Article I
The name of the corporation shall be "Gainesville Furniture Company" and
its principal place of business shall be in Gainesville Alachua County
Florida but it may establish offices and agencies at other places within
the State of Florida or elsewhere.
Article II.
The general nature of the business to be transacted by the corporation
is to deal in buy sell and manufacture Furnitue Hardware and
General House Furnishing goods and other articles to conduct
and carry on a General Merchandise business and an undertaking
establishment, buy sell lease and mortgage lands contract and
build houses and other structures, and this corporation shall
have power generally to do and perform have hold acquire and
enjoy all other property powers and things, as shall be incident
necessary or expedient for the conducting the necessary operation
of the business, and generally to be vested with and have all
the powers granted or which may be hereafter granted to corporations
for profit, under the laws of the State of Florida
Article III
The amount of the Capital Stock of said company shall be Fifty
Thousand Dollars divided into Five Hundred Shares each of the
par value of one hundred Dollars, and shall be paid
in as follows: Eight Thousand Dollars in cash; the balance
to remain in the treasury to be disposed of in such manner
as the directors may designate.
Article IV
The term for which this corporation is to exist is Ninety nine
years
Article V.
The business of this Corporation shll be conducted by
a President Vice President Secretary, Treasurer, Board of
Directors and such other officers or agents as may from time
to time be elected or appointed. that the Office of Secretary
and Treasurer may be held by the same person.
A Board of Directors to the number of Five shall be elected by
the Stockholders at a meeting to be held on the first Monday in
January 1905, and annually thereafter, or they may be elected
at any adjourned annual meeting.
The Board of Directors shall elect the officers of the company.
The President and Vice President shall be elected from among
the Board of Directors. until the first election, and until their
successors shall be qualified the following officers and directors
shall conduct the business of the company: W.R. Thomas President
J.B. Padgett Vice President C.C. Powell Secretary and Treasurer.
and W.R. Thomas J.B. Padgett C.C. Powell J.A. Maultsby and
R. McClellan shall constitute the first Board of Directors
Article VI
The highest indebtedness or liability to which this corporation
can at any time subject itself is Fifty thousand Dollars.
Article VII
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