Fitzgerald enterprise. (Fitzgerald, Ga.) 1895-1912, 1904-09-08

NSSA SAn1 Ii VIII COuuLys
The petition of Drew w. Paulk, D.
B. Jay and Clayton Jay, all of said
county and state, respectfully shows:
1. That they desire for themselves,
their associates, successors aud as
signs, to become Incorporated under
the name and style of the South
Georgia Land and Immigration Com
pany.
2. The term for which petitioners
ask to be incorporated is twenty (2o)
years, with privilege of renewal at
the end of that time.
8. The capital stock of the said
corporation Is to be Five Thousand
(S5,OO0) Dollars, divided into shares
of One Hundred (s10O00) Dollars
each. Petitioners however ask the
privilege of increasing the capital
stock from time to time not exceed
ing in the aggregate Twenty Five
1926, 000.00) Dollars.
4. Ten (1O per cent) of the said
capital stock of Five Thousand
($5, 000.00) Dollars has already been
actually pad in.
s. The object of the proposed COR
poration Is pecuniary profit and gain
to it's stockholders. Petitioners pro-
pose to carry on general real estate
business, and to buy, sell, lease, and
obtain option on, and improve land,
and to buy, sell, lease, and obtain
options on timber, and to appoint
agents and to act as agents in the
transaction of said real estate busi-
ness, and to do all the usual, neces-
sary and proper acts which pertain
to or may be connected with the
business.
6. They desire the power to own,
sell, mortgage, pledge, and hypothe-
cate real and personal property; to
borrow and to loan money, and to
secure the same by deed, mortgage,
hypothecation of collateral, bond
note, or any chooses In action, and to
issue bonds or notes; and other such
privileges as will be necessary for
the proper conduct of such business.
q. That In addition to the above
powers and privileges, your petition
ers pray that they may have power
to make bylaws. not inconsistent
with the laws of the land; to have the
power and authority to elect or ap-
point such officers as they, In. their
corporate capacity, may determine
upon; to pass such rules and regula-
tions as they may deem necessary in
the control and management of the
business of the corporation, and in
the carrying into effect the purpose,
object, and ends of the same.
8. That the personal liability of
each stakeholder shall cease and de-
termine, when he shall have paid his
stock subscription in full, or shall
have paid out of his property, debts
OF said corporation equal to his
amount of unpaid subscription.
8. The principal office and place
of business of the proposed corpora
ton will be in the city of Fitzgerald,
said state and county, and petition
ers desire the privilege of establishing
branch offices in any other town or
county in said state, when they may
deem 1t to their interest so to do.
Wherefore petitioners pray to be
made body corporate under the
name and style aforesaid, with all OF
the rights set forth in the foregoing
petition, entitled to the rights, privi-
leges and immunities, and subject to
the liabilities fixed by law.
This September SAd, 1904.
JAY & JAY,
Atty's for petitioners.
Georgia, Irwin County.
/, j. H. Young, Clerk of the Su-
perior Court in and for said county,
do hereby certify that the above and
foregoing is a true and exact copy
of the application for charter OF "Tht
South Georgia Land and Immigra
ton Company now on file in sale
office.
Witness my hand and official sigma
ture, this 3rd day of September, 1904
J. II. YOUNG,
! O. of 8, o