the subscriber desires to pay for same in property, labor or service and
in such event the same shall be at a just valuation to be fixed by
the Board of directors at a meeting called for such purpose and provided
that said board then agrees to accept such payment.

Fourth.  This Corporation shall exist for a period of Ninety nine years
and its corporate existence shall commence on the date of the issuance
of Letters Patent.

Fifth.  The business of this Corporation is to be conducted by a
president vice president secretary and treasurer and a board of
not less than three nor more than seven directors, of which board
of directors the president, vice president secretary and treasurer shall
be members and stockholders, and all officers of said corporation shall
be chosen by the Stockholders.  The offices of Secretary and Treasurer
may be held by one and the same person.  The officers and
directors shall be elected annually at the annual Stockholders'
meeting the first of which shall be in the company's general
office in Alachua Florida at two o'clock P.M. on the first Tuesday
in January  1906 and annually thereafter, and until such first
election the names of the officers who are to conduct the business of
the Corporation until those elected at the first election shall
be qualified are as follows:  R.L. Stringfellow President R.B. Livingston
Vice President T.B. Stringfellow Secretary and Treasurer.  The Board of
Director shall be R.L. Stringfellow R.B. Livingston T.B. Stringfellow
James Chesnut and C.A. Williams until their successors shall be elected.

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.

Seventh.  The names and residence of the subscribers are
     T.B. Stringfellow          Jacksonville    Florida
     R.L. Stringfellow          Jacksonville    Florida
     R.B. Stringfellow          Gainesville     Florida

Eighth.  The subscribing incorporators to wit T.B. Stringfellow
R.L. Stringfellow and R.B. Livingston have subscribed for the
following amount of stock set opposite their names respectively
     R.B. Livingston           sixty shares
     T.B. Stringfellow         sixty shares
     R.L. Stringfellow         sixty shares
The amount of stock so subscribed exceeds ten per cent of the 
capital stock authorized, under this charter.

Ninth.  The above and foregoing Charter is subscribed to by the
following persons to wit:
                               T.B. Stringfellow
                               R.L. Stringfellow
                               R.B. Livingston

State of Florida     }
Duval County         }     Before me personally appeared T.B. Stringfellow
and R.L. Stringfellow to me well known who being first duly sworn
each for himself says and acknowledges that he signed the
foregoing proposed Charter in the manner and for the uses and
purposes therein set forth and expressed.