to remain in the treasury of the company, and
sold by said company at not less than One
Hundred Dollars per share for cash, or approved
security as the By-Laws may authorize and
direct.
IV. The term of the existence of said corporation
shall be twenty-five years, unless sooner
dissolved according to law.
V.  The businesses of said corporation are to be con-
ducted by a President, Vice-President, Secretary
Treasurer and a Board of Directors, comprised of
not less than three or more than five stock-holders,
which officers are to be elected by te Board of
Directors, and the directors elected by the stock-
holders at the first annual meeting of stockholders
and directors to be held on the 15th day of July
1912, until which time M.H. DePass, Mrs. O.B. Bailey
and Robert F. Brush shall constitute such board
of directors, and the officers, until such time, shall
be M.H. DePass, President, R.F. Brush, Vice-President,
and Secretary, and Mrs. O.B. Bailey Treasurer, and
they will continue in office until those elected in
said meeting shall be qualified.  Thereafter the
annual meeting of stockholders shall be held
on the third Monday on July.
VI-  Ten Thousand Dollars is the highest amount
of indebtedness or liability to which the cor-
poration can at any time subject itself.
VII.  The names and residences of the sub-
scribers are:-  M.H. DePass, Mrs. O.B. Bailey and
Robert F. Brush, all of Gainesville Alachua County
Florida.
VIII.  To the capital stock M.H. DePass has sub-
scribed for twenty shares, Robert F. Brush twenty
shares, and Mrs. O.B. Bailey twenty shares.
     Witness our signatures this 23rd day of
     April  A.D.  1912
                    Robert F. Brush
                    M.H. DePass
                    Mrs. O.B. Bailey

State of Florida
Alachua County
I, C.R. Layton, a Notary Public of Alachua County
State of Florida, certify that on this day
personally appeared before me, M.H. DePass,
Mrs. O.B. Bailey, and Robert F. Brush, to me
well known, and each thereupon acknowledged
before me their signature to the foregoing
proposed charter.
     Witness my hand and official seal, this