or businesses aforesaid, or any of them and to act as brokers or agents in the conduct
of like business for others and to exercise all rights, powers or privileges now
or hereafter conferred by law upon corporations organized under the provisions of the
law of the State of Florida authorizing the formation of this corporation.
                    ARTICLE  3
The amount of capital stock of this corporation shall be Two Million Five Thousand
Dollars ($2,500,000.00) divided into shares of One Hundred Dollars ($100.00) each
All or any of said capital stock of said corporation may be payable in or issued or
used for the purchase of property, labor or services at a just valuation thereof to be
ficed by the incorporators or by the board of directors at a meeting called for that
purpose.
                    Article  4.
The term for which said corporation shall exist shall be ninety nine (99) years.
                    Article  5.
     The officers of said corporation shall be a president, a vice president, a secretary
and treasurer, to be elected by the board of directors, and a board of not less than three
(3) directors to be elected by the stockholders.  The same person may hold the office of
secretary and treasurer.  Any of the above named officers may also be elected general
manager by the said board of directors.  The officers of the said corporation who shall
conduct the business of the corporation until those who shall be elected at the first
election shall be qualified, are;
     Bailey F. Williamson, president;
     Frank H. Chase, Vice-President;
     C.D. Dennis, Secretary and Treasurer; and
     Bailey F. Williamson, Frank H. Chase and C.D. Dennis, as Directors.
     Such officers and directors shall be elected on the first Tuesday in February
     in each year.
                    Article 6.
    The highest amount of indebtedness or liability to which said corporation can at
any time subject itself is Two Million Dollars ($2,000,000).
                    Article 7.
    The said corporation shall adopt a corporate seal and may adopt bylaws for the gov-
ernment of its affairs not inconsistent with its Articles of Incorporation or the laws
of the State of Florida, and the said by laws may be amended or repealed and others
adopted from time to time as may be provided in said bylaws.
                    Article 8.
     The names and residences of the incorporators of said corporation, and its subscrib-
ers to stock thereof, with the number of shares of its capital stock subscribed for by
each, are as follows:
     B.F. Williamson,     Gainesville,  Florida,          3000 shares;
     Frank H. Chase,      Chicago,  Illinois,             2100 shares;
     C.D. Dennis,         Gainesville, Florida,             10 shares.


State of Florida,
County of Alachua,  Personally appeared before me B.F. Williamson, Frank H. Chase
and C.D. Dennis, to me well known as the persons who executed the foregoing Articles of
Incorporation of the KRAFT PAPER COMPANY, and who each severally and duly acknowledged
that he executed the same for the purposes therein expressed.
     In Witness Whereof, I have hereunto set my hand and official seal, this 8th. day of
May, A. D. 1909.