The Ocala evening star., 1920-03-17
Charter of LoncaIa Phosphat. Gamma.

Charter of IOncaIa Phosphate COmnanx
We. the undersigned. hereby agree 70
| pecome associated together and do
nereoy associate ourselves together, for
the purpose or becoming a corpora tion
| under the laws of Florida by and Jnder
the provisions of the statute Of the
state or Florida providing for the for
natlon: liabilities. rights, privileges and
immunities of corporations for profit
with and under the following proposed
| charter:
The name of this corporation shall he
LoncaIa phosphate Company It's prin-
6lpaI othce and place of business shall
be in the city of Ocala, Marion county
Florida, but the company may have
such other Offices and places Of busi-
states or foreign countries as NAV he
from TIME to time authorized bV its
board of directors.
ARTICLE ii.
The general nature of the business
TO be transacted by the said corpora
tlon shall be the business Of leasing
buying, selling, exchanging and mort
gaging of phosphate. mineral. timber
and ahe other other lands; th and the products of
rying, dredging. buying, selling, ex-
changing, mortgaging, marketing and
mineral deposits, and the manufacture
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-
scription that may be necessary, usual
or eXpedient in the conduct of said bus
| mess, and the doing of all things nee
aS 1TU and In md Il
business or businesses aforesaid to ac-
quire and undertake the good will,
property rights, franchises and assets
| 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
| the company, or otherwise; to issue
| bonds, notes debentures or other obli-
| cations of the company from time to
time, and to secure the same by mort
| 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; and
| also to do any and all businesses or
| things before mentioned, either separ-
| ately or in combination, for the purpose
| of attaining or furthering any of its
| objects, to do any and all other acts
other powers which co-partnership or
| 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 this
| corporation shall be one million dol
| lars, divided into ten thousand shares
| of the par value of one hundred dollars
| each. All payments of stock and of
| interest money shall be made in lawful
money of the United States of Amer
| lea; provided, however, that the cap
| ital stock of said corporation, or any
| part thereof, shall be payable in prop
labor % e5 or r fn at 1%St
! by the directors at meeting called for
such purpose. Property, labor or serY5
| for with capital stock at a just valua-
| tion of such property, labor or services,
| to be fixed by the directors of the
| company at meeting called for such
ARTICLE w.
This corporation shall have perpetu-
ARTICLE v.
The business of this corpora ton
| shall be conducted by a board of six
| directors. The board of directors shall
select from themselves a president, a
| Vice-pre ident, secretary and treasurer.
| One person may hold the office of sec
| retary and treasurer Said board OF
| directors shall have authority to ap-
| point all necessary agents OF this cor
| poration. The first meeting of the cor
| poration shall he held on the 18th day
of April. 1920. at ten o'clock a. M, at
| the office of William Jennings, in the
Holder building, South Main street. in
| pose of completing the organization of
I the corporation and adopting bylaws
| and transact citing all the business which
may come before the meeting. The an
| nual meeting of the stockholders of this
| corporation shall be held on the second
Year. % at w Whieh : the M board Of directors
| shall be duly elected by the stockhold-
| ers. The bylaws for the government
of this corporation shall be adopted at
| the first annual meeting of the stock
| holders, or as soon thereafter as prac-
! ticabIe Until a board of directors shall
4 h,ary 6rS
| stockholders, the business of the said
| corporation shall be conducted by the
| following named officers:
William Jennings, President,
| William J. Farmer, Vice President,
| Timothy F. Fay. Secretary and Treas
urer, and William Jennings. William J
!, Farmer, Thomas Sexton, Emanuel H
Martin and Timothy F. Fay shall con-
| stitute board of directors.
! Temporary bylaws may be adopted
by said officers until the first annual
meeting of the stockholders.
| ARTICLE VI.
| The highest amount OF Indebtedness
| or liability to which this corporation
| can, at any time subject itself, is one
million dollars.
| The names and residences of the sub
| Scribers to these articles of incorpora-
| tion, together with the amount OF cap
ital stock subscribed by each, are as
| follows:
| William jennings. London, England,
William J. Farmer, Savannah, Geor-
gia, shares.
Emanuel H Martin. Ocala, Florida, 2
| shares.
Thomas Sexton, ocala. Florida. p
shares.
Timothy f. Fay, New York. New
! York ? shares.
ARTICLE VIII.
The seal of this corporation shall be
| a circular impression stamp bearing in
| the center the words SEAL 1920" and
around the circumference, the words.
| "LONCALA PHOSPHATE COMPANY"
| In witness whereof, We have hereun-
to set our hands this the 25th day Of
| February, A. d. 1920.
| WILLIAM JENNINGS
WILLIAM j. FARMER
| EMANUEL H. MARTIN
| THOMAS SEXTON
| TIMOTHY F. FAY