PLAN OF MERGER AND MERGER AGREEMENT
for Merger of
Levy County State Bank
Farmers and Merchants Bank of Trenton
Branford State Bank
with and into
Capital City Bank
Under the charter of Capital City Bank
Under the title of "Capital City Bank"
This Plan of Merger and Merger Agreement is made and entered into by
and among:
(1) Levy County State Bank (hereinafter referred to as "Levy County
State Bank"), a financial institution organized under the laws of the
State of Florida, with its main office located at 0000 Xxxxx Xxxxx
Xxxxxxxxx, Xxxxxxxxx, Xxxxxxx, Xxxxxx of Levy, and branch offices as
set forth on Exhibit A attached hereto;
(2) Farmers and Merchants Bank of Trenton (hereinafter referred to as
"Farmers and Merchants Bank of Trenton"), a financial institution
organized under the laws of the State of Florida, with its main office
located at 000 Xxxx Xxxx Xxxxxx, Xxxxxxx, Xxxxxxx, Xxxxxx of
Xxxxxxxxx, and branch offices as set forth on Exhibit B attached
hereto;
(3) Branford State Bank (hereinafter referred to as "Branford State
Bank"), a financial institution organized under the laws of the State
of Florida, with its main office located at 000 Xxxxxxxx Xxxxxx,
Xxxxxxxx, Xxxxxxx, Xxxxxx of Suwannee; and
(4) Capital City Bank (hereinafter referred to as "Capital City
Bank"), a financial institution organized under the laws of the State
of Florida, with its main office located at 000 X. Xxxxxx Xxxxxx,
Xxxxxxxxxxx, Xxxxxxx, Xxxxxx of Xxxx, and trust office and branch
offices as set forth in Exhibit C attached hereto; each acting
pursuant to a resolution of its Board of Directors, adopted by the
vote of a majority of its directors, pursuant to the authority given
in accordance with the provisions of Sections 658.40 through 658.45,
Florida Statutes, witnesseth as follows:
SECTION 1
Levy County State Bank, Farmers and Merchants Bank of Trenton, and
Branford State Bank shall be merged with and into Capital City Bank
(hereinafter sometimes referred to as "the Resulting Bank"). The
Resulting Bank shall continue under the charter of Capital City Bank.
SECTION 2
The name of the Resulting Bank shall be "Capital City Bank." The
Resulting Bank will exercise trust powers.
SECTION 3
The business of the Resulting Bank shall be that of a state banking
and trust corporation. This business shall be conducted by the
Resulting Bank at its main office, which shall be located at 000 Xxxxx
Xxxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxx. The location of each branch
office and trust service office of the Resulting Bank shall be as set
forth in Exhibit D attached hereto.
SECTION 4
Levy County State Bank, Farmers and Merchants Bank of Trenton,
Branford State Bank, and Capital City Bank (hereinafter sometimes
collectively referred to as the "constituent banks") have a common
shareholder, which is Capital City Bank Group, Inc. (hereinafter
referred to as "CCBG"). At the effective time of the merger, all of
the issued and outstanding shares of common stock of Levy County State
Bank, Farmers and Merchants Bank of Trenton, and Branford State Bank,
all of which are owned by CCBG, shall be delivered to CCBG for
cancellation. CCBG's ownership of the stock of Levy County State
Bank, Farmers and Merchants Bank of Trenton, and Branford State Bank,
shall be merged and reflected in its ownership of stock of the
Resulting Bank. At the effective time of the merger, all of the
presently issued and outstanding shares of the common stock of Capital
City Bank, all of which are held by CCBG, shall continue to be issued
and outstanding shares of the Resulting Bank, and shall continue to be
held by CCBG, and each certificate of Capital City Bank, evidencing
ownership of any and all such shares, shall continue to evidence
ownership of the same number of shares of common stock of the
Resulting Bank. No provision has been made for the manner of
disposing of shares of the Resulting Bank not taken by dissenting
shareholders of the constituent banks, because there can be no
dissenting shareholders, as the merger is contingent upon the approval
of a majority of the shareholders of each of the constituent banks,
and each of the constituent banks has a single (common) shareholder.
