The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-02-27
NOTICE or INTENTION TO APPLY
FOR LETTERS PATENT


ldersigned will apply to the Honorable
sidney j. Cats, governor OF the state
of Florida. at Tallahassee, Florida,
Ion the 10th day of March, A D., 1871,
for letters patent to be issued 20
FRANKS. INCORPORATED, under
1.-THE following articles of incorpora-
Ition. the original of which is on flle
lin the Office Of the secretary OF state
lof Florida. at Tallahassee, Florida,
during the period required for the
tpubliction of this notice.
MARCUS FRANK.
WINNIE HUNT.
| MAX ISRAELSON-
Proposed Charter and Articles OF m
corporation of Franks, Incorporated
We, the undersigned, do hereby as
sociate ourselves together for the pur-
pose of becoming Incorporated under
the laws of the state Of Florida, ap-
plicable to corporations for profit, and
do hereby adopt the following articles
of incorporation.
ARTICLE /.
Name
], The name of this corporation shall
| be FRANKS, INCORPORATED, and
Its principal place of business shall
be at Ocala, Marion county, Florida;
Iproyided. however, the board of di-
lrectors may establish other branches
Tor places of business or offices at
| such other points within the state OF
Florida or elsewhere as they may de-
| termine to be necessary and proper
for the conduct of the business OF
| this corporation.
ARTICLE l..
Business
The general nature of the business
/ or businesses to be transacted by this
corporation shall be as follows, to-
wit:
/. To conduct general mercantile
business in OcaIa, Florida, and at
such other places as the board of di-
lrectors may decide; to buy and sell
Iall kinds of merchandise, either at
wholesale or retail.
z. To purchase, own, sell, lease
ideal in and dispose of all kinds of
real and personal property.
g. To enter into, make, perform
and carry out contracts with any per-
son, firm, association or corporation.
| 4. To issue bonds, notes, deben.
lures or other obligations of the com.
fpanY from time to time, and to secure
the same by mortgage, pledge, deed OF
trust or otherwise.
5. To do any and all things neces-
sary for the purpose of carrying on
the business or businesses above emu.
merated.
ARTICLE III.
Capital Stock
The amount of the authorized CAPT
tai stock of this corporation is FIFTY
THOUSAND DOLLARS $3.50, 900. 00),
divided into Five Hundred Shares,
each Of the par value of One Hundred
Dollars, ($100.0C); all or any part of
the capital stock of the said corpora
ton, including the stock herein sub
scribed for by the incorporators, may
be payable either in lawful money of
the United States Of America, or may
be payable in and issued for the prl-
chase of property, labor or services at
La just valuation therefor to be fixed
by the board of directors.
ARTICLE w.
Term
The term for which this corporation
shall exist is ninety-nine years.
ARTICLE v.
Officers
The officers of this corporation,
who shall conduct it's business, shall
be President, a Vice President a
Secretary, and Treasurer, to be
elected by the board of directors, and
a board of directors, consisting of not
less than three nor more than seven
members, to be elected by the stock.
holders. The same person shall be
eligible to hold any two of the, above
Eoffiees except the offices of President
and Vice President. The annual meet
Iings of this corporation shall be held
on the second Tuesday in January of
each year. The following named off
Icers shall conduct the business of this
corporation until those elected at the
first annual meeting shall quality:
President, Marcus Frank; Vice Pres
lident, Winnie Hunt; Secretary and
Treasurer, Max Israelson: Board of
Directors, Marcus Frank, Winnie
Hunt and Max Israelson.
ARTICLE VI.
indebtedness
The highest amount of indebted.
ness or liability for which this corpor.
alton may at any time subject itself
I is Fifty Thousand Dollars ESQ. 000. O0l
ARTICLE VII.
Subscribers
The names and residences Of the
subscribers and the amount OF the
capital stock subscribed for by each.
ARE as follows:
Names Residence No. of Shares.
Marcus Frank, New York, N. Y.
eighty ESQ.,
~, ten (10).
State of Florida,
County Of Marion:
On this day personally came before
me Marcus Frank, Winnie Hunt and
Max Israelson, each to me well
known. and each of whnnn s1,hSnrihl,d