3rd The Capital Stock of this Corporation shall be Five Thousand
($5,000.00) Dollars, divided in Fifty (50) shares, at the par value
of one Hundred ($100.00) Dollars each, which shall be paid in
cash or property at such time, and in such manner, as the Stock-
holders or Board of Directors may elect.
4th The term for which this corporation shall exist shall be ninety nine (99) years.
5th The officers of this corporation shall be a President and
Treasurer, a General Manager and Secretary and a Board of Directors
of not less than Three (3) nor more than Six (6). The President
and Treasurer, and the General Manager, and Secretary shall
be members of the Board of Directors. All members of the Board
of Directors shall be Stockholders of the Corporation. The Board of
Directors shall be elected by the Stockholders of this Corporation
on the first Tuesday after the first Monday in January of each year.
All elections of directors shall be by ballot each stockholder shall
be entitled to one vote for each share of stock held by him.
The President and Treasurer and General Manager and Secretary
shall be elected by the Board of Directors. The President and
Treasurer and General Manager and Secretary shall be stock
holders of this corporation.
The time, place and manner of holding stockholders meeting
of this corporation shall be fixed by bylaws of this corporation.
6th. The highest amount of indebtedness or liability to which
this corporation can at any time subject itself shall be the sum
of $10,000.00.
The Board of Directors shall have power and authority to
appoint any other officers or agents as they may deem neccessary
or expedient for the carrying on transacting and conducting of
the business of this corporation. The officers who shall conduct
the business of this corporation until the first election of officers
as herein provided shall be as follows.
G. Henry Davis President and Treaasurer
C.W. Hill General Manager and Secretary.
and the following Directors. G. Henry Davis, C.W. Hill and
F. Marjenhoff.
7th The names, residences and number of shares subscribed
for by each of the subscribers in this corporation are as follows:
G. Henry Davis Gainesville, Fla. 39 shares
C.W. Hill Gainesville Fla. 10 shares
F. Marjenhoff Gainesville Fla. 1 share
State of Florida }
Alachua County } Personally appeared before me G. Henry Davis
C.W. Hill, and F. Marjenhoff, to me well known, and
who being first duly sworn, each for himself makes oath
that he subscribed for the number of shares of stock in this
corporation, as set opposite his name in the foregoing
Articles of Incorporation in and for the purposes therein expressed.
G. Henry Davis
C.W. Hill
F. Marjenhoff |