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c$KripicaTa oP xxo~x~o~iTZax 1331gg
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B.G.M. D~EVEIAPMBNr O~RP. ~
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• ARTICLE I o w ,c !
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. The name of this corporation ~shaii be: ~ o
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. ~ ~ B.C$.M. DEVELOPMENT UORP•. . . . ~ 1
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. ~ ARTICLE II '
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~ The general nature of the business uf this c~pc~iat~b~ ~
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shall be : ~
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~ Ca~ To engage in and operate a general businesa of land~~
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develop~ment aad the development of aubdivisions, '~'C`~,
construction of homes and buiidings, together with •
~ sale of said land, lots, homes and buildings;
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. Cb)'~To buy, sell, exchange, mortgage, manage, operate, •
lease~, or ~therwise acquire ~or dispese of any pro-
~ pcrty, real or personai, and the improvement thereaf;
~ Cc~ To clo alI other things, and have and exercise a11 of .
the powers, rigbts and privileges noMr or beYeafter
~ conferred by the laws of the State of Plorida upon
+ corpurations.
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k . ~ ARTICLB III
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t The maximum number of shares of par value stock that this ~
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f corporation is suthorized to have outstanding ~tt ~ny time, rtith
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the distinguishing.characteriatics of each, if any, under which
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. the same are divided, and the nominal or par vaiue of stock are ~
+ as foilows: .
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~ CCMMON STOCK: This corperation shali bave not more than
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~ 500 sba~ces of common stock autstanding at any time. The common
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~ atock sh~tli have a par value ef $100.00 per shsxe, and shall be
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- ~ , fuliy paid and non-assessabie . The hoiders of eacb sliare of . _ ~
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commoa stock sha11 have one C1) vote for e~ch share or+ned.
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f , .~..80~~ n .~~I ~ ~ ~ .
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