The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1920-08-20
NOTICE

7th day Of September, 1920, the under
signed intend to apply to the Governor
OF the Staterof Florida at the Capitol,
In Tallahassee, Florida, for letters
patent upon the following proposed
charter of
The Farmers Cooperative Association
of Marion County
(Signed)
Fl. l.. Shearer,
f. H. Meffert,
G.. A. Waters,
A. S. Pickett.
The proposed charter ofGsaid cor
poratiOn is as follows:
ARTICLE 1
SECTION /. The name of this cor
poratiOn shall be THE FARMERS
COOPERATIVE ASSOCIATION OF
MARION COUNTY.
SECTION 2. It's principal place of
business shall be at Ocala, in Marion
county, Florida, but it may establish
such other place or places of business
within the State of Florida as it may
deem proper.
ARTICLE II
SECTION l. The general nature OF
acted by this corporation is as fol
lows:
To engage in and carry on a general
wholesale and retail merchandise
business, such as buying, selling and
shipping, and to engage in and carry
on any and all other trade Of mer-
chants, on the profit-sharing, coop
erative plan; and to instruct its mem
bera. its patrons and the general pub
lie on the principles OF cooperation
in business.
To buy, sell and otherwise deal in
real estate and to act as real estate
agents or brokers'; TO own, operate
and maintain all kinds Of agricultural
and horticultural enterprises; to buy,
sell and otherwise deal in all kinds Of
farm products and any other personal
property; to 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
convenient to be carried on in con-
nection with any Of the foregoing pur-
poses, or calculated directly or in
directly to promote or enhance the
value of its property, or to promote
the principles Of cooperative bust
ness; to loan money for itself Or
others, taking such security as it may
deem proper, and to act as trustee,
agent or receiver.
Without in any way limiting or
restricting any Of the objects and
powers of the corporation, it 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 it's bust
ness: to mortgage or to pledge any
property which may be acquired by
it; to acquire any bonds, guarantees
or other obligations by it issued or
incurred; to make and perform con-
tracts of every kind and description;
and in carrying on it's 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 OF
hereafter may be permitted by law.
ARTICLE III
SECTION l. Each stockhoIder of
this corporation shall be a man or
woman of good moral character and a
member of the Farmers Educational
and Cooperative Union of America.
ARTICLE ".
SECTION 1. The capital stock Of
this corporation shall be Twenty
Thousand ($2O,000.0O) Dollars, which
shall be divided into Two Thousand
10000 shares of the par value Of Ten
Dollars $4,000 each, the same to be
paid at such times and in such
amounts and in 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
5000 shares of the stock of the cor
poration.
SECTION 2. Shares of stock shall
be worcestershire and shall be non
transferable except by being sur
rendered to the corporation, and new
shares being issued to the purchaser,
who by accepting the same agrees to
submit and adhere to all the bylaws
and rules of the corporation.
SECTION 5. This corporation re-
serves the right to purchase any and
all shares of stock that are offered for
sale, and shall have the power to pass
on the acceptability and qualifications
for membership of any would5be pur-
chaser.
SECTION 4. No certificate Of stock
shall be valid unless signed by the
President or the Vice-President and
the Secretary.
ARTICLE V.
SECTION !. A Board Of Directors,
seven in number, shall be elected by
the stockholders, by ballot, at their
regular annual meeting in january of
each year, and each member of such
Board shall hold office for one year
or until his successor is duly elected,
No one may be considered elected as
a member Of the Roard nf Dircaforc