The Punta Gorda herald. [volume] (Punta Gorda, Fla.) 1893-1958, 1920-07-08

| PROPOSED CHARTER OF THE PUN
IA GORDA COUNTRY CLUB.
The undersigned incorporators hereby
associate themselves together for the pur-
pose Of becoming Incorporated and form
ing a corporation for profit under and by
virtue of the laws of the State of Florida
with and under the following proposed
Charter:
The name of the corporation shall be
THE PUNTA GORDA COUNTRY CLUB
be in Punta GOrda, Florida, but may do
business in as many other places in the
State of Florida and elsewhere as it may
desire
The general nature of the business to
be transacted by this Company shall be
as follows:
/. To carry on the business of furnish
ing amusement, entertainments, cXer-
else to its members and to the public, and
charging a consideration therefor
2. To purchase, acquire, lease. own
and manage theatres, play houses, gar
courses. tennis courts, ball parks, club
houses and all other places of amusement
entertainment and recreation.
3. To establish and maintain and
stands, confectionery stands end fruit
stands, ice cream parlOrs and similar
places for the sale of refreshments to ITS
members and the public in general.
4, 10 erect, MAINTAIN, purchase OF
rent, hire, lease. let or otherwise acquire
and dispose of buildings, lots and all
other property both real and personal,
necessary or convenient to such BUSINESS.
5. To acquire, hold, manage and dis
pose of property of every kind pertaining
to a general Club House business for pro-
fit either among its members or the pub
lie generally, and to do everything nee
essary and proper for the conducting of
said business
The amount of capital stock of said
corporation shall be $25, 900 90 to be divd-
ed into two thousand five hundred shares
of the par value of $1,000 each, said
stock to be non -assessable. ten per cent
of the full amount of said capital stock to
be paid in in cash. and the balance of
said stock to remain as treasury stock to
be disposed of by the corporation.
"
The business and affairs of this corpor-
alton shall be conducted by a Board Of
seven directors who shall be elected an
nually by the stock hOlders Of this COM
pany at their annual meeting to be held
at the place of business of this corpora
ton in the City of Punta Gorda in the
County of DeSoto and State of Florida on
the first Tuesday in February of ach
year after this Company shall be fully
authorized to commence business: and by
a President one vice president, secretary,
and treasurer who shall be elected by
the Board of Directors from the Board Of
Directors at the same place on the same
day and Immediately after the said Board
of Directors shall be elected by the stock
holders.
V.
The term for which this corporation
shall exist and exercise its franChi sc
privileges and immunities, shall be for
the term of ninety nine years.
W.
Until the officers are elected at the first
meeting of the stockholders, who shall be
qualified the business of said corporation
shall be conducted by the followinC
named officers: Clarence w. Hewitt, !
president; James S. Golf, vice president;
l.. e. Robinson. secretary; w. K. De- /
Loach, treasurer; and James S Golf, |
Clarence w. Hewitt, l.. Il. Robinson, w |
R. DeLoach, r. X. Seward, f. r Blount |
md F. K. Mason, Directors.
VII
The highest amount of Indebtedness o. !
liability to which this corporation lsEull at !
my time subject itself, shall not exceed |
he amount of $25, 600 90.
VII
The names and residences 0f the sub
cribers and the amount % capital STOCK
subscribed by each. are as follows:
Name Residence Number /
of Shares. !