Article IV.
     The term for which this corporation is
to exist is ninety-nine years.
                    Article V.
     The business of this corporation shall
be conducted by a president, vice-president,
secretary, treasurer, board of directors, and
such officers or agent as may from time to 
time be elected or appointed, that the
office of Vice-president and treasurer may
be held by the same person.
     A board of directors to the number
of three shall be elected by the stockholders
at the meeting to be held on the first Monday
in February 1907, 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:  C.W. Chase, W.S.
Prindle and E.E. Voyle 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 Two Hundred and Fifty
Thousand Dollars.
                    Article VII.
     The names and residences of the
incorporators of said corporation, and the
subscribers of stock thereof, with the number
of shares subscribed for by each, are as follows:
   C.W. Chase,    Gainesville, Florida, 215 shares;
   W.S. Prindle,  Gainesville, Florida,  25 shares;
   E.E. Voyle,    Gainesville, Florida.  10 shares;

State of Florida.     }
Alachua County        }
          Personally, on this day, before me, a
notary public in and for said County and
State, appeared C.W. Chase, W.S. Prindle,
and E.E. Voyle, to me well known, and known
to me to be the persons who subscribed the
foregoing, and severally acknowledged before