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; in ta~or of said organiz8~ion. dated April 7th. 1923. and reoorded in offioe of'Olerk
Oi~ouit Oourt. St. Luoie OountS. :florida. and transferrable Only on the bQoks of this orgon1,,""'!.'
1.i1~'Pr~pbl~s~;J I.w~h., ~ J.tv... ~C>-a.;O. .
IN Witness .hereot, the said organization h6s oaused this Certifioate to be eigned
by its duly authorized offioers. and its seal to be hereto affixed this the----day ot---u~
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A. D., 192--.
__________________________President,
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SecretiJry.
3. The trustees mn~ from time to time deolare and pay dividends out of net earn-
ings reoeived by them. but suoh amounts paid in dividends and the time of payment thall be
wholly in the 4isoretion of said trustees.
4. The trustees may, with the consent of the majority of the shareholders. issue
suoh additional shares, in bddition to the ori~in8l onpitar hereinbefore providp.d. of suoh
par value and in such .umbers as they may deem neoesssry to provide added meens to o~rry on
the busine~6 of the trust. and they W8Y well the shares hereunder and suoh added sheres at
~iV8te o~ publiC Bble. under suoh terms and oonditionb as they may deem expedient.
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ARTICLE V I.
The flso&l year of the i'rustees shall end on the 31st day of .Deoember in etJoh yair.
Annual meeiiggs of the ehareholders for the election of trustees anu the tranB8ction of
other business shall be held at ~ort Pieroe. ~lorid6. on the second iuesday in January, in
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ARTICLE VII.
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each year, beginning ~ith January. 1924i of ~hich meeting notic0 shall be given by the
Seoretary by mail.at least ten dcys Letore such meeting.
1. The d6sth of a shareholder or a trustee during the continuence of this trust
eball not operate to determine the truit, nor shall it entitle the heirs or legal represen-
tatives of the deceased shureholder to ~n ~ocounting. or to take ~otion in the courts. or
eleewhere. ageinst the trustees; but the heirs. legal repre~ent&tivee or assigns of any de-
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deB sed shareholder shall suooee~ to the rights of Esid decedent under this trust, upon
surrender of the certifiobte for the (hares owned by him.
2. The ownership of shares hereunder shall not entitle the ehareholder to sny title
in or to the trust property whatsoever. or the-right to oell for a partition or division of
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the same. or 10r~80counting.
AliTICLK VIII.
1. The trustees sh&ll have no: ~.er to hind a shareholder personally. and the
Bubsoribers end their assigns and ell persons and corporations ex~onded credit to. oontraoted
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with. or having any claLm agninet the trustees, shsll look only to the funds and property
of the trust for payment under such contraot or olaim. or for the payment of any debt.
dam8ge. judgment. or any money that mey otherwise beoo.. due or payable to them from the
trustees. sO that neither the trustees nor the shareholders. preeent or future, shfill be
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peraonelly liable therefor.
2. In~.very written contraot, order or obligation which the trustees ~hall giv~
or enter into. it shall be the duty of the trustees to stipulate that neither the trustees
nor the shareholders shull be personally liable by reason of such order. oontract of obli-
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sa tion.
3. ~he books of oooount shall be open for the Insoeotion of the shereholders 6t
all reasonable times.
ARTICLE IX.
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