The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1890-03-13
STATE OF GEoRGIA-coBB coUN>

To the Superior Court of said county
johnson, s. f. Mayes, J. r Mckinney,
W. NJ. Frey, Asa Darby. Newt Mayes,
Martin Frey, j. A. Sibley, j. Y. Alexan~
der and G. B. Sewell showeth that they
and their associates and successor desire to
be incorporated under the name Of the
Farmers Alliance Corporation of Cobb
County,, and its place of business shall be
in the city Of Marietta, Ga.
SEC. 2nd. The purposes for which this
corporation is organized are to conduct a
general mercantile business, to act as
agents for the purchase and sale of all
kinds OF farm, orchard produce and gener-
al forwarding agents for all kinds of com.
modities.
SEC. Sd, The capital stock of this corN
poration shall be two thousand dollars
(S2, OQ0) with power to increase to One
Hundred Thousand Dollars, and the
shares shall be ten dollars each, and no
one shall be allowed to own over twenty
shares.
Sec. 4. This corporation shall be con-
trolled by Board of Directors, eleven in
number, TO be elected by the shareholders
annually, and each stock holder allowed
as many votes as he owns shares said
election to be held in December and on
such day as majority of the stock holders
may agree upon in said month.
Sec. 8. This corporation shall exist for
ten years with power to lengthen the time
indefinitely If majority Of the share holdA
ers desire 1t, and it may he dissolved at
any time aNer thirty days notice liz
Marietta JOURNAL, ifatwo>thirds majority
OF the stock holders shall desire.
Sec 6. The board of directors shall
organize IS other bodies and they shall
elect and hire some responsible business
sllianceman as agent TO run the business.
taking sufficient bond TO cover allss respon-
sibility, and the books OF said agent shall
be open for inspection of the board 1T ali
tines.
Sec. 2. This corporation shall have
power by and under it's corporate name to
enjoy the following rights: 1t shall be
capable ia law to purchase, receive and
hold and enjoy lands, goods, chAttles and
property OF any kind and effects of whats
soever, the Hght 70 grant sell, mortgage
and dispose OF, TO sue and be sued, plead
and be impleaded, contract and be con-
tracted with, 20 make common seal or
other and brake the came, 10 establish
by laws to govern the corporation, to issue
and float debentures On other bonds.
Sec. 8. 1ftheTe should be any aocumu-
lation OF profits above running expenses
it shall be divided among the share holders
according to the number of shares owned.
Sec. 9. No share holder snail ever be
held liable or responsible for the contracts
or faults of this corporation in any further
sum than the shares he owns in said cor.
poratton, nor shall any informally in or
ganization have the effect of rendering
this charter null and void, nor shall a
failure to elect the bosrd of directors on
the date specified dissolve this corporation,
but the then existing board shall hold
office till their successors are elected and
placed in charge of the business. And
your petitioners will ever pray etc.
J. E. MOTLEY,
Petitioners Attorney.
A true transcript from the minutes of
Cobb Superior Court.
W. R. MONTGOMERY, C. S. G.