The Ocala evening star., 1920-03-03
Charter Of Loneala Phosphnte comnan,

Charter of LoncaIa Phosphate COmuap~
We, the undersigned. hereby agree to
become associated together, and do
hereby associate ourselves together, for
the purpose of becoming a corporation
under the laws OF Florida by and Under
the provisions Of the statute of the
state of Florida providing for the for
nation Liabilities, rights, privileges and
immunities OF corporations for profit
with and under the following proposed
charter:
ARTICLE 1.
The name of this corporation shall be
LoncaIa Phosphate Company. It's prin-
eipal office and place of business Shah
i0e in the city Of Ocala, Marion county,
Florida, but the company may have
sch other Offices and places of bust
ness in the state Of Florida, or in other
states or foreign countries, as may be
from time to time authorized by 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
gaglng OF phosphate mineral. timber
and other lands, and the products of
the same; the digging, mining. quar-
r%ing, dredging, buying, selling, ex-
changing, mortgaging, marketing and
transporting of phosphate and other
mineral deposits, and the manufactur-
ing of the same into fertilizers and
other products; the purchasing, leasing
buying, selling, cutting. manufacturing
anu Trans porting Oh ClnlD6r lunlDer and
like property and the products thereof;
acting agents and brokers in the
conduct of like business and transac-
tions for others; the digging, dredging
streams Of the state of Florida phos-
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
"a ~ oil
essary and usual in and incident to the
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, ana pay
iol the same in casa, stock or bonds OF
the company, or otherwise; to issue
bonds, notes debentures or other Obli-
cations or the company from time to
time, and to secure the same by mort
gage, pledge, deed OF tru@ or otherwise,
ana also the subscribing for. acquiring,
buying, holding. selling and disposing
Of stock, snares, bonds and securities
in any corporation or corporations; ana
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 otner acts
anu Things, and to exercise any and all
other powers which a co-partnership or
natural person could 40 and exercise,
and whicn now or hereafter may be au-
tnorlZeQ Dy 4a"
ARTICLE III.
The amount of capital stock of this
olpOfaLIOn snaL De one nMIIion DOL
lars, oIVlued into ten Thousand shares
or the par value of one hundred dollars
eacn. All payments OF STOCK ana or
interest money snaIl be made in lawful
money of the United States OF Amer
lea; provided, however, that the cap
..aI siocA OF saI4 eorporauon' or any
part thereof, shall be paya bic in prop
cry, laUor or services, al just Valua-
IIon, to be nXe0 by the incorporatorS or
by the directors at a meeting called for
such purpose. Properly, LABOR or serV-
ices may also be purchased and paid
for with capital stock at just VaIua-
to be fixed by the directors of the
company at a meeting called for sucn
purpose.
This corporation shall have perpetu-
ARTICLE V.
The business of this corporation
shall be conducted by board OF six
directors. The board of directors shall
select from themselves president,
Vice-pres 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
the city of Ocala, Florida, for the pur-
pose OF completing the organization of
the corporation and adopting bylaws
and transacting 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
Monday in April of each and every
year, at which the 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-
ticable. Until a board of directors shall
have been first duly chosen by the
stockholders, the business of the said
corporation shah be conducted by the
following named officers: