1897. Place of domicile. Right to change mame. Capital stock. When corporation may com the name of the Key West Insurance Company, and the Corporation under that name shall have, hold and enjoy the franchises, rights and privileges hereinafter provided; have perpetual succession, sue and be sued, plead and be impleaded, contract and be contracted with, possess and use a common seal and alter the same at pleasure, and make such by-laws as may be necessary for the government of the company. SEC. 2. That sail corporation shall have succession by its corporate name for ninety-nine years, and that its place of domicile shall be in the city of Key West, Monroe county, Florida, and that it shall have the right to change its corporate name in manner prescribed by the general incorporation laws of this State at the time of making such change. SEC. 3. That the capital stock of said corporation shall be $50,000 divided into shares of $10 each, which capital stock may hereafter be increased to $500,000 with the consent of a majority of the share holders. SEC. 4. That said corporation shall be authorized to commence business as soon as 20 per cent. of its capital stock has mence business been subscribed and paid for. Board of directors. President, etc. Proviso. SEC. 5. That the business of said corporation shall be conducted under the control and management of a board of five (5) directors who shall be elected annually by the stockholders at a meeting to be held on the second Tuesday in May of each year, and who shall hold office for the term of one year and until their successors are elected and qualified. The incorporators hereof, viz: Geo. S. Waite, John T. Sawyer, Richard Peacon, C. F. Kemp and E. M. Martin, shall compose the first board of directors, and shall hold their offices until the annual meeting to be held in May, 1898. SEC. 6. That each board of directors shall elect from among their own number a president, a secretary and a treas rer, each of whom shall hold office for one year, unless he or they shall become disqualified or shall be removed by a twothirds vote of the entire board of directors; Provided, That the offices of secretary and treasurer may be held by one person, if the board of directors deem it proper. They shall also elect or appoint any other officers, employes or agents of the company that may be necessary for the transaction of business, and in all cases shall fix the salary, commission or other compensation to be paid for services rendered. They shall have full power and authority, and the same is hereby given them to establish such agencies and branches of said Power to estab- corporation, and at such places as they may deem for the best 1sh agencies and branches. interests of said corporation, and to prescribe rules and regulations for the government of such agencies or branches, and the mode, manner and extent to which such agencies or Salary. branches may do business under the provisions of this charter. A majority of the directors, personally or by proxy, shall constitute a quorum for the transaction of business; a meeting of all directors in person or by proxy, shall be legal however called; any resclution signed by all directors and entered on the records shall be as binding and as legal as if adopted at a meeting of the board. 1897. Quorum. Rights of SEC. 7. That the said corporation shall have the right to sell insurance against loss by fire, accident, death or marine disaster, and to issue such insurance policies, and to make corporation. such contracts for the insurance of persons or property, and for the payment of money in the event of loss as the said corporation shall deem expedient. SEC. 8. That the said corporation shall have set apart Reserve fund. one-third of all premiums collected by it upon insurance policies as a reserve fund for the payment of claims; Provided, That the said corporation shall have the right to invest said Proviso. reserve and any part of its unemployed capital in State or United States bonds, or in notes or bonds secured by first mortgage on real estate of double the value of the amount secured by the first mortgage thereon. SEC. 9. That all laws and parts of laws conflicting with the provisions of this act, be and the same are hereby repealed. SEC. 10. That this act shall take immediate effect upon its approval by the Governor and the payment of a charter fee of $100 into the State Treasury by the incorporators. Approved June 4, 1897. CHAPTER 4629-[No. 115.] AN ACT Enlarging and Extending the Rights, Powers and Privileges of the Tropical Building and Investment Company of Key West, Florida, and Granting to It Banking Privileges. Be it enacted by the Legislature of the State of Florida: SECTION 1. That the powers of the Tropical Building and Investment Company, a corporation existing under that chapter of the general incorporation laws of the State of Florida, referring specifically to building and loan associa- Powers entions, are hereby enlarged and extended to enable them to add a savings department to said company, in which department deposits of any amount may be received, either subject to check, or for which said company may issue time or de larged. 