PROSPECTUS



 TERRITORY.
 Eight hundred thousand acres of lands, situated in the
southeastern portion of the State of Florida, acquired by
purchase from the State of Florida.

 STOCK ISSUES.
 All stock shall be sold for cash or its equivalent, and
when issued shall be fully paid and non-assessable.

 DISTRIBUTION OF STOCK.
 $1,ooo,ooo.oo par value, io,ooo
shares, shall be paid for the fran-
chises ....................... io,ooo shares, $1,ooo,ooo
 $4,000,000.00 par value, 40,000
shares, shall be disposed of by the
Board of Directors for cash, or its
equivalent; or so much thereof as
may be necessary for the proper
expenses of the company ........ 40,000 shares, 4,000,000
 50,000 shares, $5,000,000

 No certificate of stock shall be issued until the said stock
 has been paid for in full in cash, or its equivalent. All values
 of lands, labor, machinery, services, charter privileges, or
 other things of value received in payment of stock, shall be
 fixed by the Board of Directors.