The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1905-12-07

County:-Ihe petition OF j.. I. Powers
w. G. Raoul, !, Carroll Payne, Hugh T.
lnman, Charles A. Conklin, Frank
Hawkins and Earnest Woodruff, of
Atlanta, Ga, and Mouitrie M. Sessions.
Robt. H. Northcutt, Jas T. Anderson
and Geo II. Sessions, of Marietta, Ca,
respectfully shows:
Section 1. 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
Tor 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. 3. The amount of capital to be
employed by them actually paid in in
cash, or in property its reasonable
equivalent, is Six Hundred thousand
5000, 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 (SIoo) Dollars each,
which shall be entitled to dividends at
the fixed rate of six per centun per
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 o
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
r The common stock to consist of All issue
: of Five Thousand $4,000 shares of the
par value of One Hundred (SIoo) 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
4 the outstanding preferred stock exceed
Il Five Hundred Thousand $500, ooo) Dol
lars in par value, or the Outstanding
common stock exceed One Million
81, 900, ooo) Dollars In par value.
Sec. a. The principal business they
propose to carry on is the manufactur-
ing, producing, purchasing, selling and
dealing in 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
u and all materials that are now or here
T after may be used in connection with
q such manufacture, including the manu-
r. facture and production of wood pulp,
u chemical pulp and other fibre
Sec. S. The right to purchase, Dor
. row, own, lease, manage, control and
> operate on such terms and condition as
9 to this corporation may seem proper.
u water water rights, power, electrical
and other power, and to own and oper-
y ate water works, sewerage, electric
, light, steam heating, ice, cold storage
i and gas plants, having the right to build
plants of its own or to acquire existing
' plants or TO own stock in such corpora
! tons as the stockholders of said com
/ pany may deem TO the best interest of
= the company.
y q Sec. 8. The right to carry OH other
y business whether manufacturing or
otherwise which may seem to the COM
: pany capable Of being conveniently car
! ried on in connection with the above or
calculated directly or indirectly to en-
nance the value of the company'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 amy part of the liabilities
OF any person, firm, association or cor
; poration and to pay for the sameN in
i, 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-
{ quire; 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
Z poration.
Sec. g. 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 indi vidu-
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
I, of their business.
i 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.
CLAY s. BLAIR,
Il II q r. O.