The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1919-11-17
ARTICLE II.
Business or Businesses

may decide
ARTICLE II.
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 a 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
the businesses of this corporation;
I'D To deal in gasoline, oils and
maintain general service station;
(e). To buy. own and sell patents
and copyrights;
| f). To borrow money and to issue
1
to secure the same by mortgages,
deeds, pledges or other instruments,
anC TO lend money, taking as security
| therefor mortgages, deeds, pledges or
other Instruments;
(g.) To make and enter into con-
tlactS 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;
o. Generally to exercise all such
powers as may be necessary or con-
Venlent 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 5000 Shares of
the par value of One Hundred ($1OO)
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 w.
The term for which this corpora
ton is to exist is ninety-nine (99)
years.
ARTICLE v.
Officers
The business of this corporation is
to be conducted by the following Of
ticers: President, vice-president, sec
rotary and treasurer, any two of
which except the offices of president
anC vice-president may be held by the
same person, such officers to be elect
ed by the board of directors; and by q
board of directors to be elected by the
stockholders consisting of not less
than three nor more than seven men,
bers; the board of directors may ap-
point such subordinate officers having
such duties, powers and terms of of
fec as it may deem best and to the
interest of this corporation. The first
meeting of the stockholders of this
corporation shall be held at Ocala,
Florida, on the 23rd day of Deem
Der, A. D. 1919 for the purpose of ac-
cepting the charter, adopting bylaws,
electing officers and such other bust
ness as may be necessary for COM
plotting the organization of this cor
pUration. The following officers shall
conduct the business of this corpora
ton until those elected at the first
meeting of the stockholders and direc-
tors shall qualify: President, r. r.
Carroll; vice president, A. A. Griffin;
secretary and treasurer, H. G. Blbro;
and a board of directors consisting of
F. r. Carroll, A. A. Griffin, H. C. Bill
bro, II. Z. Chalker and L. w. Duval.
The annual meeting of this corpora
tiCn shall be held on the fourth Tues
day in December of each year.
ARTICLE VI.
Indebtedness
The highest amount of indebtedness
to which this corporation may at any
time subject itself is Fifty Thousand
[ O,OOO) Dollars.
IS ARTICLE VII.
Subscribers
The names and residences of the
together with the amount |
Of capital stock subscribed for byI
each, are as follows:
Name Residence Shares
K. r. Carroll. -. Ocala, Fla. so
A. A, Griffin Ocala Fla