The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-09-03
The farmers Storage and Packing
Company

The Farmero' Storage and Packing
Company
Section g. It's principal place OF
business shall be at Lowell, in Marion
county, Florida, but 1t may establish
such other place or places OF bust.
ness as branches OF its main business
In other parts of the State Of Florida.
Article II.
Section /. The general nature OF
the business or businesses to be
transacted by the corporation is as
follows:
To buy, sell, store and pack fege-
tables and farm products; to buy,
manufacture and sell crates and crate
material for the packing of fruits and
vegetables; to manufacture and deal
in mill feed; to engage in the bust
ness of weighing and inspecting and
to install scales for such purpose and
to exact tolls for the same; to ac-
quire, build, own and operate tele.
phone lines and exchanges; to buy
and sell and otherwise deal in live
stock; to manufacture, buy and sell
fertilizers; to conduct an automobile
repair and garage business; to &C
quire, hold, own and dispose of real
estate, to engage in any other kind
of business connected with or Incl
dent to the storage and marketing of
farm products, and in carrying on its
business, for the purpose of attaining
or furthering any of its objects OF
purposes, to do any and all things
and exercise any and all other powers
which now or hereafter may be per
mitted by law.
Article III.
Each stakeholder of this corpora
ton shall be man or woman of good
moral character and a member of the
Farmers Educational and Co-opera
tive Union of America.
Article w.
Section 1. The capital stock of this
association shall be Five Thousand
($5,000.00) Dollars, which shall be d.
vided into Five Hundred 5000 shares
Of the par value Of Ten $4,000 Dol
lars each, the same to be paid at such
time and in such amounts and in such
ways as the Board of Directors may
prescribe. No stakeholder shall own
more than Fifty (5O) shares of said
stock.
Section 2. Shares of stock shall be
worcestershire and shall be non-trans-
ferable except by being surrendered
to the Company and new shares being
issued to the purchaser, who by &C
cepting the same agrees to all the
rules and bylaws of this company
The Company reserves the right to
purchase all shares of stock that are
offered for sale and the Board of Di-
rectors shall have the power to pass
on the acceptability of any would-be-
purchaser Of stock.
Article v.
Section /. A Board of Directors,
seven in number, shall be elected by
the stockholders, by ballot, at their
regular annual meeting in July OF
each year, and each member shall
hold office for one year or until his
successor is duly elected. A majority
vote of the stockholders voting shall
be necessary for the election of each
member of the Board. Absence of
member of the Board from two con-
secutive meetings of the Board,
whether regular or special, without
good excuse, shall be cause for the
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
a President, Vice-President, Secre-
tary and a Treasurer, and shall also
choose a Manager who need not be
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
PSAhS anu ouoAl C1hplOy 0uCu 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 rigid in.
yestigation 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 a whole.
Article vi.
The duration of the existence OF
this corporation shall be Fifty (50l
years.
Article VII.