of the corporation on the third Tuesday in January
of each year, but same may be changed;
from time to time by amendment of the by-laws
Until the officers to be elected at the first
elections are elected and qualified, the business
of the corporation shall be conducted by the follow-
ing officers:
                   F.J. Hammond, President
                   W.E. Waits    Vice President and General Manager
                   H.C. Barnett, Secretary and Treasurer
F.J. Hammond, W.E. Waits, H.C. Barnett, R.H.
Smith, B.W. Waite, J.C. Holden, as Directors.
                   Article VI.
The highest amount of indebtedness or liability
to which the corporation shall at any time
subject itself, shall be $15,000.00
                   Article VII
The names and residence of the subscribing
incorporators of the said incorporation, togeth-
er with the amount of capital stock subscrib-
ed by each are as follows
     F.J. Hammond,     Hawthorn,   Florida          30 shares
     W.E. Waits        Hawthorn,   Florida          60 shares
     H.C. Barnett,     Hawthorn,   Florida          30 shares
     R.H. Smith        Hawthorn,   Florida          30 shares
     B.W. Waits        Hawthorn,   Florida          15 shares
     J.C. Holden       Hawthorn,   Florida          15 shares
Witness our hands and seals this 12th, day of
March,  A.D.  1912.
                    F.J. Hammond,          (Seal)
                    W.E. Waits             (Seal)
                    H.C. Barnett,          (Seal)
                    R.H. Smith             (Seal)
                    B.W. Waits             (Seal)
                    J.C. Holden            (Seal)

State of Florida     }
Alachua County       }     This day personally appeared
before me, F.J. Hammond, W.E. Waits, H.C. Barn-
ett, R.H. Smith, B.W. Waits, J.C. Holden, who
are each well known to me and known to
me to be the identical persons who are describ-
ed in and who executed and subscribed the
foregoing proposed charter and severally acknowl-
edged before me that they subscribed and
executed the same for the uses and purposes
therein expressed and set forth.
     Witness my hand and seal this 12th
day of March  A.D.  1912
     (Seal)         Thomas J. Hammond
                    Notary Public, State of Florida
                    My Commission expires August 26th
                                                 1915