corporation and individuals and other corporations and to make such
bylaws as may be deemed best; to have agencies and employ agents at such
places as may in the opinion of the proper officers of this company be
necessary or expedient; and to do all other things necessary, advisable
incident or pertaining to the purposes aforesaid, and the successful
transaction and conduct of the business of this company; and to have
exercise and enjoy all rights, powers and privileges of corporations
organized and existing under and by virtue of the laws of the State
of Florida.
Article III
Capital Stock Authorized. The capital stock authorized shall
be Five Thousand Dollars ($5,000.00), divided into five hundred (500) shares
of the par value of ten (10) Dollars each; the capital stock may be issued
from time to time fully paid up in lawful money of the United States, or
any part of such stock may be issued in consideration of property at a
just valuation to be fixed by the board of directors at a meeting called for
that purpose.
Article IV
Terms of Existence. The corporate existence shall commence at the date
of Letters Patent upon these Articles of Incorporation and shall continue
for ninety nine (99) years.
Article V
Officers and Directors. The business of said corporation shall be
conducted by a president, a vice president, a secretary and treasurer; the
office of secretary and treasurer may be held by the same person; a general counsel
and a board of directors, consisting of six (6) members, the directors shall be
empowered, and this authority they may delegate to any one or more of the officers
of the company to employ agents and servants. The following named incorporators
to wit: M. Tucker, M.H. McClamrock, R.E.L. Robinson, T.D. Tinnin L.N. Hansell
and Ferdinand Bayer shall constitute the first Board of Directors, and
shall conduct the business untill those elected at the first election shall
be qualified. The annual meeting of the stockholders shall be held on the
third Monday in January of each and every year, and the officers and
directors shall be annually elected on that day or as soon thereafter as practicable.
The officers who are to serve as such until those elected at the annual election
in 1911, shall be qualified, shall be: M. Tucker, President; R.E.L. Robinson, Vice-
President M.H. McClamrock, Secretary and Treasurer; and Ferdinand Bayer,
General Counsel.
Article VI
Limit of Indebtedness. This corporation shall at no time incur an indetedness
or liability exceeding Five Thousand Dollars ($5,000.00)
Article VII
Names and Residences of the Incorporators. The names and residences
of the subscribing incorporators and the amount of stock subscribed for by
each of them are as follows: -
M. Tucker Gainesville, Florida 25 shares
R.E.L. Robinson Gainesville, Florida 25 shares
M.H. McClamrock Gainesville, Florida 5 shares
T.D. Tinnin Gainesville, Florida 10 shares
L.N. Hansell Gainesville, Florida 10 shares |