The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-03-05
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
Iof incorporation.
ARTICLE 1.
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-
Irectors may establish other branches
or places of business or offices at
such other points within the state of
Florida or elsewhere as they may de-
termine 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:
l. To conduct 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.
4. To issue bonds, notes, deben.
lures or other obligations of the com.
|pany 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 OF businesses above emu.
merated.
ARTICLE III.
Capital Stock
The amount of the authorized CAPT.
tai stock of this corporation is FIFTY
THOUSAND DOLLARS ($50,000.00),
divided into Five Hundred Shares,
each of the par ,alue of One Hundred
Dollars, ($100.0Cl; all or any part of
the capital stock of the said corpora.
ton, including the stock herein sub.
scribed for by the incorporators, may
be payable either in lawful money of
the United States of America, or may
be payable in and issued for ths .pLI-
chase 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 mine years.
ARTICLE v.
OFFICERS
The officers of this corporation,
who shall conduct its business, shall
be President, a Vice President, a
Secretary, and Treasurer, to be
elected by the board of directors, and
board of directors, consisting of not
less 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
offices except the offices of President
and Vice President. The annual meet.
ings of this corporation shall be held
on the second Tuesday in January Of
each year The following named Off.
GERS shall conduct the business of this
corporation until those elected at the
first annual meeting shall qualify:
President, Marcus Frank; Vice Pres
ident, Winnie Hunt: Secretary AID
Treasurer, Max Israelson; Board of
Directors, Marcus Frank, Winnie
Hunt and Max Isra4lson.
ARTICLE VI.
indebtedness
The highest amount of indebted
ness or liability for which this corpor
alton may at any time subject itself
is Fifty Thousand Dollars $3.50, .00)
ARTICLE VII.
Subscribers
The names and residences of the
subscribers and the amount Of the
capital stock subscribed for by each,
are as follows:
Names Residence No. of Shares
Marcus Frank, New York, N. X.
eighty (S0.)
Winnie Hunt, Ocala, Florida.
ten (1O).
Max Israelson, Ocala, Florida,
ten t10)
State of Florida,
County of Marion:
On this day personally came before
me Marcus Frank, Winnie Hunt and
Max Israelson, each to me well