The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1920-03-31

THOMAS SEXTON.
TIMOTHY F. FAY.
Charter of LOncaIa Phosphate COMPANY
| We, the undersigned. hereby agree tol
| become associated together, and dol
| hereby associate ourselves together, for
| the purpose of becoming & corporation
/ under the laws of Florida by and Under
| the provisions Of the statute of the
! nation. liabilities. rights, privileges and
| immunities of corporations for profit,
with and under the following proposed
tcharter:
ARTICLE 1.
The name Of this corporation shall be
Loncala Phosphate Company. It's prin-
cipal office and place of business shall
Iibe in the city of Ocala, Marion county,
Florida, but the company may have
such other Offices and places of bust
ness in the state of Florida, or in other
from time to time authorized by it's
board of directors.
ARTICLE IL
The general nature of the business
to be transacted by the said corpora
ton. shall be the business Of leasing,
buying, selling. exchanging and mort
Igaglng OF phosphate, mineral. timber
the same; the digging, mining, quar-
rying, dredging, buying, selling, ex-
changing, mortgaging, marketing and
mineral deposits, and the manufactur-
ing of the same into fertilizers and
|, other products; the purchasing, leasing,
buying, selling, cutting. manufacturing
and transporting of timber lumber and
like property and the products thereof;
acting as agents and brokers in the
| conduct of like business and transac-
tions for others; the digging, dredging
and removing from the navigable
phate and other mineral deposits in
said streams, under the laws of the
state of Florida; the owning of all
other property of every nature and de-
| q HSnal
or expedient in the conduct OF said bus
mess, and the doing of all things nee
business or businesses aforesaid to &C
quire and undertake the good will
property, rights, franchises and assets
T of every kind. and the liabilities OF any
= persons, firm, association or corpora
ton, whether wholly or partly, and pay
for the same in cash. stock or bonds OF
bonds, notes debentures or other obi.
legations of the company from time tC
gage, pledge, deed Of trust or otherwise
and also the subscribing for. acquiring
buying, holding, selling and disposing
of stock, shares, bonds and securities
in any corporation or corporations; anC
also to do any and all businesses OF
things before mentioned, either separ
ately or in combination, for the purpose
of attaining or furthering any of it:
| objects, to do any and all other act:
and things, and to exercise any and al
other powers which co-partnership o.
| natural person could do and exercise
and which now or hereafter may be au
thorized by law.
ARTICLE III.
= The amount of capital stock of thi
II corporation shall be one million dol
lars, divided into ten thousand share
of the par value of one hundred dollar
II interest money shall be made in Lawful
III money of the United States of Amer
/ lea; provided, however, that the cap
II ital stock of said corporation, or an.
4 thereof DaYaDl0
II erty, labor or services, at a. just valua
| ton, to be fixed by the incorperators o
Il by the directors at a meeting called 10
III such purpose. Property, labor or serv
III ices may also be purchased and pal
| for with capital stock at just vaiua
| ton of such property, labor or services
| 20 be fixed by the directors OF tn
company at a meeting called for sucl
1 purpose.
This corporation shall have perpetu
4 al existence.
ARTICLE v.
The business of this corporation
shall be conducted by board or 81;
| directors. The board of directors shall
| select from themselves president,
| vice-president, secretary and treasurer
One person may hold the office of sec
| rotary and treasurer. Said board o
directors shall have authority to ap
point all necessary agents of this cor
/ poration shall be held on the 18th da
of April, 1920, at ten o'clock a. m, a
l the office of William jennings In tn
Holder building, South Main street il
4 the city of Ocala, Florida, for the pur
| pose Of completing the organization o
4 the corporation and adopting bylaw
1 and transacting all the business whic
may come before the meeting. The an
| nual meeting of the stockholders Of thi
I corporation shall be held on the secon
| Monday in April Of each and ever
| year, at which the board of director
/ shall be duly elected by the stockho1d
| ers. The bylaws for the government
of this corporation shall be adopted a
the first annual meeting Of the stock
| holders, or as soon thereaft eRras prac
1 ticable. Until board of directors shal
have been first duly chosen by tn
stockholders, the business of the sal
corporation shall be conducted by tn
] following named officers:
William Jennings, President,
/. William J. Farmer, Vice-President,
Timothy F. Fay. Secretary and Treas
% urer, and William Jennings, William ,
q Farmer, Thomas Sexton, Emanuel
Martin and Timothy F. Fay shall con
stitute board OF directors.
by said officers until the first annua
o meeting of the stockholders.
ARTICLE VI
The highest amount OF indebtedness
or liability to which this corpOratio
Q can, at any time subject itself. Is on
o million dollars.
ARTICLE VII.
The names and residences of the sub
o scribers to these articles OF incorpora
ton, together with the amount Of cap
ital stock subscribed by each, are q
follows:
. William Jennings, London, England
992 shares.
o William J. Farmer. Savannah, Geor
. Emanuel H. Martin. OcaIa. Florida,
shares.