President; M. Venable, First Vice-President; S.D. Rice,
Second Vice-President; F.E. Dennis, 3rd Vice-Presi-
dent; W.M. Walker, Secretary; and S.T. Fleming,
Treasurer.  The above named six persons shall also
compose the first Board of Directors until the first
annual meeting of the stockholders to be held on
the 20th day of March,  A.D.  1913.  The officers of the
corporation shall be elected by the Directors annually
immediately after the annual meeting of the stockhol-
der shall be entitled to one vote for each share
of stock owned by said stockholder.
Article 6.  The highest amount of indebtedness
or liability to which this corporation can at any
time subject itself shall be One Hundred Thous-
and Dollars.
Article 7.  The following persons are the subscribers
to this charter and Article of Incorporation and
have each subscribed to and for the number
of shares set after their names
     W.H. Powell          2 Shares
     M. Venable           2 Shares
     S.D. Rice            2 Shares
     F.E. Dennis          2 Shares
     W.M. Walker          2 Shares
     S.T. Fleming         2 Shares
     All residing at Archer, Florida.

The foregoing Articles of Incorporation are this day
approved and adopted as the proposed charter
of a corporation to be known as Archer Land
and Improvement Company, at a meeting of
the subscribers held for that purpose at the
place of residence and address of the subscribers
to-wit:  at Archer, Alachua County, State of Florida
In Witness Whereof, we have hereunto set
our hands and seals this 20th day of March  A.D.  1912.
                    W.H. Powell     (Seal)
                    M. Venable      [Seal]
                    S.D. Rice       [Seal]
                    F.E. Dennis     [Seal]
                    W.M. Walker     [Seal]
                    Sam. T. Fleming [Seal]

State of Florida     }
Alachua County       }     Before me, this 20th day of
March,  A.D.  1912 personally appeared W.H. Powell
M. Venable, S.D. Rice, F.E. Dennis, W.M. Walker
S.T. Fleming, to me well known and known
to me to be the persons who subscribed to
the foregoing Articles of Incorporation, and who
severally acknowledged before me that they