The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-08-13


of Intention % Apply For letters
Patent
Notice - hereby given that on the
sth day 81 September. 1920. the under.
hlTned intend 20 apply 10 the Governor
az The sfatesof Florida az the Capitol.
IN Tallahassee Florida. FOR letters
patenf upon the following proposed
charter uf
Tire Farmers Cooperative Association
% Marion County
tsienedl
III l.. Shearer.
~ Al Meffert.
g. A Waters.
A. 8 Pickett.
The proposed charter OF said cor.
poration Is AZ follows.
ARTICLE
SECTION I. The name OF this cor
poFmfion shall BE- THE FARMERS
COOPERATIVE ASSOCIATION OF
MARION COUNTY.
SECTION 2. Its principal place Of
business shall be at 0cala. In Marion
county. Florida. bat Il may establish
such other place OF places OF business
within the state OF Florida as Il may
ueem proper
ARTICLE N
SECTION 4. The general nature of
che business or businesses 90 be trans.
acted BY this corporation Is as fol.
lows
To engage On and carry on q general
wholesale amt retail merchandise
business. such - buying. selling and
shipping. aud 20 engage I'm and carry
on any and all other trade OF mer-
chants. on the profit-sharing. coop
efatlve plan; and 20 instruct Us mem
bera. IT, patrons and the general pub
ie on the principles Of cooperation
Ia business.
TO buy. sell and otherwise deal In
real estate and 60 act as real estate
agents or brokers: % own. operate
and maintain all kinds of agricultural
and horticultural enterprises: TO buy.
sell and otherwise deal I'm all kinds OF
farm products and any other personal
property; 60 contract and be contract
ed with In reference TO any OF the
legitimate purposes for which the
corporation is created: TO carry on
any other business whatsoever which
the corporation may deem proper or
necti0n with any OF the foregoing pur-
poses. or calculated directly or in
directly 90 promote or enhance the
value Of It's property. or TO promote
the principles of cooperative bust
ness: 90 loan money for itself or
others. taking such security as IL may
deem proper. and 10 act as trustee,
agent or receiver.
Without In any way limiting or
restricting any Of the objects and
powers OF the corporation. II is here
By expressly declared that the corpor-
alton shall have power to issue bonds
and other obligations in payment for
property purchased or acquired by it,
for money borrowed. or for any other
lawful object In and about its bust
ness: TO mortgage or to pledge any
property which may be acquired by
&C.: to acquire any bonds. guarantees
or other obligations by IL issued or
incurred 20 make and perform con-
tracts OF every kind and description;
and in carrying on its business. for the
purpose of attaining or furthering any
OF its objects or purposes. to do any
and all other things and exercise any
and all other powers which now OIL
hereafter may be permitted by law.
ARTICLE III
SECTION 1. Each stakeholder of
this corporation shall be a man or
woman OF good moral character and
member OF the Farmers Educational
and Cooperative Union OF America.
ARTICLE Nv.
SECTION 1. The capital stock of
this corporation shall be Twenty
Thousand ($20.000.00) Dollars. which
shall be, divided into Two Thousand
t2.OO0l shares of the par value of Ten
Dollars $4,000 each. the same to be
paid at such times and in such
amounts and i'm such ways as the
Board OF Directors may prescribe, A
part OF such capital stock. to be fixed
by the Board OF Directors, may be
paid in property. labor or services. at
just valuation To be fixed by the
Board of Directors at a meeting call
ed for such purpose. No member
shall hold more than Two Hundred
l200) shares of the stock M the cor.