The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1921-10-26

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conduct all business pertaining there
6g) To purchase. own lease, ac-
qOlre, mold operate and control timber
ana TIMBER lands saw and crate mills;
(h.) To manufacture, sen and deal
In lumber, containers and all products
from wood or fibre;
I'D To acquire. lease. construct
own operate and maintain Cbut not as
common earrier) tramways. rail-
ships and other equipment, and trans
portation and transmission lines, in
the carrying on OF any business;
ID To acquire. hold. use. lease
rights, trademarks and trade-names.
kind;
(k) To produce. manufacture and
deal in fertilizers and materials, plant
foods. sprays ana insecticides, farm,
TOOLS and equipment: TO engage in
mining, manufacturing and mercan-
tile businesses to further these objects;
CD To acquire the good will. rights
ana properly, and to undertake the
whole or any part of the assets and
liabilities. OF any person or concern
and 10 pay for the same in cash, stock Sc
curiries or obligations of this corpora
ton or otherwise;
Cm.) To acquire, build, lease, let,
own, buy. sell. maintain and operate
hotels, boarding houses, dwelling
houses, land Developments and other
properties and equipment appurtenant
thereto;
(n.) To acquire by any manner and
TO hold for any purpose, and to use.
sell. assign, transfer, mortgage,
pledge. or in any way dispose OF or
deal with stocks, bonds, obligations
or securities OF every description; to
merge or consolidate with any concern
or corporations to aid in any manner
any concern or corporation which this
corporation deems ii advantageous to
assist; to do any other act or thing
for the benefit of this corporation or
its securities or designed therefor, and,
while owning or holding any stock,
bonds or other securities or obligations
OF any other concern OF corporation,
to exercise all the rights, powers and
privileges of such ownership. including
air voting powers thereon; to guaran-
tee the payment of dividends upon any
stock and the principal and interest of
any bonds and other obligations and
! the performance Of any contract; to
| and to hold and reissue any outstand-
ing share or shares of the capital
stock of this corporation;
(o.) To borrow and lend money, to
make and issue notes. drafts, bonds,
debentures, obligations and evidences
| of Indebtedness of all kinds, whether
secured by mortgage, pledge, or. other
wise; to endorse and guarantee any
tfons. and to secure the same by mort
gage, pledge or otherwise: and gener-
ally TO make, perform and guarantee
the performance of agreements and
ton;
Cp.) To own, lease. operate and con-
troll mercantile establishments, both
wholesale and retail. either directly or
in connection with others;
(q) To buy, lease. acquire, hold,
lOWn- nd
1 In any way in real and personal prop
erty of every kind and description,
wheresoever located;
(r.) To do all and everything neces-
sary, suitable or proper to accomplish
any purpose or attain any object or
K further any power hereinbefore set
forth, or to- improve or protect the in
4 terests OF this corporation or preserve
or enhance the value of its stock or as
Isets; either alone OF in combination
with other concerns or individuals.
In general, to carry on any other
business In connection Herewith and
| with all the powers conferred by the
statutes upon general corporations.
| The objects specified in Article III
ed therein, be in nowise limited or re-
stricted by reference to or inference
from the terms of any other clause or
paragraph IN this charter, but the OBJ
Jects specified in each of the clauses
of Article II. shall be regarded as in
dependent objects.
The foregoing clauses shall be con-
strued both as objects and as powers
cihc powers shall not in any manner
limit or restrict any permissible DOW
ers of this corporation.
That Article III he amended so as To
read:
ARTICLE III.
Capital stock
The total authorized capital stock OF
this corporation shall be one million six
| hundred thousand dollars $500, OO0. 00)
divided into sixteen thousand shares OF
the par value OF one hundred dollars
| ($100.00l each, all or any of which may
lbe payable in lawful money Of the
! United States of America. or in prop
erty, labor or services at a just valua-
ton therefor to be fixed in their dis
erection by the board of directors at a
meeting or meetings called for such
Ipurpose.
| The total authorized capital stock
shall be divided into three classes, that
is to say:
| (a.) Three Thousand Shares of
First Preferred eight per cent.
cumulative convertible non-partie-
| ipating stock;
0b.) Three Thousand Shares of
Second Preferred six per cent.
! cumulative convertible participant
ing stock; and
| (c.) Ten Thousand Shares OF
| The first preferred stock shall be en-.
titled to dividends out of the net pro-
i fits or surplus of the corporation at the
rate of eight (S) per cent. per annum.
and no more, payable semi-annually on
| the first days of January and July in
4 each year, or as otherwise determine
| and declared by the board of directors,
before any dividends shall be paid on
| the second preferred stock or ON the
4 common stock; any first preferred
stock issued between dividend dates.
and any moneys or property received
prior to the first or any other dividend
date for which first preferred stock Is
| to be issued shall be entitled at the
| next dividend date to a proportiOnate
/ dividend; and in the event Of HQuida-
tion, the first preferred stock shall be
entitled to payment out Of the assets
Of the corporation at its full par value
plus all accrued dividends. before any
/ payment shall be made to the holders
of the second preferred stock or OF the
| common stock. The first preferred
stock shall not receive any further
share in the profits or the assets of the
| corporation than as above provided.
The dividends upon the first preferred
stock shall be cumulative, so that IL
| the corporation shall fail to declare
l and nav anE first Drefe-reff dividend.