with, and under the following proposed charter:
1st - The name of the corporation shall be the Hawthorne State
Bank and its place of business shall be in the City of Hawthorne
in the County of Alachua, and State of Florida.
2nd The general nature of the business to be transacted shall be
that of a general banking business, with powers incident thereto, as
provided by the Statutes of the State of Florida.
3rd. The amount of the capital stock of said corporation shall be
Fifteen Thousand Dollars, to be divided into One Hundred, and
Fifty shares of the par value of One Hundred Dollars ($100) each
to be paid in cash.
4th The term for which said corporation shall exist shall be Ninety-
nine years.
5th. The business of the said corporation shall be conducted by
the following officers: A President, one or more vice Presidents,
a board of 5 directors, a cashier, and such others officers
and employees, as the corporation may authorize.
The board of directors may appoint subordinate officers and
employees, with such powers, duties and terms of office as
they may prescribe, or as may be Provided by the by-laws
not inconsistent with the banking laws
6th The directors shall be elected by the stockholders at each
annual meeting. All other officers and employees shall be
elected annually by the Board of Directors. The annual meeting
of the stockholders shall be held on the First Tuesday of January
in each year.
7th Until the officers elected at the first annual meeting of the
stockholders shall be qualified the business of said corporation
shall be conducted by the following named officers.
A.L. Webb President
P. O'Brien First Vice President
W.C. Mahin Cashier
and A.L. Webb, P. O'Brien, W.C. Mahin, J.J. Haymans, and
R.H. Smith Directors.
8th The highest amount of indebtedness or other liability to which
the said corporation shall at any time subject itself shall
be as limited and defined by Section 2712, of the General
Statutes of the State of Florida.
9th The name and residences of the subscribers, and the
amount of the captial stock subscribed by each, are as follows:
Name ----- Residence ----- Number of Shares
A.L. Webb Hawthorne Fla 10
P. O'Brien " " 10
W.C. Mahin " " 64
J.J. Haymans " " 20
C.J. O'Haver Kenka " 10
J.L. McMurtry Hawthorne " 10
J.W Sheffield " " 5
F. Corsey " " 5
W.W.W. Heater " " 2
G.A. Heater " " 1
Ida Monroe " " 3
R.H. Smith " " 10 |