The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-09-17

good excuse, snail be cause for the
President to declare his office vacant.
Section q The Board of Directors
shall meet within three days after
their election and at such meeting
shall choose from their own number
La President, Vice-President, Secre-
tary and a Treasurer, and shall also
choose a 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-
quffed 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.
vestlgation Of the business of the
company at least once every three
Section 5. No member of the Board
OF Directors shall be allowed vote
on any question in which he has any
personal interest conflicting with that
OF the company as a whole.
Article vi.
The duration of the existence of |
his corporation shall be Fifty (5O) |
years.
Article VII.
The highest amount of Indebtedness
o which the corporation can at anv
line subject itself shall be Twenty
i've Thousand (S25,000.00) Dollars.
Article VIII
The following officers shall con
tUct the business of the corporation
Until the first meeting of the stock
iolders, or until their successors
hall be qualified:
President, A. F. Freimuth; Vice.
S. F. Rou: Secretary and
Treasurer, J. c. Pfeil: Board of Di-
ectors, A. F. Freimuth S. F. Rou, J.
:. Pfeil, John Reiff, o. ]. Enzer, F. H.
Ieffert, W. M. Shockley.
Article TX.
The names, places of residence and
be amount of capital stock subscrib-
d by each of the subscribers are as
Ollows
|. F. Freimuth, Lowell, Florida, 6
shares, $4,000.
!. F. Rou, Lowell, Florida, 6 shares),
$4,000
V. M. Shockley, Lowell, Florida, 6
shares), $4,000. Il
G. Pfeil, Lowell Florida, 6 shares),
$4,000
}. ]. Enzor, Lowell, Florida, (5
shares), $4,000.
i c. Gladney, Lowell, Florida, Is
shares), $4,000.
). H. Meffert, Lowell, Florida, Is
shares), $4,000. I
!. o. Webb, Lowell, Florida, 6 III
shares, $4,000.
!. Fl. Hopkins, Reddick, Florida, (5
e1sresll, $4,000,
F. Green, Lowell, Florida, &c
sLares), $4,000.
tate of Florida, ~
ounty of Marion. -
l hereby certify that before me per-
'nally came A F. Freimuth, S. F.
on, w. M. Shockley, ]. G. Pfeil, o.
Enzor, E. G. Gladney, F. H. Meffert,
0. Webb, e. H. Hopkins, j. H.
reen to me well known and known 3
} me to be the persons who subscrib
their names to the foregoing chart
:, and each of them acknowledged
me that he executed the same for
e purposes therein expressed and
at he subscribed for the amount of
lpital stock set opposite his name. !.
| further certify that | am a duly !
Notary Public for the
ate OF Florida at Large and that NV !
'mmlssion does net expire until the
IN day of November, 1921.
Witness my hand and official seal
is 21st day of August, A. d. 1920. :
(SeaD H. T. HALL, Notary Public.
Q OF -