To manufacturing, export, import buy, sell and generally deal in goods, wares
merchandise and property of every class and description; to purchase, lease or other
wise acquire any and all kinds of personal property which the corporation may deem
necessary or convenient for the purposes of its business.
To purchase, lease or otherwise acquire real estate, improved or unimproved,
without limit as to amount, in any state or territory of the United States or foreign
country, and to apply for, acquire, buy, sell, assign, lease, pledge, mortgage, or
otherwise dispose of Letters Patent of the Untied States or of any foreign country and all
or any rights territorial or otherwise, thereunder; to apply for, acquire, hold, sell assign
lease, mortgage or otherwise dispose of patent right, licenses, privileges inventions
trademarks, trade names; and to use, manufacture or grant licenses under any
Letters Patent owned or controlled by the Company and to expend money in experiment-
ing upon and testing the validity or value of any patent rights the company may
acquire or may propose to acquire.
To acquire by purchase or otherwise properties, real or personal and the good will,
rights and assets of all kinds, under such terms and conditions as may be deemed
advisable of any person, firm or corporation and to pay for the same in cash, stock
bonds or other securities of the corporation and to acquire the bonds or other
obligations of individual or corporations.
To conduct its business in all its brances and to exercise all its powers in any
of the states, territories, districts or colonial possession of the United States and any
foreign countries as shall from time to time be found necessary and convenient
for the purposes of the Company's business.
To issue bonds to any amount authorized by law for the purpose of securing
funds for corporate purposes and to secure the payment of the same by mortgage or
deed of trust upon the whole or any part of the real and personal property of the
company at any time held by it.
To Exercise any and all powers and to perform any and all acts incidental
to or convenient in the carrying out of any one or more of the main purposes
of the corporation hereinbefore enumerated; and generally to be vested with
and to have all the powers which corporations are now or may hereafter
be permitted to exercise under the laws of the State Of Florida.
IV. The amount of capital stock of this corporation shall be $350,000.
divided into 3,500 shares of the par value of $100 each, of which 1,750
shares shall be common stock and 1,750 shares shall be preferred stock.
The preferred stock shall be issued only for cash actually paid into the
company at the rate of $100 for each share. The common stock may be
paid for in property, labor or services at a just valuation to be fixed by the
incorporators or by the directors at a meeting called for the purposes.
The holders of the preferred stock shall be entitled to receive when and as
declared, from the surplus or net profits of the corporation, yearly dividends
at the rate of seven dollars per share, payable quarterly on dates to be fixed
by the by-laws. The dividends on the preferred stock shall be cumulative and
shall be payable before any dividends on the common stock shall be paid
or set apart so that if in any year dividends amounting to seven dollars
per share shall not have been paid on said preferred stock the deficiency
shall be payable before any dividends shall be paid upon or set apart
for the common stock.
Whenever all cumulative dividends upon the preferred stock for all previous
years shall have been declared and shall have become payable, and the |