The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-02-13
NOTICE or INTENTION TO APPLY
FOR LETTERS PATENT

of Florida, at Tallahassee, Florida,
on the 10th day Of March, A D., 1920,
for letters patent to be Issued to
FRANKS, INCORPORATED, under
the following articles of incorpora-
ton, the original of which is on file
in the office of the secretary of state
of Florida. at Tallahassee, Florida,
during the period required for the
publiction Of this notice.
/ MARCUS FRANK.
WINNIE HUNT.
MAX ISRAELSON.
Proposed Charter and Articles Of In.
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 I.
| Name
| The name of this corporation shall
! be FRANKS, INCORPORATED, and
its principal place of business shall
be at Ocala, Marion county, Florida !;
provided, however, the board of di-
jrectors 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-
tterhine to be necessary and proper
for the conduct of the business of
this corporation.
ARTICLE II.
Business
The general nature of the business
Tor businesses to be transacted by this
corporation shall be as follows, to-
wit:
1. To conduct a general mercantile
business in Ocala, Florida, and at
such other places as the board of di.
rectors may decide; to buy and sell
all kinds of merchandise, either at
wholesale or retail.
2. To purchase, own, sell, lease.
deal in and dispose of all kinds of
real and personal property.
8. To enter into, make, perform
and carry out contracts with any per.
son, firm association or corporation.
/ A. To issue bonds, notes, deben.
ltures or other obligations of the com.
Ipany 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.
Imerated.
ARTICLE III.
Capital Stock
The amount of the authorized CAPT
tai stock OF this corporation is FIFTY
I THOUSAND DOLLARS 1850, 900. COZ,
ldivided into Five Hundred Shares,
leach of the par value of One Hundred
Dollars, ($100.00) all or any part of
the capital stock of the said corpora.
ton, including the stock herein sub
lscribed for by the incorporators, may
be payable either in lawful money of
1.-THE United States of America, or may
be payable in and issued for the pur.
lchase of property, labor or services at
a 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
lbe President, Vice President, a
lSecretary, and Treasurer, to be
detected by the board of directors, and
la board of directors, consisting of not
Jess 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
Ioffices except the offices of President
and Vice President. The annual meet
lings of this corporation shall be held
on the second Tuesday In January OF
leach year. The following named off
GERS shall conduct the business of this
Incorporation until those elected at the
first annual meeting shall qualify:
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
Il The highest amount of indebted
mess or liability for which this corpor
lation may at any time subject itself
lis Fifty Thousand Dollars ($5O,0OO .00l
ARTICLE VII.
Subscribers
The names and residences of the
subscribers and the amount of the
capital stock subscribed for by each
lare as follows:
Names Residence No. of Shares
Marcus Frank, New York, N. Y.
eighty (80)
Winnie Hunt. Ocala, Florida,
ten (1O)
Max Israelson. Ocala, Florida,
ten (1Ol
Estate of Florida,
County of Marion:
| On this day personally came before
me Marcus Frank, Winnie Hunt and