or businesses to be trans
acted by this corporation are as fol-
! lows:
The manufacture and sale OF elec-
! tricity and ice; the operation Of
modern cold storage warehouses and
sale of its products; the operation
of a modern feed mill, and sale of
| its products, as well as other mer-
chandise; the operation of a modern
creamery, and the sale of it's prod
ucts; the operation of a bank as d
branch of some other bank. and the
sale and installation Of dynamos and
other electrical appliances. wiring,
etc. Also the sale of water for do
mestic and other purposes; also the
operation of a telephone exchange.
ARTICLE III. The capital stock of
said corporation snail be twenty five
thousand dollars, divided into five
hundred shares of the par value of
| fifty dollars each. All of any part of
such capital stock may be paid for
in cash, or in property, labor or SER
vices, at just valuation to be fixed
by the directors at a meeting to be
called for such purpose. Property.
labor or services may also be pur-
chased and paid for with CAPITAL
stock at just valuation of such
property, labor or services, to be
fixed by the directors of the corpora
tiCn at a meeting called for that
purpose.
ARTICLE ". The term for which
this corporation snail exist shall be
ninety nine years.
ARTICLE V. The business of this
corporation shall be conducted by
president, vice president, a secre-
tary and treasurer, and a board CT
directors, to be elected annually;
the directors shah be elected by the
stockholders at 9their annual stock
holders meeting; and the other Off
GERS shall be elected by the directors
at their first meeting after each an
nual stockholders meeting. Such
board Of@directors.s shall consist of
not less than three nor more than
seven persons. The office of secre-
tary-tAnd treasurer of said corpora
tion.T may be held by one and the
same person. The annual meeting of
this corporation shall be held on the
second Tuesday in January each and
every year, and shall be held in the
Cifr1 IIan sy OF &
Marion County, Florida, or at s6sh
place as the board of directors may
select. The following officers shall
conduct the business Or businesses
of this corporation until those elected
at the first election shall be quail
fed:
F. E. Martin, President.
John L. Carney, Vice President.
Edw. s. French. Secretary and
Treasurer; and M. NJ Proctor, Louis
Weihe, F. E. Martin, C. W. Quick
John L. Carney, Edw S. French.
John T. Lewis, Board of Directors.
ARTICLE VI The 4ghest amount
Of Indebtedness to which this cor
poration can at any time subject it.
self shall be fifteen thousand dollars.
ARTICLE VII. No subscriber to
the capital stock Of this corporation
shall own more than forty shares
thereof: twenty five per cent. of the
par value of the stock subscribed
shall be paid in cash upon applica-
ton, and said remainder or balance
OF said subscribed stock shall be paid
IN such manner and at such time or
times as the directors require. Sin
gle share shall be paid for in full in
cash at the time of application
Properties consisting of utilities in
the City of Belleview may be ex-
changed for capital stock in this cor
poration. The names, places of resi-
dence Of the subscribers, and the
amount subscribed for by each, are
as follows:
Name Residence No. of Shares
Frank Martin, MCHenry, ILL., "a
J. L. Carney, Lake Weir, Fla,
E. s. French, Belleview, Fla. 20
3. n. Tanner, Belleyiew, Fla q
Delbert. Haskell, Belleview. Fla. 2
STATE OF FLORIDA,
Marion County.
I hereby certify that before me
personally came Frank Martin. J. L.
Carney, E. S, French B. ".
Tanner and Delbert Haskell, to
me known to be the persons
who subscribed their names TO the
foregoing proposed charter, and that
each Of them acknowledged to me
that ne executed said instrument for
the purposes therein expressed. and
that he subscribed for the amount Of
capital stock set opposite his name
further certify that my commission
expires on the 9Th day Of October
A. D. 1920 =
WITNESS my hand and official
seal at Belleview, FLORIDA. TINS July
18th, A. d. 1919.
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