SECTION 5
There shall be Five Thousand (5000) authorized shares of a single
class of capital stock of the Resulting Bank. The par value of each
such share shall be One Hundred Dollars ($100.00). At the time the
merger shall become effective, the Resulting Bank shall have a Surplus
of $23,925,370.00 and Retained Earnings of $81,031,029.00, adjusted,
however, for normal earnings and expenses between July 1, 1997, and
the effective time of the merger. There will be no preferred stock.
SECTION 6
All assets of Levy County State Bank, Farmers and Merchants Bank of
Trenton, and Branford State Bank, as they exist at the effective time
of the merger shall pass to and vest in the Resulting Bank without any
conveyance or other transfer; and the Resulting Bank shall be
considered the same business and corporate entity as each constituent
bank with all the rights, powers, and duties of each constituent bank,
including trust powers, and the Resulting Bank shall be responsible
for all the liabilities of every kind and description, including
liabilities arising out of the operation of a Trust Department as of
the effective time of the merger.
SECTION 7
The names of the directors and executive officers of the Resulting
Bank shall be as set forth on Exhibit E attached hereto. These
persons shall serve until the next annual meeting of shareholders or
until such time as their successors have been elected and have
qualified.
SECTION 8
This agreement may be terminated prior to the effective time of the
merger by the mutual consent of the Boards of all of the constituent
banks.
SECTION 9
This Agreement is subject to the approval of the sole shareholder of
each of the constituent banks, and the merger shall become effective
at the time specified in a Certificate to be issued by the Comptroller
of Florida, pursuant to Section 658.45, Florida Statutes, under the
seal of his office, approving the merger.
SECTION 10
This agreement is also subject to the following terms and conditions:
(a) The Florida Department of Banking and Finance shall have approved
this Plan of Merger and Merger Agreement and shall have issued all
other necessary authorizations and approvals for the merger, including
a Certificate of Merger.
(b) The appropriate federal regulatory agency shall have approved the
merger and shall have issued all other necessary authorizations and
approvals for the merger, and any statutory waiting period shall have
expired.
SECTION 11
Effective as of the time this merger shall become effective as
specified in the "Certificate of Merger" to be issued by the
Comptroller of Florida, the Articles of Incorporation of the Resulting
Bank shall read as set forth in Exhibit F, attached hereto and hereby
incorporated herein by this reference.
WITNESS the signatures and seals of said constituent banks as of the
29th day of July, 1997, each hereunto set by its President and
attested by its Secretary, pursuant to a resolution of its Board of
Directors, acting by a majority thereof.
Levy County State Bank
/s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx
President
Attest:
/s/Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx
Secretary
Farmers and Merchants Bank of Trenton
/s/ H.E. Xxxxxx
H.E. Xxxxxx
President
Attest:
/s/Xxxxx Xxxx
Xxxxx Xxxx
Secretary
Branford State Bank
/s/ Xxxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxxx
President
Attest:
/s/Xxxxxx Xxxxxxxx
Xxxxxx Xxxxxxxx
Secretary
Capital City Bank
/s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx
President
Attest:
/s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx
Secretary
EXHIBIT A
LOCATION OF BRANCH OFFICES OF LEVY COUNTY STATE BANK
1. 000 Xxxx Xxxxxxxx
Xxxxxxx, Xxxxxxx 00000
2. Xxxxxx xx 0xx & X. Xxxxxx
Xxxxx Xxx, Xxxxxxx 00000
3. Xxxxxx xx Xxxxxx Xxxxxx & Xxxxxxx 00 Xxxx
