The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-09-24

President to declare his office vacant
! Section 2. The Board Of Directors
shall meet within three days after
their election and at such meeting
shall choose from their own number
President, Vice-President, Secre-
tary and a Treasurer, and shall also
choose Manager who need not be a
member of the Board and who shall
hold his position during the. pleasure
of the Board. The offices of Secre-
tary and Treasurer may be held by
the same person. A majority vote of
the entire Board shall be necessary
for the election of the aforesaid Off.
GERS.
Section 3. The Board of Directors
shall hold regular meetings, without
notice, on each Tuesday after the first
Sunday in January, April, July and
October, and shall hold special meet
ings when called for that purpose as
may be provided for in the bylaws.
Section 4. The Board of Directors
shall have general supervision and
control of the business of the com.
pany and shall employ such agents
and employees as they deem advis.
able, and shall prescribe the duties
and fix the compensation of all Off
GERS and employees. They shall de-
termine what bond if any may be re-
quired Of any and all officers or en-
ployees, pass on the acceptability of
the same, and shall audit the books
of the Manager and make a rigid in.
veStigatiOn of the business of the
company at least once every three
months.
Section 5. No member OF the Board
of Directors shall be allowed a vote
on any question in which he has any
personal interest conflicting with that
of the company as whole.
Article VI.
The duration of the existence of
this corporation shall be Fifty (5O)
years.
Article VII.
The highest amount of indebtedness
to which the corporation can at any
time subject itself shall be Twenty.
five Thousand ($25,OO0O0) Dollars.
Article VIII
The following officers shall con.
duct the business of the corporation
until the first meeting of the stock.
holders, or until their successors
shall be qualified:
President, A. F. Freimuth; Vice |
President. S. F. Rou: Secretary and
Treasurer, J. c.. Pfeil; Board of Di-
rectors, A. F. Freimuth. s. F. Rou, ].
C.. Pfeil, John Reiff, o. J. Enzer, F. H. |
Meffert, w. M. Shockley.
Article TX.
The names, places of residence and |
the amount of capital stock subscrib |
ed by each of the subscribers are as |
follows:
A. F. Freimuth, Lowell, Florida, 6 |
shares), $4,000.
S. F. Rou, Lowell, Florida, 6 shares) |
$4,000.
w. M. Shockley, Lowell, Florida, 6 |
shares), $4,000.
]. C. Pfeil, Lowell, Florida, 6 shares).
$4,000.
o. J. Enzor, Lowell, Florida, (5
shares), $4,000.
E. C. Gladney, Lowell, Florida, Is |
shares), $4,000.
F. H. Meffert, Lowell, Florida, 6
shares), $4,000.
B. o. Webb, Lowell, Florida, 6
shares), $4,000.
E. H. Hopkins, Reddick, Florida, 6 |
shares), $4,000.
J. F. Green, Lowell, Florida, Is |
shares, $4,000.
State of Florida,
County of Marion.
1 hereby certify that before me per.
sonally came A. F. Freimuth, S. F. |
Rou, W. M. Shockley, ]. C. Pfeil, o. |
J. Enzor, e. C. Gladney, F. III. Meffert,
B. o. Webb, E. H. Hopkins, ]. H.
Green to me well known and known
to me to be the persons who subscrib-
ed their names to the foregoing chart
err, and each of them acknowledged |
to me that he executed the same for
the purposes therein expressed and |
that he subscribed for the amount of |
capital stock set opposite his name.
further certify that I am a duly
commissioned Notary Public for the
State Of Florida at Large and that my
commission does net expire until the |
18th day of November, 1921.
Witness my hand and official seal
this 21st day of August, A. D. 1920.
(SeaD H. T. HALL, Notary Public.