The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-02-20


said state of Florida.
Witness our names this 18th day of
February, A. d., 1920.
r. i. BRYAN.
E. M. ROBINSON.
j M. FENNELL.
T. ]. KEMP
B. J. BENSON.
JAS. T. RAWLS.
Proposed Charter of The Citizens
Bank of DunneIIon
The undersigned incorporators
hereby associate themselves together
for the purpose of becoming incorpor-
ated and forming a corporation under
and by virtue of the laws OF the state
of Florida, with and under the fol-
lowing proposed charter:
/.
The name of the corporation shall
be the Citizens Bank of Dunnellon,
and its place of business shall be in
the city of Dunnellon, in the county
of Marion, and state of Florida.
H.
The general nature of the business
to be transacted shall be that of Il
general banking business, with pow
ers incident thereto, as provided by
the statutes of the state of Florida.
III.
The amount of the capital stock of
said corporation shall be $4,000, to
be divided into 800 shares of the par
value of One Hundred Dollars ($1005
each, to be paid in cash.
w.
The term for which said corpora
ton shall exist shall be ninety-nine
years.
v.
The business of the said corporation
shall be conducted by the following
officers:
A president, one or more vice pres.
idents, a board of six directors, a
cashier, and such other officers and
employees as the corporation may au-
thorize. The board of directors may
appoint subordinate officers and en-
ployes, with such powers, duties and
terms of office as they may prescribe,
or as may be provided by the bylaws,
not inconsistent with the banking
laws.
VI.
The directors shall be elected by
the stockholders at each annual meet
ing. All other officers and employees
shall be elected annually by the board
OF directors. The annual meeting of
the stockholders shall be held on the
second Wednesday of January in each
year.
Until the officers elected at the first
annual meeting of the stockholders
shall be qualified, the business of said
corporation shall be conducted by the
following named officers:
r. L. Bryan, President.
B. j. Benson, First Vice President
]. NJ. Fennell, Second Vice Presi
dent.
v. S. Phillips, Cashier.
r. L. Bryan, B. Benson, J. NJ. Fen
nell, T. J. Kemp, Jas. T. Rawls and
E. M. Robinson, directors.
VIII.
The highest amount of indebted
ness or other liability to which the
said corporation shall at any time
subject itself shall be as limited and
defined by Section 2712, of the Gen
eral Statutes of the State of Florida
TX.
The names and residences of the
subscribers, and the amount of CAPT
tai stock SUBSCRIBE by each, are as
follows:
r. L. Bryan, Dunnellon, Fla,
100 shaes
B. j. Benson, Dunnellon, Fla,
40 shares
]. NJ. Fennell, Gainesville, Fla,
so shares
T. j. Kemp, Dunnellon, Fla.
so shares
Jas. T. Rawls, Dunnellon, Fla,
80 shares
e. M. Robinson, Dunnellon, Fla,
100 shares
State of Florida,
County of Marion:
Before me, the undersigned notary
public in and for the state of Florida
at large, personally appeaed r. Z,
Bryan. B. J. Benson, j. III. Fennell
II. J.Kemp, Jas. T. Rawls and e. M
Robinson, all to me well known to be
the individuals described in and who
executed the foregoing proposed
charter of the Citizens Bank of Dun
Mellon, and each being duly sworn
severally acknowledged that he exc
cuted the same for the uses and pur
poses therein expressed.
In witness whereof have hereuntG
set my hand and AFFIXED my notarial
seal this the 18th day of February. A
D., 1920.
(Seal.) ROBT. G. BOWERS,
Notary Public. State Of Florida
My commission expires March II,
92i. 2-20-5t.