The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1922-01-14
NOTICE OF INTENTION TO APPLY FOR
LETTERS PATENT
II. l.. SWATTS.
CITY Clerk

No,ce is hereby given mat the undersigned
will apply to the Honorable Cary y. lJardc',
governor Of TIL. Safe Of Florida, Oh The -
ulv of January, A. d. lg2: for letters pltcnt
Incorporating the undersigned and their ASSOC
cates into a corporation nnder the laws Of
the state Of Florida by and under the name OF
INDUSTRIAL LOAN a. SAVINGS. he ana
under the following proposed charter. tile rriL-
inal Of which is on file in the office "
the Secretary of State OF the state Of florida.
H. w.rPoWERs.
A. J. POWERS.
NJ NJ EBERT.
PROPOSED CHARTER or INDUSTRIAL
LOAN * SAVINGS. INC.
The Undersigned hereby associate them
selves together for the purpose Of becoming
incorporated and forming corporation under
and by virtue Of the Laws OF The state uf
Florida. and adopt the following ARTICLES OF
INCORPORATION as and for their PROOFS
ED CHARTER.
The name Of the Company shall he INDUS
TRIAL LOAN * SAVINGS. INC. and Its bus
lrcss shall be conducted in Polk county Safe
Tie principal place of business shall be in
the City Of Lakeland Polk county. Florida.
H.
| The general nature Of the business and bus
| lneoses to be transacted by this corporation
! shall be lending OF money with or without Sc
/ curlty: 10 borrow money and to execute notes
aud to secure the same by mortgages, and
other Instruments known to the law for the
| purpose Of securing Indebtedness; TO buy. sell,
| b d., lease, rent. mortgage and deal IN real
estate or personal properly, stocks or bonds
| IL any and all descriptions necessary, deslr-
| gble or convenient In the conduct and opera
| ion Of its business or businesses, without any
particular limiting any Of the objects and pow
L rs OF the corporation.
! II is hereby expressly declared and provided
| that the corporation shall have the power TO
make and perform contracts OF any KIND anu
| description. and for The purpose Of attaining
| or furlhoring any or all of its objects, 10 do
! any and all other acts, deeLs and things, and
/ 10 exercise any and all powers. privileges and
franchises not prohibited by the laws Of the
STATE Of Florida.
( The total authorized capital stock Of the
| corporation is fifty thousand dollars tS3u'-
! 100000 divided into five thousand l5.O0Jl
! per share OF the said five thousand $4,000
/ shares, two thousand. Ave hundred t2,5Ovy
/ ,hares shall be Preferrel Stock: one thousand,
two hundred fifty l.25o' shares ,SiIl.r be
two hundred fifty Q250) shares shall be Class
| II" Common Stock. all Of which stock shall
| be paid for in lawful money Of the United
States, save and except that six hundred nifty
/ T. % shares OF Class ID" Common Stock may
4 be palt for IN property. labor or service at a
Just valuation TO be determined by the lncor-
porators.
J the Common Stock may be Increased according
/ to law, and shall be issueu In such amounts
and on such terms as shall be determined by
: int BOaru OF DlfCClOTS, anu us may DC pea
mt.ed by this charter. any amendments there
/ Of. and the law.
The holders OF Preferred Stock shall be
! entitled to receive as Of and when declared
from the surplus or net profits OF the cor
poratlon, yearly dividends at the rate OF eight
per cent Is per cent? par value and no more.
The dividends on the Preferred Stock shall be
cumulative and shall be payable before any
dividends on the Common Stock shall be paid
, or set spart. so that II any dividends yearly
amounting 10 eight per cent Is per cent? shall
not have been paid thereon. the deficiency
/ shall be payable before any dividends shall be
paid or set apart for the Common Stock.
Whenever the cumulative dividends on tht
Preferred Stock for the previous years shall
! have been declared and the company shall
| have paid the same. shall have set aside
It's surplus or net profits, an amount sufh =
Gent for the demands thereon, the Board OF
Directors shall declare dividends on the Class
"A" Common Stock payable then or there
alter out OF any remaining surplus or net
profits TO the amount Of eight per cent Is pei
1 cent? par value and no more.
Whenever accumulatlve dividends OF said
Preferred Stock shall have been paid, and
'rhenever eight per cent Is per cent? shall
! ave been paid on Class "a" Common Stock
there shall remain any surplus or net pro-
GEES. not necessary. in the opinion OF the
Foard Of Directors. TO the proper conduct OF
the business on the corporation. than the
Board Of Directors shall declare dividends on
Glass "B" Common Stock PAYABLE then and