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HomeMy WebLinkAboutScan_0888 t" 227 I -- r". 1. ~his trust shall oontinue for the term of fifty years. at whioh time the then board i II'Of trustees shall prooeed to wind up its affairs. liquidbte 1te aBsete. and distribute the 88me amOJl8;" the holders of the shares aooording to theIr respeotive interests as represented ! :b, the oertlfioates; Jrovided however that if prior to the expiration of this period. the i ;holders of at-least two-thirds of the shares then outstanding shall, at a meeting oallej fori !~t purpoee vote to terminate the trust or oontinue it fore longer period. then seid trust i l !shall either terminate or oontinue for suoh further period as may then be determined. 2. ~or the purpose 01 winding up the aff'lrs and liquidating the aSEets of the ttust. Ithe then Board of ~rusteeB sholl oontinue in offioe until such duties hove been fully perfor~ . I ~.d. ARTICLE X. 1. ~he Mmes of eboh subscriber hereto a nd the number of sheres subscribed, is 8S follows: H. P. Willlamt. 30 Iharee. W. &. Tylander. 6 Sharee. _ E. L. Prioe. 5 Shores, W. B. 'l'il ton. 6 Shares. H. H. Nioon. 6 Shares. ~ 2. Until the first annual meeting of the shareholders. the followlD$ officers shall oonduot the business of the crf-anization: W. i$ Ty1ander. . ( W. B. l'i1 ton. H. P. 'bUliems. President. Yloe,Presldent Se~retary-Tr.asurer. ~ 3. Until the first annual meeting of tee Ehare holders. H. P. lilliLms shall be general manager. to cbrry on and oonduot the bffairs of the orgenl~6tion. under hD; by direotion of ,the truEtees. ARTICLE XI. 1. This agreement Bnd Deo16ratlon of Trust may be eltered or emended. eaoept ap regards the liability of the tru,tees. 8t eny annual meeting or special meeting of the shareholders- with the oonsent of at lea~t two-thirds of the sh~res then outst~ndlng, ~rovided notice of \th~ pro~osed amend~ent or alteration shall have been given in the c~ll for the meeting; and 'in the event of such amendment or Alteration. the Efime shall be attaohed to this bgreement and mode & part of the same. and shall also be recorded in the of1ice of the Clero of Circuit 'Court. St. Luoie County. Ilorida. 2. l:he trustees herein _med. bnd their E!'lO;essors. moy do all and singular such things os may be neces~ary or advantageous in the eKeoution of the foregoing powers. or any of them. and not lnconsietent the~:ith. and to manage, control and conduct thiE l:rust as full, ss if the Trusteee were the absolute ownere of the trust estate. ( 3. Ahe naming of any B~clfio authority and ~ower. herein shell not te oonstrued 08 ,limiting the general powtree oonfewred upon trustees. In Ytitne&s ~hereof the 66id H. P. liillhme. II. 6. 'J.ylonder. E. L. Prioe. W. B. Tilton. and R. lit Hioou. h&ve hereunto set their honds and affixed their se~ls in token of their 'respectl., 8ocelptano. of the ~rust hereinbefore men'!oned, for themselves and their euooe- ,..ore; l ~ ADd the 8614 H. P. Wl111ems, W. B. Tylander, B. L. Prioe W. B. ~11ton. end R. H. Hlcou. i Subsoribers. have hereunto. likewise. set their respeotive h6nds and affixed their reepeotivt ~ i ! ,sea18 in token of their respeotive asse... to. end epproY81s of. the terms of the sold Trust; :,,'.~',<::f~:~;-t.~~}};'; .:: ~" '. '".~~~~:~,~/