Xxxxxx, Xxxxxxx 00000
4. 000 Xxxx Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx 00000
EXHIBIT B
LOCATION OF BRANCH OFFICES
OF FARMERS AND MERCHANTS BANK OF TRENTON
5. Xxxxxxx 000 & Xxxx Xxxxxx
Xxxx, Xxxxxxx 00000
6. Xxxxxxx 00 & 00
Xxxxxxx Xxxxxxx, Xxxxxxx 00000
EXHIBIT C
LOCATION OF BRANCH AND
TRUST SERVICE OFFICES OF
CAPITAL CITY BANK
Main Office:
1. 000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
(also includes Trust Service Office)
Branch Offices:
2. 0000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
3. BankLink (Call Center)
0000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
4. 0000 Xxxxxxxxxxx Xxxx
Xxxxxxxxxxx, Xxxxxxx 00000
5. Xxxxxxxx'x Xxxxxx Xxxx
Xxxxxxxxxxx, Xxxxxxx 00000
6. 0000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
7. 0000 Xxxxx Xxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
8. 0000 Xxxxxxxxxxxx Xxxxxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
9. 0000 Xxxxxxxxx Xxxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
10. 0000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
11. 0000 Xxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
12. 0000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
13. 0000 Xxxxxxxxxxx Xxxx
Xxxxxxxxxxx, Xxxxxxx 00000
14. 0000 Xxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
15. 00000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxx Xxxxxxx, Xxxxxxx 00000
16. 0000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxx Xxxx, Xxxxxxx 00000
17. 0000 X. X.X. Xxxxxxx 00
Xxxxxxxxx, Xxxxxxx 00000
18. 0000 Xxxxx Xxxxxxxxxxx Xxxxxxxxx
Xxxxxxx Xxxxx, Xxxxxxx 00000
19. 000 XX X.X. 00
Xxxxxxx Xxxxx, Xxxxxxx 00000
20. 000 Xxxx Xxxxxxxxxx Xxxxxx
Xxxxxxxxxxxxx, Xxxxxxx 00000
21. 000 Xxxxx Xxxx Xxxxxx
Xxxxxx, Xxxxxxx 00000
22. 000 Xxxx Xxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxx 00000
23. 0000 Xxxxxxx Xxxxxxxxx
Xxxxxx Xxxx, Xxxxxxx 00000
24. 000 Xxxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxx 00000
25. 000 Xxxx Xxxx Xxxxxx
Xxxxxxx, Xxxxxxx 00000
26. 000 Xxxxxxx Xxxx Xxxxxxxxx
Xxxx Xxxxxx, Xxxxxxx 00000
27. 000 Xxxx Xxxxx Xxxxxx
Xxxxx, Xxxxxxx 00000
EXHIBIT D
LOCATION OF BRANCH AND
TRUST SERVICE OFFICES OF
THE RESULTING BANK
Main Office:
1. 000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
(also includes trust service office)
Branch Offices:
2. 0000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
3. BankLink (Call Center)
0000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
4. 0000 Xxxxxxxxxxx Xxxx
Xxxxxxxxxxx, Xxxxxxx 00000
5. Xxxxxxxx'x Xxxxxx Xxxx
Xxxxxxxxxxx, Xxxxxxx 00000
6. 0000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
7. 0000 Xxxxx Xxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
8. 0000 Xxxxxxxxxxxx Xxxxxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
9. 0000 Xxxxxxxxx Xxxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
10. 0000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
11. 0000 Xxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
12. 0000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
13. 0000 Xxxxxxxxxxx Xxxx
Xxxxxxxxxxx, Xxxxxxx 00000
14. 0000 Xxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxx 00000
15. 00000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxx Xxxxxxx, Xxxxxxx 00000
16. 0000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxx Xxxx, Xxxxxxx 00000
17. 0000 X. X.X. Xxxxxxx 00
Xxxxxxxxx, Xxxxxxx 00000
18. 0000 Xxxxx Xxxxxxxxxxx Xxxxxxxxx
Xxxxxxx Xxxxx, Xxxxxxx 00000
19. 000 XX X.X. 00
Xxxxxxx Xxxxx, Xxxxxxx 00000
20. 000 Xxxx Xxxxxxxxxx Xxxxxx
Xxxxxxxxxxxxx, Xxxxxxx 00000
21. 000 Xxxxx Xxxx Xxxxxx
Xxxxxx, Xxxxxxx 00000
22. 000 Xxxx Xxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxx 00000
23. 0000 Xxxxxxx Xxxxxxxxx
Xxxxxx Xxxx, Xxxxxxx 00000
24. 000 Xxxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxx 00000
