The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-08-27
Legal Advertisements


uess. but no officer or employee may
Be considered elected who receives
less than a majority vote OF the en-
tire Board.
SECTION 4. The Board OF Direct
Ors shall hold regular meetings, with
out notice. on each Tuesday before
the first Sunday In January, April,
July and October. and shall hold spe-
cial meetings when called for that
purpose as provided by the bylaws
Of the corporation.
SECTION 5. The Board OF Direct
0rs shall have general supervision
and control OF the business OF the
corporation and shall employ such
agents and employees as they deem
advisable. and prescribe duties anu
fix the rate OF compensation OF All
officers and employees. they snaI
decide what bond is required or any
and all officers or employees, pass on
the acceptability OF the same, and
shall audit the books OF the Manager
and make a rigid investigation OF the
business at least once every SIX
months.
SECTION 6. No member OF the
Board OF Directors shall be allowed
a vote on any question in which ne
has any personal interests conflicting
with that OF the corporation.
ARTICLE vi.
The duration OF the existence OF
the corporation shall be nifty (oO
years.
ARTICLE VII.
The highest amount OF Indebted
ness 20 which the corporation can at
any time subject itself shall be One
Hundred Thousand (sl00,000.00) Dol.
lars
ARTICLE Will
The following officers shall conduct
the business OF the corporation until
the FIRST meeting of the stockholders,
or until their successors shall be quail
lhed
President. II. l.. Shearer.
Vice President. A. 5. Pickett.
Secretary. r II. Mefert.
Treasurer. F. II. Meffert.
Board Of Directors: II. L, Shearer
A. =. Pickett. r. H. Meffert. C. NJ.
earn. A. r. Griffin. G. A. Waters,
W. Luuman.
ARTICLE TX
The names. place OF residence an6
the amount OF capital stock subscrib.
80 by each Oe the subscribers, are az
follows
4 h. Gufey. Ocala. Fla. Is shares.
Geo. W Brant, Sr., Electra Fla,
shares
~ C. Heseman, Lowell. Fla. 1C
shares
J y Lunman. 0cala. Fla. 2 shares.
III L. Shearer. oeala. Fla. as shares.
W O FUR. ocala. Fla. share.
J. e. Fore. Ocala. Fla. l share.
" NJ sutherland. ocala. Fla. 20
shares
T ~ phillips. Ocala. Fla. 5 shares.
Louis 7. Gutschlag. Martin. Fla. 5
shares
E +. Perkins. 0cala. Fla. / share.
1 y Virgins. Ocala. Fla. 3 shares.
p. T. Wilson. Oak. Fla. share.
& NJ. earn, Reddick. Fla. 10 shares
p a. Mefert. Lowell. PA. 20 shares.
A : Pickett, 0cala. Fla. 40 shares.
q. A. Waters. oklawaha. Fla. 10
shares.
- ~ ~MNakeft Otaia. Fla, 10 shares.
STATE or FLORIDA.
COUNTY OF MARION:
hereby certify that before me per-
sonaiiy came f. b. Guffey, Geo. w.
brant. Sr., H. &. Heseman. J. +. LUZ.
man, IA. l.. Shearer. w. o. Furr. j. C.
Fore. W NJ. Sutherland. T. NJ. Phillips,
Louis T. Gutschlag. +. +. Perkins. 7.
y Virgins. p. r. Wilson. c. NJ. earn,
=. "a. Meffert. A. 8. Pickett. G A.
Waters and J. r. Shearer. TO me well
known and known 90 me 20 be the per-
sons who subscribed their names to
the foregoing charter. and each OF
them acknowledged TO me that he exc
cuted the same for the purposes there
In expressed and that he subscribed
Cor the amount OF capital stock set
opposite his name.
further certify that | am a duly
Notary Public for the
state OF Florida at large and that my
does not expire until the
nth day OF March. 1928.
Witness my hand and official seal
this End day Of August. 1920.
Notary Seal1 GLOVER W. MILLER,
Notary Public. State OF Florida at
l.aree SYST