shall be Twenty Five Thousand ($25,000.00) Dollars
to be divided into two Hundred Fifty (250) shares, at a
par value of One Hundred ($100) Dollars each
payable in lawful money of the United States.
                    Fourth.
This Corporation shall exist perpetually, and
its Corporate existence shall Commence
on the date of the issuance of letters patent.
                    Fifth.
The affairs of said Corporation shall be managed
by a board of not less than five nor more than
thirteen directors, who shall be elected anually
by the Stockholders on the second Tuesday in January
of each year, and must possess the qualifications
prescribed by the laws of the State of Florida.
There shall also be elected by the stockholders
at the time of the election of said directors, a
President, Vice President and Cashier of said
Corporation, each of whom shall be a
member of the Board of Directors and selected
therefrom at such election.  And until such first
election which shall be held at ten o'clock
A.M. on the day herein named, the names
of the Directors who are to manage the affairs
of said Corporation and the names of the President,
Vice President and Cashier of said Corporation
until those elected at the first election shall
be qualified are as follows viz:
     L.O. Benton          President
     F.E. Williams        Vice President
     F.B. Godfrey         Cashier
             Directors
L.O. Benton, F.E. Williams, F.B. Godfrey, L.N.
Pearce, C.A. Williams, J.C. Bishop, A.R. Williams
                    Sixth.
The highest amount of indebtedness or liability
to which said Corporation Can at any time
subject itself is Twenty Five Thousand ($25,000)
Dollars subject to the provissions of law in
regard to the liability or indebtedness of
Corporations of this Character.
                    Seventh.
The name and residence of the subscribers are:
     F.E. Williams      Alachua  Florida
     C.A. Williams      Alachua  Florida
     L.N. Pearce        Alachua  Florida
     J.C. Bishop        Alachua  Florida
     A.R. Williams      Komoko   Florida
                    Eighth.
The subscribing incorporators, to wit: