Such laws in furtherance thereof as may be deemed best
and generally to exercise the said powers as may be
incident to or Convenient to the purposes or business
of said corporation. To have exercise and enjoy
all the rights powers and privileges in or unto
corporations organized and existing under and by
virtue of the laws of the State of Florida.
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The amount of Capital Stock of this corporation
shall be Seventy-five Thousand ($75,000.00) Dollars
to be divided into seven hundred and fifty (750) shares
of the par value of One Hundred ($100.00) Dollars each
which shall be subscribed and paid for in lawful
money of the United States.
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The term for which this corporation shall exist
shall be ninety nine (99) years.
-----------5----------
The business of the said Corporation shall be
Conducted by the following Officers a President,
One or More Vice-presidents, a Cashier and a
Secretary, and a board of not less than five (5)
directors. The office of Cashier and Secretary may
be held by the same person who need not be a
stockholder of said corporation. The number of
the directors may be fixed from time to time
by the by-laws, but at no time shall it be less
than five (5) nor more than nine (9). The Board
of Directors shall appoint a Secretary and Cashier
and such other officers and agents of this corporation
except the president and vice-president having
such powers, duties and terms of office as
may be provided by the by-laws, and all
officers and agents so appointed by Said
board may be removed at any time in the
discretion of said board of directors. The
directors president and Vice-president shall
be elected by the stockholders at each annual
meeting.
The annual meeting of this corporation shall
be held on the second Tuesday in January of
each year. The date of each annual meeting
may be changed by the by-laws. The Stock-
holders Shall meet on the second Tuesday
in January A.D. 1908 at the office of this
Corporation at Gainesville Alachua County
Florida at eleven o'clock A.M. for the
purpose of holding the first election of
officers and transacting such other business
as may properly come before and be disposed of |