The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-09-10

tgood 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
President, a Vice-President, a 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 pleasurs
of the Board. The offices OF Score
tary and Treasurer may be held by
the same person. A majority vote OF
THE entire Board shall be necessary
Tor 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
4 Sunday in January, April, July and
I October. and shall hold special meet:
ings when called for that purpose as
may be provided for in the bylaws.
section l. The Board of Directors
shall have general supervision and
control Of the business Of the com.
Ipany and shall employ such agent.
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-
rermine what bond if any may be re.
CURED OF any and all officers or EN-.
/ pioyees pass on the acceptability OF
/ the same, and shall audit the books
/ OF the Manager and make rigid in,
vestigation 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
ION any question in which he has any
I personal interest conflicting with that
Iof the company as a whole.
Article vi.
The duration of the existence of
this corporation shall be Fifty (50)
years.
Article WI.
The highest amount Of Indebtedness
to which the corporation can at any
time subject itself shall be Twenty
five Thousand ($25,000.00) Dollars.
Article VIII
The following officers shall con.
{
until the first meeting of the stock.
holders, or until their successors
shall be qualified:
President AFT. Freimuth; Vice
President, S, f. Rou: Secretary and
Treasurer. ]. C. Pfeil; Board of Di-
rect0rs, A. F. Freimuth, s. F. Rou, ].
=. G. Pfeil John Reiff, 0. J. Enzer, T. II.
Meffert, w. NJ. Shockley.
Article TX.
The names, places OF residence and
the amount of capital stock subscrib-
ed by each of the subscribers are as
follows:
A. f. Freimuth. Lowell, Florida, g
shares), $4,000.
/ S. r. Rou, Lowell, Florida, 6 shares),
$1,000.
w. NJ. Shockley, Lowell, Florida, Go
shares). $4,000
]. c. Pfeil, Lowell, Florida, Is shares),
| $4,000
/ @. ]. Enzor, Lowell, Florida, 6
shares), $4,000.
Z. c. Gladney, Lowell, Florida, o
F. HIN f. Mefl sSt.'y Lowell, Florida g
shares), $4,000.
B. O. Webb, Lowell, Florida, g
sharesl, $4,000.
E. II. Hopkins Reddick, Florida, @
shares), $4,000.
IJ. F. Green, Lowell, Florida, 6
shares), $4,000.
State OF Florida,
1 County of Marion.
l hereby certify that before me per
Isonally came A. T. Freimuth, S. F.
Rou. W. VI. Shockley, j. c. Pfeil, o.
]. Enzor, e. C. Gladney, F. H. Meffert,
3. o. Webb, e. H. Hopkins, ]. H.
Green to me well known and known
to me to be the persons who subscrib-
ed their names to the foregoing chart
er, and each of them acknowledged
to me that he executed the same for
the purposes therein expressed and
that he subscribed for the amount of
capital stock set opposite his name.
/ further certify that | am a duly
commissioned Notary Public for the
State of Florida at Large and that my
commission does net expire until the
18th day of November, 1921.
Witness my hand and official seal
this 21st day of August, A. D. 1920.
(SeaD H. T. HALL, Notary Public.
o