The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-07-02
STATE OF FLORIDA,

j A,
| COUNTY OF ESCAMBIA
! Notice is hereby given of the inten-
ton of the undersigned to apply to the
] Governor Of the State Of Florida for
| letters patent Incorporating under the
/ laws of the State of Florida the follow
ing named corporation, CUBA SOUTH
| provisions of its proposed charter here
| matter set forth which application will
! be SO made on the seventh day of July.
the City of Tallahassee and the pro-
posed charter therefor is as follows: !,
l. The name Of the CORPORATION shall
I COMPANY. and its place of business
shall be Pensacola, Florida.
2. The general nature of the business
| to be transacted by said corporation shall
be the purchase, lease and ownership of
trading vessels and ships for passengers
and cargoes, the ownership and conduct
purtenances necessary to transacting
foreign and domestic trade and com
merce, the ownership of real estate and
personal property incident to its bust
ness, and to conduct a domestic and for
eign trade in commodities, goods and
property for sale and profit. and to do
business, as might be done and per-
formed by an individual.
3. The amount of capital stock to be
authorized shall be fifty thousand doll
lars, divided into two hundred shares of
preferred stock of the par value of one
hundred dollars each. and three hundred
shares of common stock of the par value
of one hundred dollars each. The pre-
ferred stock shall be paid all in cash.
either in cash or as consideration for
services rendered to the corporation or
for property agreed to be purchased by
it at just valuation to be fixed by the
meeting called for that purpose. The
preferred stock shall be perpetually en-
the said corporation to be retired at par
out of the assets thereof after first pay
ing. all debts and to receive dividends
from the earnings of the Corporation in
preference to the common stock up to
and including eight per centum per an
mum; and all excess earnings of the COR
per centum on the preferred stock may
be used and declared as dividends on
the common stock; based upon the par
value of the said stock.
4. The said corporation shall exist for
a term of ninety-nine years.
5. The business of the corporation
shall be conducted by the following Of
ficers: a president; a yice-president; and
a secretary treasurer; and a board of
five directors; with the power of the
stock holders at a meeting called for
that purpose to increase or decrease the
number of directors by resolution at said
meeting, The time at which said Of
meeting held on the fifteenth day of
July, A. D. 1921; and the following per-
sons are designated as officers of the
corporation to conduct its business until
an election may be held and their sue
cessors shall qualify: Max L. Bear, presi-
dent; Frederick Gilmore, secretary-treas-
urer.
g. The highest amount of indebted
ness or liability to which the corporation
can at any time subject itself shall be
five hundred thousand dollars.
Z. The names and residences of the
subscribers are as follows:
Max l.. Bear, residence,
Pensacola, Florida .......... 80 shares
Frederick Gilmore, residence,
Pensacola, Florida 10 shares
j. H. Sheriff. residence,
Pensacola, Florida .........,.10 shares
MAX l.. BEAR,
FREDERICK GILMORE,
]. H. SHERILI.
State of Florida.
County of Esca mbia
Before the undersigned this day per-
sonauy appeared Max L. Bear, Frederick
Gilmore and J. H. Sheriff., known to
me to be the individuals who signed and
executed the foregoing instrument and
that they signed and exc
cuted the foregoing instrument for. the
uses and purposes therein expressed.
Given under my hand and official seal
this 1st day July, 1921
LESLIE PARTRIDGE.
Notary Public State of Florida at Large.
My commission expires Aug. Is. 1928