1897. Right to buy stocks, etc. mand certificates of deposit, and on which deposits interestmay be paid at such a rate, and subject to such conditions as may be prescribed by law. SEC. 2. That said company shall have the right and power for the convenience of its depositors and customers to buy and sell bonds, stocks, gold and silver coin, bullion, bank notes, drafts, bills of exchange or other negotiable securities, and sell bonds, and to certify checks; but shall make no loans excepting under the limitations prescribed by the general laws of this State governing building and loan associations, and acts amendatory thereof or referring thereto. And the said corporation shall be liable and subject to the general laws of the State applicable to banks in all respects as if it were incorporated thereunder. SEC. 3. That this act shall take immediate effect upon its approval by the Governor. Approved June 2, 1897. Constitu'ed a corporate body. CHAPTER 4630-[No. 116.] AN ACT to Incorporate the Veteran Association of Putnam Whereas, On the 14th day of June, 1888, a large number of surviving soldiers and sailors of the Federal and Confed erate armies and navies, residents of the county of Putnam, State of Florida, did organize an association under the name of the "Veteran Association of the Blue and Gray of Florida," by electing proper officers and adopting rules and regulations for the government thereof; and Whereas, Said association has continued to maintain its existence and has greatly strengthened and enlarged its power of usefulness by adopting a constitution, by laws, ritualistic burial service and regulation badge of honor; and, Whereas, Said association desires to secure legal recognition of priority of organization and ample power for more extended field of usefulness by special charter from the State; therefore, Be it enacted by the Legislature of the State of Florida: SECTION 1. That Joseph D. Points, W. H. Cyrus, M. I. Cox, J. C. Vertrees and Joseph Price, present officers of said association and their successors in office, together with the members whose names are enrolled upon the record book of said association, are hereby constituted a corporate body under the name of the "Veteran Association of the Blue and Gray of Florida.” 1897. Object of SEC. 2. The object of said association shall be to unite in one common bond of comradeship, the surviving soldiers and sailors of the Federal and Confederate armies and navies; to strengthen the feelings of fraternal relations now existing ass ciation. between the survivors of said armies and navies; to unite in rendering assistance in the memorial service of deceased comrades by furnishing an escort and guard of honor, and performing the ritualistic burial service as prescribed by the rules and regulations of said association, and render assistance to deserving members, their widows and orphans in distress. Power to have own real estate. and use seal and SEC. 3. Power is hereby granted said association to have and to use a common seal; to own in fee simple, or in trust, any real estate that may be acquired by said association, either by gift or purchase, together with any moneys that may be bequeathed or donated to said association for the purpose of aiding said association in carrying out its work. SEC 4. The said association is hereby empowered to extend its work in the State of Florida by organizing subordinate organizations in the towns and cities of the State of Florida, with power to issue to the same charters, constitu- May organize tions, by laws, regulations, balges and copies of the ritualistic burial service. Power is also given to said association to render still more complete their organization by organizing companies and regiments in said State, to issue commissions, discharges, transfer cards, letters of commendation, and to prescribe a regulation uniform to be worn by its officers and members. subordinate associations. SEC. 5. The headquarters of said association shall be and Headquarters remain in the city of Palatka, Florida, from whence all of association. orders, charters and commissions shall issue. SEC. 6. All power not herein specified and necessary for said association to carry into effect the purpose of its organization and not inconsistent with the Constitution and laws of this State is hereby granted. SEC. 7. Power is hereby granted to said association, with the consent of a majority vote of its members, to designate Rank of officers any official rank by which its officers may be known and styled. Approved May 27, 1897. 1897. Amendment. poses of corporation. CHAPTER 4631-[No. 117.] AN ACT to Amend Sections 2, 3, 5, 6, 7, 8 and 10, of an Act Entitled an Act to Incorporate The Florida Chautauqua Association, Approved February 12, 1885. Be it enacted by the Legislature of the State of Florida: SECTION 1. That Section 2, of Chapter 3665 of the Laws of Florida, approved February 12th, 1885, be and the same is hereby amended to read as follows: Section 2. The name and title of the corporation shall be the Florida, Chautauqua Association, and enjoy succession for the period of one hundred years, unless sooner dissolved as hereinafter provided. Its domicile and business office shall be at DeFuniak Springs, Walton county, State of Florida, and it shall have a corporate seal. It may contract, sue and be sued, in its corporate capacity, but no shareholder shall be liable for the contract or faults of this corporation except by his written consent or agreement. SEC. 2. That Section 3 be and the same is hereby amended to read as follows: Section 3. The object and purposes of this corporation are to establish and maintain an Educational Institution known as The Florida Chautauqua Assembly, having annual Object and pur- or semi-annual sessions as may be deemed expedient with courses of lectures and class instruction in art, science, philosophy, history, literature, theology and moral and other branches of study, the same to held at DeFuniak Springs, Florida, and the Florida Chautauqua Association shall have full power to purchase, hold and convey personal and real property, and erect buildings as said, The Florida Chautauqua, Association may deem proper. Board of SEC. 3. That Section 5 be and the same is hereby amended to read as follows: Section 5. All of the business of the corporation shall be under the control of a Board of Directors, consisting of president, vice-president, secretary, treasurer, and seven other persons all to be chosen by a majority vote of the capital stock, each shareholder being entitled to cast one vote for each share of stock owned by him or her, and the election of said Board of Directors shall be held annually, after due notice given in the manner provided by law. SEC. 4. That Section 6 be and the same is hereby amended to read as follows: |