The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1905-11-23
Application For Charter
GEORGIA Cobb County:

IL Il L ~
w. 6. Raoul, ]. Carroll Payne, Hugh I.
Inman, Charles A. Conklin, Frank
Hawkins and Earnest Woodruff. of
Atlanta, Ga, and MoulTie NJ. Sessions,
Robt. II. Northcutt, Jas T. Anderson
and Geo Fl. Sessions, of Marietta Ca,
respectfully shows:
Section ]. That they desire for them
selves, their associates, successors and
assigns, to be incorporated under the
corporate name of the Georgia Manu-
featuring and Public Service Company
for term of twenty (2o) years with the
privilege of renewing according to law.
Sec. 2. The object of their association
is pecuniary profit to the members there
OF, as the result of business to be carried
on as hereinafter specified.
Sec. ). The amount Of capital to be
employed by them actually paid in in
cash, or in property its reasonable
equivalent, is Six Hundred Thousand
$500, ooo) Dollars, to be evidenced by
capital stock of two classes, to be desig-
mated preferred stock and COMMON
stock, respectively The preferred stock
is to consist of an issue of One Thousand
(I ,ooo) shares of stock of the par value
of One Hundred $500 Dollars each,
which shall be entitled to dividends at
the fixed rate of six per centumipeE
annum, cumulative; that is to say, any
deficiency in dividends declared and
paid on this stock short of said fixed
rate for any year or years shall be de-
clared and paid out of profits for sue
ceeding year or years, and no dividends
shall be paid on the common stock until
full dividends shall have been paid at
said fixed rate upon the preferred stock
for each year of its existence; in case of
distribution of the assets of said corpor-
alton to its stockholders, the holders of
preferred stock shall receive the amount
of the par value of their stock, and no
more, and any remaining assets shall be
distributed to the holders of the COM
mon stock, who shall not be entitled to
share in the distribution of assets until
the holders of preferred stock shall have
received their fun share as aforesaid.
The common stock to consisa of an issue
of Five Thousand $4,000 shares Of the
par value of One Hundred ($Ioo) Dol
lars each.
That they desire the right from time
to time to increase the issue of preferred
stock by affirmative vote of the holders
of, at least, two-thirds of each class of
stock preferred and common-out-
standing at the time of such increase;
and the right to increase the common
stock from time to time by affirmative
vote of the holders of, at least, two
thirds of the common stock only, out
standing at the time of any such in
crease, provided that at no time shall
the tstaAding preferred stock exceed
Five Hundred thousand $500, ooo) Dol
lars i'll par value, or the outstanding
common stock exceed One Million
($I 900, ooo) Dollars in par value.
Sec. A. The principal business they
propose to carry on is the mauufactur-
ing, producing, purchasing, selling and
dealing i'll any and all kinds of paper,
paper bags, box board, paper boxes.
paper cones and the like and dealing in
any and all kinds of ingredients, pro-
ducts and compounds thereof and any
and all materials that are now or here
after may be used in connection with
such manufacture, including the manu-
facture and production of wood pulp,
chemical pulp and other fibre
Sec. S. The right to purchase, bor4
row, own, lease, manage, control and
operate on such terms and condition as
to this corporation may seem proper,
water, water rights, power, electrical
and other power, and to own and oper-
ate water works, sewerage, electric
light, steam heating, ice, cold storage
and gas plants, having the right to build
plants OF its own or to acquire existing
plants or to own stock in such corpora
tlons as the stockholders of said COM
nv ~ IN
the company
Sec. 6. The right to carry on other
business whether manufacturing or
which may seem to the COM
pany capable Of being conveniently car
ried on iii connection with the above or
calculated directly or indirectly to en-
nance the value of the co1npany's prop
erty or rights, having the right to
acquire the good will, rights, property
and assets of all kinds, and to undertake
the whole or any part of the liabilities
OF any person, firm, association or cor
poratlon and to pay for the same in
cash, stock, bonds or other securities of
this corporation, or otherwise.
Sec. 7. That they desire the right,
power and privilege to do all things,
acquire and hold all property that may
be appropriate to the lawful conduct Of
their business, and to dispose of such
property by use, sale, or otherwise, as
the interest of said business may re-
4uire; and the right and power to incur
Indebtedness, to be evidenced by notes
or bonds, which. may be secured by
pledge, mortgage or conveyance of title
Of any or of all the assets of said cor
poration.
Sec. 8. Their principal place of bust
ness to be in the city of Marietta, Ca,
and they propose to carry on their opera
tons in other places in said State, and
in other States, as the interest of their
business may require.
Sec, 9. Stockholders to be indiyidu.
ally liable only to the extent of their
unpaid subscription.
Sec. 10. They desire to adopt such
rules, regulations and bylaws that may
be necessary for the proper operations
of their business.
Wherefore, your petitioners pray that
this honorable court would be pleased to
pass this order, incorporating them as
above prayed, with all the rights, pow
ers and privileges as above set forth and
otherwise provided by law, and subject
to all duties and obligations imposed BY
law, and your petitioners will ever pray.
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