25. 000 Xxxx Xxxx Xxxxxx
Xxxxxxx, Xxxxxxx 00000
26. 000 Xxxxxxx Xxxx Xxxxxxxxx
Xxxx Xxxxxx, Xxxxxxx 00000
27. 000 Xxxx Xxxxx Xxxxxx
Xxxxx, Xxxxxxx 00000
28. 0000 Xxxxx Xxxxx Xxxxxxxxx
Xxxxxxxxx, Xxxxxxx 00000
29. 000 Xxxx Xxxxxxxx
Xxxxxxx, Xxxxxxx 00000
30. Xxxxxx xx 0xx & X. Xxxxxx
Xxxxx Xxx, Xxxxxxx 00000
31. Xxxxxx xx Xxxxxx Xxxxxx & Xxxxxxx 00 Xxxx
Xxxxxx, Xxxxxxx 00000
32. 000 Xxxx Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx 00000
33. 000 Xxxx Xxxx Xxxxxx
Xxxxxxx, Xxxxxxx 00000
34. Xxxxxxx 000 & Xxxx Xxxxxx
Xxxx, Xxxxxxx 00000
35. Highway 19 amd 98
Xxxxxxx Xxxxxxx, Xxxxxxx 00000
36. 000 Xxxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxx 00000
EXHIBIT E
DIRECTORS AND EXECUTIVE OFFICERS
OF THE RESULTING BANK
DIRECTORS:
Names Addresses
XxXxxx Xxxxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxx X. Xxxxxx Xxxx Xxxxxx Xxx 0XX
Xxxxxxxxxxx 00000
C. Xxx Xxxxxx Xxxx Xxxxxx Xxx 0000
Xxxxxxxxxxx, XX 00000
J. Xxxxxxxx Xxxxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxx X. Xxxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
E. Xxxxxx Xxxxxx Xxxx Xxxxxx Xxx 000
Xxxxxx, XX 00000
Xxxxxx X. Xxxxxxx 000 Xxxx Xxxx Xxxxxx
Xxxxxxxxxxx, XX 00000
R. Xxxx Xxxxxxx 0000-X Xxxxxxx Xxxxxx, XX
Xxxxxxxxxxx, XX 00000
Blucher B. Lines Xxxx Xxxxxx Xxx 000
Xxxxxx, XX 00000
Xxxxxxx X. Xxxxxxxx Xxxx Xxxxxx Xxx 000
Xxxxxx, XX 00000-0000
Fount H. May, Jr. Route 2, Xxx 000-X
Xxxxxx, XX 00000
S. Xxxxx XxXxxxxx Xxxx Xxxxxx Xxx 0000
Xxxxxx, XX 00000
Xxxxx X. Xxxxxxxx, Xx. Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
X. Xxxxx Xxxxxx 000 Xxxxxx Xxxx
Xxxxxxxxxx, XX 00000
Xxxxxx X. Xxxxxx 000 Xxxx Xxxxxxxxxx
Xxxxxxxxxx, XX 00000
M. Xxxxxxx Xxxxxx 000 0xx Xxxxxx Xxxx
Xxxxxx, XX 00000
Xxxxxxx X. Xxxx 000 Xxxxxxxxxx Xxxx
Xxxxxxxxxxx, XX 00000
Xxxx X. Xxxxxx Xxxx Xxxxxx Xxx 0000
Xxxxxxxxxxx, XX 00000
Xxxxxxx X. Xxxxxx Xxxx Xxxxxx Xxx 00000
Xxxxxxxxxxx, XX 00000
Xxxx X. Xxxx 000-X Xxxx Xxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
Xxxxxx X. Xxxxxxxx 0000 Xxxx Xxxxxxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
Xxxxxxx X. Xxxxx 0000 Xxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
Xxxxxxx Xxxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
X. Xxxxxx Xxxxx, Xx. Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxxx X. Xxxxx, Xx. Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxx X. Xxxxx, Xx. Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxx X. Xxxxxxxx, Xx. Xxxxx 0, Xxx 00-X
Xxxxxxxxxx, XX 00000
Xxxx Xxxxxx Xxxxxxxx Xxxx Xxxxxx Xxx 0000
Xxxxxx, XX 00000
EXECUTIVE OFFICERS:
Names Office Addresses
Xxxxxxx X. Xxxxx, Xx. Chairman Post Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxx X. Xxxxxx President Post Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxxx Xxxxx Vice Chairman Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxxxx X. Xxxxxx Executive Vice President Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxxxx X. Xxxxxxx Executive Vice President Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
G. Xxxxxxx Xxxxx Executive Vice President Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
X. Xxxxxxxxx Xxxxx Chief Financial Xxxxxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxxx X. Xxxxxxxx President, Capital City Post Office Box 900
Services Company Xxxxxxxxxxx, XX 00000
EXHIBIT F
ARTICLES OF INCORPORATION OF THE RESULTING BANK
ARTICLES OF INCORPORATION OF CAPITAL CITY BANK
The undersigned, acting as Directors for the purpose of amending and
restating the Articles of Incorporation for Capital City Bank, to
provide for new Articles effective as of the effective date of the
merger of Levy County State Bank, Farmers and Merchants Bank of
Trenton, and Branford State Bank with and into Capital City Bank,
hereby adopt the following Articles of Incorporation.
