Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-02-16
CHARTER OF
FOUNDRY & MACHINE
WORKS.


----~--~
e be Palatka Foundry & Machine
& Works, and its business shall be con
Quoted in the State of Florida and il
such other States of the United
States of America and foreign coun
tries as may be necessary or conven.
) lent. Its principal offices shall be ir
Palatka, Putnam County, Florida
with the privilege of establishing
and maintaining branch offices any
where in the United States and in
foreign countries.
ARTICLE II.
Nature of BUSINESS:
The general nature of business or
businesses to be transacted by this
corporation shall be as follows:
Section l. To design, construct,
erect, equip, repair and improve
bridges, tanks, steel, iron and con-
crete structures, industrial ware
houses, plants and machinery, power
plants, steam, electrical and water
plants; and to purchase, handle and
generally deal in all material, equip
ment, and machinery requisite or nee
essary in carrying on such business.
Sec. 2. To buy, sell and generally
deal in air, steam, electrical, hydrau-
lie, gasoline and crude oil machinery
and parts for itself and as agents for
Others, on commission or otherwise. |
Sec. 8. 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 descriptions, to build, construct,
rent and lease houses, buildings and
other structures, for itself or for |
others, 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. 6. 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,OOOOO) Dollars, which
shall be divided into Two Hundred |
and Fifty (250) shares of the par
value of One Hundred ($100.OO) Dol
lars ger 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 incor-
porators 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 a just valuation of such
property, labor or services, to be fix
ed 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 a I
President, President, Secretary
and Treasurer (the same person shall /
be eligible to hold the two latter Of S
fices), and a Board of Directors con- S
sisting of not less than three nor |
more than five member. and such
1ther officers and agents as the cor
ooration may authorize. The num- }
Ger of directors may he changed
rom time to time as provided by \
aw. The annual meetings of the
shall be held on the sec S
md Tuesday in January of each
-ear at 10 o'clock, a. M, or as soon
hereafter as practicable, at which |;
ime the Board of Directors shall be d
uly elected by the stockholders. I'm ii
il the officers elected at the first p
lection shall be qualified, the bust N
ess of the corporation shall be con- 81
ucted by the following officers: 7. e'
/. Guerry, President; c. W. New A
ian, Vice-President, and L. G. Bran pi