money of the United States, or in property, patents, franchises
labor or services, at a Just valuation to be fixed by the
incorporators or by the directors at a meeting called for such
purpose.
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 thirteen directors of which
board of directors the president vice-president secretary and
treasurer shall be members.  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 Gainesville Florida at
two o'clock P.M. on the second Thursday in February  1907,
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:  C.W. Chase president  Clarence B.
Strouse Vice president  E.E. Cannon Secretary and 
Treasurer.  the board of directors shall be C.W. Chase  Clarence
B. Strouse and E.E. Cannon until their successors shall be
elected and qualified.  The number constituting the board of
directors may be changed and fixed by the stockholders
at any meeting called for that purpose, provided that
said board shall not consist of less than three nor more
than thirteen members.
Sixth:  The highest amount of indebtedness or liability to
which said corporation can at any tinme subject itself shall
not exceed the amount of the Capital Stock authorized
under this Charter.
Seventh:  The names and residences of the subscribers are:
C.W. Chase, Gainesville Florida,  Clarence B. Strouse  Salem
Virginia,  J.E. Graham Salem Virginia.
Eighth:  The subscribing incorporators to wit  C.W. Chase
Clarence B. Strouse  E.E. Cannon, J.E. Graham have
subscribed for the following amount of stock set opposite
their names respectively:
C.W. Chase          twelve hundred and fifty Shares.
Clarence B. Strouse twelve hundred and fifty Shares.
J.E. Graham         twenty five hundred Shares.
E.E. Cannon         two hundred and fifty 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, viz
                    C.W. Chase
                    Clarence B. Strouse
                    E.E. Cannon
                    J.E. Graham