ARTICLE I.
Name
The name of this Corporation shall be CAPITAL CITY BANK. The initial
street address of its main office shall be 000 Xxxxx Xxxxxx Xxxxxx,
Xxxxxxxxxxx, Xxxx Xxxxxx, Xxxxxxx.
ARTICLE II.
Nature of Business
The general nature of the business to be transacted shall be that of a
general banking business, including the exercise of trust powers, as
provided by the laws of the State of Florida.
ARTICLE III.
Stock
The amount of the capital stock of the Corporation shall be Five
Thousand Shares (5,000) with a par value of One Hundred Dollars
($100.00) per share.
If the capital stock is increased by the sale of additional shares
thereof, each shareholder shall be entitled to subscribe for such
additional shares in proportion to the number of shares of said
capital stock owned by him at the time the increase is authorized by
the shareholders, unless another time subsequent to the date of the
shareholders' meeting is specified in a resolution adopted by the
shareholders at the time the increase is authorized. The Board of
Directors shall have the power to prescribe a reasonable period of
time within which the preemptive rights to subscribe to the new shares
of capital stock must be exercised.
ARTICLE IV.
Powers
This Corporation shall have banking and trust powers and all the
corporate powers enumerated in the Florida Business Corporation Act.
ARTICLE V.
Term of Corporate Existence
This Corporation shall exist perpetually unless dissolved according to
laws of Florida.
ARTICLE VI.
Number of Directors
The Board of Directors of this Corporation shall consist of not fewer
than five (5) individuals, the exact number of Directors to be fixed
and determined from time to time by resolution of the shareholders at
any annual meeting thereof; provided, however, that if authorized by a
majority of the shareholders by appropriate action at the next annual
meeting, a majority of the full Board of Directors may, at any time
during the year following the annual meeting of shareholders in which
such action has been authorized, increase the number of Directors
within the limits specified above, and appoint persons to fill the
resulting vacancies, provided further, that in any one year not more
than two such additional Directors shall be authorized pursuant to
this provision.
ARTICLE VII.
Annual Meeting
The annual meeting of the shareholders for the election of Directors
and the transaction of whatever other business may be brought before
said meeting shall be held at the main office or such other place as
the Board of Directors may designate, on such day of each year as is
specified in the Bylaws; provided, however, that when the day fixed in
the Bylaws for the regular annual meeting of the shareholders falls on
a legal holiday, the annual meeting of the shareholders shall be held
on the next banking day.
Nominations for election to the Board of Directors may be made by the
Board of Directors or by any shareholder of any outstanding class of
capital stock of the bank entitled to vote for election of Directors.
Nominations, other than those made by or on behalf of the existing
management of the bank, shall be made in writing and shall be
delivered or mailed to the President of the bank not less than 14 days
nor more than 50 days prior to any meeting of shareholders called for
the election of Directors, provided, however, that if less than 21
days notice of the meeting is given to shareholders, such nomination
shall be mailed or delivered to the President of the bank not later
than the close of business on the seventh day following the day on
which the notice of meeting was mailed. Such notification shall
contain the following information to the extent known to the notifying
shareholder: (a) the name and address of each proposed nominee; (b)
the principal occupation of each proposed nominee; (c) the number of
shares of capital stock of the bank that will be voted for each
proposed nominee; (d) the name and residence address of the notifying
shareholder; and (e) the number of shares of capital stock of the bank
owned by the notifying shareholder. Nominations not made in accordance
herewith may, in his discretion, be disregarded by the Chairman of the
meeting, and upon his instructions, the vote tellers may disregard all
votes cast for each such nominee.
