Fort Walton Beach Resolution — 82-22-Ind Revenue Bonds-Gator Distributors — reading text

TOTAL TOTAL % O~ YOUR . MORTGAGE DESCRIPTION AND LOCATION OF ~ TOTAL JRrT PROPERTY AND IMPROVEMENTS Pr~ COST VAL BtT MORTGAGE EQUITY or~,R. EQUITY HELD BV 12 Acres Bossier Parish 200, 000 1/ 6 33, 000 11) Tote' Ca, riacl Over to Line 11 ( V////~ EDUlE D LIFE INSURANCE FACE CASH AMT. OF LOAN POLICY PLEDGED OR NAME OF COMPANY OWNER BENEFICIARY ASSIGNED TO AMOUNT VALUE IF ANY 1~) 32) Totals Carried Over to lines 14 and 32 EDULE E ALL OTHER DEBT DATE AMOUNT HOW PAYABLE SECURITY NAME OF CREDITOR INCURRED OWING 22) Total Carried Over to Line 22 Ie oulhorize The Bonk of Commerce to obtain ony creel It Informe.' I you require concerning this Statement, and thl' . to.......t """ In' granted. The u.. e" IOft" 1 r property whether the loon i. or I, not ifie. that both . ide. hereof and the Info, motlon In. ertect thereon been cor~ fully read and is true and correct to the best of my, wledge,  STATEMENT OF f j~ C1AL COND1: \ I w ULY 15, 1981 o GUS S. MIJA.'-: I~ SHREVEPORT, LOUISIANA ASSETS 15, 850. 00 SH ON HAND AND I N BANKS NET VALUE APPRAISAL 1, 685, 000. 00 o TRAVIS PARTNERSHIP ( 1/ 3 OF 85\) ( 6, 000, 000) 28, 500. 00 TES, LOANS AND OTHER ACCOUNT RECEIVABLES, V1NGS ACCOUNT 59, 800. 00 FE INSURANCE - CASH SURRENDER VALUE 78, 500. 00 RSONAL PROPERTY ( JEWELRY- FURNITURE) 45, 000. 00 HER STOCKS AND BONDS INTEREST IN 1, 000, 000. 00 RMERS SEAFOOD CO., INC. - ( 331/ 3\) FARMERS SEAFOOD CO., INC. A WHOLESALE OPERATI~ WITH PlJ)NTS IN SHREVEPORT #l) DALLAS AND A RETAIL OPERATI'ON WITH FOUR STORES IN SHREVEPORT INC. Cl/ 3 OF 35\- NET VALUE 4, 500, 000) 519, 750. 00 OR DISTRIBUTeR, INC. 1/ 2 INTEREST 350, 000. 00 S FINANCIAL, 2, 888, 535. 00 878 SHARES OF THE BANK OF COMMERCE STOCK @ 32. 50 POINTE COUPE' @ 20, OOO/ ACRE 2, 200, 000. 00 o ACRES OF ROYALTY - AL ESTATE - SEE SCHEDULE 3, 354, 887. 00 TOTAL ASSETS 12, 225, 822. 00 LIABILITIES TES PAYABLE TO BANKS -( INCLt. OES BOC ~ K STOCK) RTGAGES ~ REAL ESTATE 955, 300. 00 4, 500. 00 TES PAy,aLE( TO OTHERS TOTAL LIABILITIES 3, 456, 700. 00 NET WORTH 8, 769, 122. 00 NET WORTH T~ TAL LIABILITIES #I:) 12, 225, 822. 00 LA. tC _'  c o PRESIDENT 1. Maintain direct contact with Brewery personnel on all major factors, including obtaining and approving brands and packages for distribution; .negotiating franchises where appl icable; approve price structure for all packages; approve all promotions, incentive programs, etc.; and approve all media purchases for all brands. 2. Maintain direct contact with Board of Directors and Stockholders; cond.J. cts quarterly board meetings and annual Stockholdersl meetings. 3. Maintains direct contact with major' banking sources, obtaining long term financing and short term financing where necessary. 4. Maintains direct contact with all branches, setting brand quotas monthly, approve the organizational structure within each branch as to the n.. Jmber of personnel, pay structure, incentive and bon..Js programs; approves all major capital expenditures within each branch to insu re adequate warehouse, trucking and equipment requirements. 5. Maintains direct contact with local, state and federal agencies affecting the distribution and sale of beer; attending Beer Industry of Florida board meetings; attending all Brewery sponsored sales meet- ings, attending all National Beer Wholesalers Association etc.; and annual meetings.  r- f C> CERTIFICATE DESIGNATING PLACE OF BUSINESS OR DOMICILE FOR THE SERVICE OF PROCESS WITHIN THE STATE', NAMING AGENT. UPON WHOM P~ OCESS MAY BE SERVED. In pursuance of Chapter 48. 091, Florida Statutes, the following is submitted, in compliance with said Act: First, That GArOR HOLDINGS,. INC. C-- . desiring to organize under the laws of the State o!. Fl'prJ. da I c: r - '~. with its principal office, as indicated in the Art~cles' of-- ' Incorporation at City of Pensacola County of~' . Escambir..., I ro. ..... I named o Gwen L. Ki ng J 0' State of Florida, has c 1 located at 98 E. Garden Street - Pensacol.a, Floridi 32Sd1. l.. C Pensacol a Escambi a City of County of State of Florida, as its agent to accept service of process within this state. GATOR HOLDINGS, INC. By: ACKNOWLEDGMENT: been named to accept service of process for the Having above stated corporation, at place designated in this certificate, to act in this capacity, and agree to comply I hereby accept of said Act relative O/ keePing t~ open said \ with the provision office. ~ ~