The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1890-03-06
STATE OF GEoRGIA-coBB coUN>

To the Superior Court of said county
The petition OF r. T. Nesbitt, F. ii.
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 pun poses 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 cor
poration shall be two thousand dollars
(S2, OO0) 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
sach day as majority of the stock holders
may agree upon in said month.
Sec. 5. This corporation shall exist for
ten years with power to lengthen the time
indefinitely if majority Of the share holds
ers desire it, and it may be dissolved at
any time after thirty days notice in
Marietta JOURNAL, ifa twoethirds majority
of the stock holders shall desire.
Sec 6. The board of directors shall
organize as other bodies and they shall
elect and hire some responsible business
alllanceman as agent to run the business
taking sufficient bond to cover all. respon.
slbility, and the books of said agent Shall
be open for inspection of the board at ali
times.
Sec. Z. This corporation shall have
power by and under its corporate name to
enjoy. the following rights 1t shall be
capable In law to purchase, receive and
hold and enjoy lands, goods, chattles and
property OF any kind and effects of whats
soever, the right to grant sell, mortgage
and dispose of, to sue and be sued, plead
and be implicated, contract and be con-
tracted with, to make common seal or
other and brake the same, to establish
by laws to govern the corporation, to issue
and float debentures on other bonds.
Sec. s. If there should be any accumu-
lation OF profits above running expenses
1t shall be divided among the shareholders
according to the number of shares owned.
Sec. g.. No share holder SHALL ever be
held liable or responsible for the contracts
or faults of this corporation in any further
sum than the ShAras he Ownc in cold oor
poratton, nor shall any informality in or.
ganization have the effect of rendering
this charter null and void, nor shall a
failure to elect the board 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. &.