ARTICLE VIII.
Initial Board of Directors
The initial Board of Directors shall consist of twenty-eight (28)
persons. The initial members of the Board of Directors of this
Corporation shall hold office until the first annual meeting of the
shareholders, and thereafter until their successor or successors are
elected. The names and addresses of the initial members of the Board
are as follows:
Names Addresses
1. Xxxxxx, XxXxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
2. Xxxxxx, Xxxxxx X. Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
3. Xxxxxx, C. Bob Xxxx Xxxxxx Xxx 0000
Xxxxxxxxxxx, XX 00000
4. Xxxxxx, X. Xxxxxxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
5. Xxxxx, Xxxxx X Xxxx Xxxxxx Xxx 000
Xxxxxxxxxx, XX 00000
6. Xxxxxx, X. Xxxxxx Xxxx Xxxxxx Xxx 000
Xxxxxx, XX 00000
7. Xxxxxxx, Xxxxxx X. 000 Xxxx Xxxx Xxxxxx
Xxxxxxxxxxx, XX 00000
8. Xxxxxxx, X. Xxxx 0000-X Xxxxxxx Xxxxxx X.X.
Xxxxxxxxxxx, XX 00000
9. Lines, Blutcher B. Xxxx Xxxxxx Xxx 000
Xxxxxx, XX 00000
10. Xxxxxxxx, Xxxxxxx X. Xxxx Xxxxxx Xxx 000
Xxxxxx, XX 00000-0000
11. May, Jr., Fount H. Xxxxx 0, Xxx 000-X
Xxxxxx, XX 00000
12. XxXxxxxx, X. Xxxxx Xxxx Xxxxxx Xxx 0000
Xxxxxx, XX 00000
13. Xxxxxxxx, Jr., Xxxxx H. Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
14. Xxxxxx, X. Xxxxx 000 Xxxxxx Xxxx
Xxxxxxxxxx, XX 00000
15. Xxxxxx, Xxxxxx X. 000 Xxxx Xxxxxxxxxx
Xxxxxxxxxx, XX 00000
16. Xxxxxx, X. Xxxxxxx 000 0xx Xxxxxx Xxxx
Xxxxxx, XX 00000
17. Moor, Xxxxxxx X. 000 Xxxxxxxxxx Xxxx
Xxxxxxxxxxx, XX 00000
18. Xxxxxx, Xxxx X. Xxxx Xxxxxx Xxx 0000
Xxxxxxxxxxx, XX 00000
19. Xxxxxx, Xxxxxxx X. Xxxx Xxxxxx Xxx 00000
Xxxxxxxxxxx, XX 00000
20. Xxxx, Xxxx 000-X Xxxx Xxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
21. Xxxxxxxx, Xxxxxx X. 0000 Xxxx Xxxxxxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
22. Xxxxx, Xxxxxxx W. 0000 Xxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
23. Xxxxx, Xxxxxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
24. Xxxxx, Xx., X. Xxxxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
25. Xxxxx, Xx., Xxxxxxx X. Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
26. Toole, Jr., Giles C. Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
27. Xxxxxxxx, Xx., Xxxx X. Xxxxx 0, Xxx 00-X
Xxxxxxxxxx, XX 00000
28. Xxxxxxxx, Xxxx Xxxxxx Xxxx Xxxxxx Xxx 0000
Xxxxxx, XX 00000
ARTICLE IX.
Officers
The Corporation shall have a Chairman, President, and
Secretary/Treasurer, and may have additional officers and assistant
officers including, without limitation thereto, one or more Vice
Presidents. A person may hold more than one office. The names and
addresses of the initial officers are as follows:
Xxxxxxx X. Xxxxx, Xx., Chairman
Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxx X. Xxxxxx, President
Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxxx Xxxxx, Vice Chairman
Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxxxx X. Xxxxxx, Executive Vice President
Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxxxx X. Xxxxxxx, Executive Vice President
Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
G. Xxxxxxx Xxxxx, Executive Vice President
Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
X. Xxxxxxxxx Xxxxx, Secretary/Treasurer
Post Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
Xxxxxxx X. Xxxxxxxx, President, Capital City Services Co.
Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
The Board of Directors shall have the power to appoint such other
officers and employees as may be required to transact the business of
this Corporation; to define the duties of the officers and employees
of the Corporation; to fix the salaries to be paid to them: to dismiss
them; to require bonds from them and to fix the penalty thereof; to
manage and administer the business and affairs of the Corporation; to
make all Bylaws that it may be lawful for them to make; and generally
to do and perform all acts that it may be legal for a Board of
Directors to do and perform.
ARTICLE X.
Main Office
The Board of Directors shall have the power to change the location of
the main office to any other location, without the approval of
shareholders but subject to the approval of the Division of Banking,
State of Florida; and shall have the power to establish or change the
location of any branch or branches of the Corporation to any other
location, without the approval of the shareholders but subject to the
approval of the Division of Banking, State of Florida.
ARTICLE XI.
Indemnification of Directors and Officers
Any person, his heirs, executors, or administrators, may be
indemnified or reimbursed by the Corporation for reasonable expenses
actually incurred in connection with any action, suit, or proceeding,
civil or criminal, to which he or they shall be made a party by reason
of his being or having been a director, officer, or employee of the
Corporation or of any firm, corporation, or organization which he
served in any such capacity at the request of the Corporation, to the
fullest extent permitted by Florida law.
The Corporation may, upon the affirmative vote of a majority of its
Board of Directors, purchase insurance for the purpose of indemnifying
its directors, officers, and other employees to the extent that such
indemnification is allowed in the preceding paragraph. Such insurance
may, but need not, be for the benefit of all directors, officers, or
employees.
ARTICLE XII.
Amendment
These Articles of Incorporation may be amended at any regular meeting
or special meeting of the shareholders by the affirmative vote of the
holders of a majority of the stock of this Corporation, unless the
vote of the holders of a greater mount of stock is required by law,
and in that case by the vote of the holders of such greater amount.
IN WITNESS of the foregoing, the undersigned directors have executed
these Articles of Incorporation as of the 22nd day of July, 1997.
Signature Address
Xxxxxx, XxXxxx Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
/s/ Xxxxxx X. Xxxxxx Post Office Box 900
Xxxxxx X. Xxxxxx Xxxxxxxxxxx, XX 00000
/s/ C. Xxx Xxxxxx Post Office Box 3789
C. Xxx Xxxxxx Xxxxxxxxxxx, XX 00000
/s/ J. Xxxxxxxx Xxxxxx Post Office Box 391
J. Xxxxxxxx Xxxxxx Xxxxxxxxxxx, XX 00000
/s/ Xxxxx X. Xxxxx Post Office Box 483
Xxxxx X. Xxxxx Xxxxxxxxxx, XX 00000
/s/ E. Xxxxxx Xxxxxx Post Xxxxxx Xxx 000
X. Xxxxxx Xxxxxx Xxxxxx, XX 00000
/s/ Xxxxxx X. Xxxxxxx 000 Xxxx Xxxx Xxxxxx
Xxxxxx X. Xxxxxxx Xxxxxxxxxxx, XX 00000
Xxxxxxx, R. Gary 0000-X Xxxxxxx Xxxxxx X.X.
