Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-02-14

PALATE
plants; and TO purchase, handle and
4 generally deal in all material, equip
ment, and machinery requisite or ne
cessary in carrying on such business.
Sec. 2. To buy, sell and generally
deal in air, steam, electrical, hydraul-
ic, gasoline and crude oil machinery
and parts for itself and as agents for
others, ON commission or otherwise
Sec. 3. To own and operate foun-
dries, general machine, boiler and
sheet metal shops, and do a general
storage business.
Sec. A. To buy and acquire, by
purchase or otherwise, and to own,
hold, sell and convey real property
and personal property of all kinds
and description; to build, construct,
rent and lease houses, building and
other structures, for itself or for 9TH
ers, for profit.
Sec. 5. To buy, hold and own stock
in, and obligations of, any other COM
pany or corporation; to exercise all
the rights, powers and privileges of
ownership thereof, and to exercise any
and all voting powers thereof.
Sec. 5. To have, exercise and en-
joy all the rights, powers and privi-
leges incident to corporations of this
kind organized and existing under
and by virtue of the laws of the State
of Florida.
ARTICLE III.
Capital Stock.
The amount of capital stock of this
corporation shall be Twenty-Five
Thousand ($25,000.00) Dollars, which
shall be divided into Two Hundred |
and Fifty (250) shares of the par val
ue of One Hundred ($1COOO) Dollars
per share. All or any part of the
capital stock may be paid in property,
labor or services at a just valuation
to be fixed by the incorporators or by
the directors at a meeting called for
such purpose. Property, labor or
services may be purchased or paid
for with capital stock at just valua-
ton of such property, labor or ser
vices, to be fixed by the directors of
the company at meeting called for
such purpose.
ARTICLE ".
Term:
The term for which this corpora
ton is to exist is Fifty years.
ARTICLE V.
Officers:
The business of this corporation
shall be managed and conducted by
President, Vice-President, Secretary
and Treasurer (the same person shall
be eligible to mold the two latter Of
fices), and Board of Directors con-
sisting~ of not less than three nor
more than five members, and such 9th
er officers and agents as the corpora
ton may authorize. The number of
directors may be changed from time
to time as provided by law. The an
nual meetings of the stockholders
shall be held on the second Tuesday
in January of each year at 10 o'clock, /
a. NJ, or as soon thereafter as practi-
cable, at which time the Board of d. |
rectors shall be duly elected by the
Until the officers cleo
ted at the first election shall be quail
fed, the business of the corporation
shall be conducted by the following .
officers: T. l.. Query, President; c.
W. Newman, president, and l..
j. Brannon, Secretary and Treasurer,
md T. l.. Guerry, c. w. Newman, l..
J. Brannon, and A. G.. Paul, as the
3oard of Directors. All officers to
'e elected by the stockholders shall
'e elected annually at the stockhold-
.rs' annual meeting, and all officers
% be elected by the Board of Directors
shall be elected annually at a meet
ng of the Board to be held imme-
lately after the adjournment of the
annual stockholders meeting.
ARTICLE VI.
Indebtedness or Liability:
The highest amount of indebtedness
n liability To which the corporation
shall at any time subject Eself is
Fifty Thousand ($50,00O.00) Dollars.
ARTICLE VII.
Names, Residences and Subscriptions
of Incorporators:
T. L. Query, Lake City, Florida, 10
Shares.
3. w. Newman, Palatka, Florida, 60
Shares.
L. G. Brannon, Palatka, Florida, rs
Shares.
A. G. Paul, Watertown, Florida, rs
Shares.
A. M. Query, Lake City, Florida, so
Shares.
IN WITNESS WHEREOF, We
rave heremnto set our hands this 9th