The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1921-08-23

Said capital stock shall be paid for as
follows: Ten per cent. shall be paid
within ten days after letters patent
shah have iOeen granted, and before
said corporation shall transact any
business: the remainder thereof shall
be paid in such instalIments and within
such time as may De designated by the
board of directors and on ten DAYS no.
tice to the subscribers for such de-
ferred payments Any stock not sub
scribed for shall be sold by the direc-
tors from time to time as the same
may be necessary at not less than its
par value; provided, however, that the
capital stock, or a designated part
thereof, may be paid for in property.
labor or services at a just valuation to
be fixed by the incorporators al meet
ing called for that purpose. The bust
ness and prudential affairs of this cor
poration shall be conducted by a board
more than five.
Article Nv.
The annual meeting of the Stockhold-
ers shall he held at the principal office
OF this corporation on the first Monday
in January in each year at ten o'clock
in the forenoon, or as soon thereafter
as practicable. at which meeting there
shall be elected by and from the stock
holders, board of directors for the en-
suing year. The directors so elected
shall meet Immediately following adj
Journment of such annual meeting of
the stockholders, and shall organize by
electing from their own number a pres
ident. vice president, secretary and
treasurer; the secretary and Treasurer
may be one and the same person.
Article v.
The period of existence of this cor
poration shall be perpetual.
Article vi.
The business of said corporation
shall be managed iby a president. vice
president and secretary and treasurer
and board of directors of not less than
three nor more than five. and such
other officers as from time to time
shall be deemed necessary by the
board of directors. The president, Sec
rotary and treasurer. shall be mem
hers of the BOARD of directors. and one
person may hold any two offices except
those of president and vice president
The directors shall be eletced. to serve
for term of one year, annually by the
stockholders at anselection to be held
ON the first Monday in January OF each
year, and the officers shall be elected
for similar period by the directors
after the election of such board OF
directors. The names of the officers
who are to conduct the business of the
ieorporation until the first annual meet
ing are as follows: E. H. Hopkins
president. s. T. Sistrunk. vice presi-
dent; John Dozier, secretary and
treasurer, and the directors are f. H
He pl<ins. S. II. Sistrunk. E. B. George
John Dozier and H. /. Summerfield.
Article VII.
The highest amount of Indebtedness
or liability TO which this corporation
can subject itself is fifty per cent OF
| the capital stock.
Article VIII.
The names and residences of the sub
ser bling incorpoFa tors and the amount
of capital stock respectively subscribed
for by each are as follows: No. Of
j Name Residence Shares
SuH2merfield Bros, Memphis, Tenn :
John Dozier. OcaIa. Fla ......,
5. t. Sisfrunk. Oca1a, Fla
/ E, Il. George. Lowell. Fla. ........
E. III. Hopkins. Reddick, Fla 20
In witness whereof. we have here
unto set our hands and seals this the
18TH day of August. A D. 1921.
STAIAfERFIELD BROS.
BY ii l. SUMMEkF Held tSeaD.
JOHN DOZIER 6Seal).
s r SISTRUNK tSeal9
Il. II. HOPKINS 4SealS
STATE OF FLORIDA.
| COUNTY OF MARION
Be IL remembered that on this the
18th day OF august, IA. ID. 1921, person
ally appeared before me, an officer duly
authorized TO take aeknowleds ements
of deeds, Sunmerfe1d Bros. John Do
me we'll known to be the individuals
named in. and who executed and SUBJ
scribed their names 70 the fOreeoine
instrument. and they after being duly
sworn, severafly acknowledge the ex-
ecutien thereof for the purposes there
n expires sed.
In witness whereof / have hSreunf6
set my hand and affixed by official seal
at Ocala. Fla, Marion county on the
day and year first above written.
THOMAS s TRANTHAAf
tNotary Sea1 notary Public State
| My commission expires May 18th
49, S-93-It