Xxxxxxxxxxx, XX 00000
/s/ Blucher B. Lines Post Office Box 550
Blucher B. Lines Xxxxxx, XX 00000
/s/ Xxxxxxx X. Xxxxxxxx Post Office Box 000
Xxxxxxx X. Xxxxxxxx Xxxxxx, XX 00000-0000
/s/ Fount H. May, Jr. Xxxxx 0, Xxx 000-X
Fount H. May, Jr. Xxxxxx, XX 00000
/s/ S. Xxxxx XxXxxxxx Post Office Box 0000
X. Xxxxx XxXxxxxx Xxxxxx, XX 00000
/s/ Xxxxx X. Xxxxxxxx, Xx. Post Office Box 749
Xxxxx X. Xxxxxxxx, Xx. Xxxxxxxxxxx, XX 00000
/s/ X. Xxxxx Xxxxxx 000 Xxxxxx Xxxx
X. Xxxxx Xxxxxx Xxxxxxxxxx, XX 00000
/s/ Xxxxxx X. Xxxxxx 000 Xxxx Xxxxxxxxxx
Xxxxxx X. Xxxxxx Xxxxxxxxxx, XX 00000
/s/ M. Xxxxxxx Xxxxxx 305 9th Street East
M. Xxxxxxx Xxxxxx Xxxxxx, XX 00000
/s/ Xxxxxxx X. Xxxx 000 Xxxxxxxxxx Xxxx
Xxxxxxx X. Xxxx Xxxxxxxxxxx, XX 00000
/s/ Xxxx X. Xxxxxx Post Office Box 4168
Xxxx X. Xxxxxx Xxxxxxxxxxx, XX 00000
/s/ Xxxxxxx X. Xxxxxx Post Office Box 14019
Xxxxxxx X. Xxxxxx Xxxxxxxxxxx, XX 00000
/s/ Xxxx X. Xxxx 000-X Xxxx Xxxxx Xxxxx
Xxxx X. Xxxx Xxxxxxxxxxx, XX 00000
Xxxxxx X. Xxxxxxxx 0000 Xxxx Xxxxxxxxx Xxxxx
Xxxxxxxxxxx, XX 00000
/s/ Xxxxxxx X. Xxxxx 0000 Xxxxx Xxxxx
Xxxxxxx X. Xxxxx Xxxxxxxxxxx, XX 00000
/s/ Xxxxxxx Xxxxx Xxxx Xxxxxx Xxx 000
Xxxxxxx Xxxxx Xxxxxxxxxxx, XX 00000
/s/ J. Xxxxxx Xxxxx, Xx. Post Office Box 900
J. Xxxxxx Xxxxx Xxxxxxxxxxx, XX 00000
/s/ Xxxxxxx X. Xxxxx, Xx. Post Office Box 900
Xxxxxxx X. Xxxxx, Xx. Xxxxxxxxxxx, XX 00000
Toole, Jr., Giles X. Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxx, XX 00000
/s/ Xxxx X. Xxxxxxxx, Xx. Xxxxx 0, Xxx 00-X
Xxxx X. Xxxxxxxx, Xx. Xxxxxxxxxx, XX 00000
/s/ Xxxx Xxxxxx Xxxxxxxx Post Office Box 1018
Xxxx Xxxxxx Xxxxxxxx Xxxxxx, XX 00000
Before me, the undersigned Notary Public, in and for the State of
Florida at Large, personally appeared: Xxxxxx X.Xxxxxx; C. Xxx Xxxxxx;
J. Xxxxxxxx Xxxxxx; Xxxxx X. Xxxxx; E. Xxxxxx Xxxxxx; Xxxxxx X. Xxxxxxx;
Xxxxxxxx B. Lines; Xxxxxxx X. Xxxxxxxx; Fount H. May, Jr.; S. Xxxxx XxXxxxxx;
Xxxxx X. Xxxxxxxx, Xx.; X. Xxxxx Xxxxxx; Xxxxxx X. Xxxxxx; M. Xxxxxxx Xxxxxx;
Xxxxxxx X. Xxxx; Xxxx X. Xxxxxx; Xxxxxxx X. Xxxxxx; Xxxx X. Xxxx;
Xxxxxxx X. Xxxxx; Xxxxxxx Xxxxx; X.Xxxxxx Xxxxx; Xxxxxxx X.Xxxxx, Xx.; and
Xxxx X. Xxxxxxxx, Xx.; and Xxxx Xxxxxx Xxxxxxxx, personally known to me and
known by me to be the individuals described in and who executed the foregoing
Articles of Incorporation for CAPITAL CITY BANK, and each being duly sworn
severally acknowledged that he executed the same for the use and
purposes therein expressed.
IN TESTIMONY WHEREOF, I have hereunto affixed my signature and
notarial seal this 22nd day of July, 1997.
/s/Xxxx Xxxxxxxx
Notary Public - State of Florida at Large
My Commission Expires: March 16, 2001
