Fla. Stat. § 616.02

The proposed charter of a fair association shall be acknowledged by at least three of its subscribers, each a person of good character and reputation, before an officer authorized to make acknowledgment of deeds, which subscribers shall also make and subscribe to an oath, to be attached to the proposed charter, that the primary object of the association is public service; that there has been provided for the purposes of the association property, money, and other available assets in value exceeding $5,000; and that the association intends in good faith to carry out the purposes and objects set forth in its charter.