Fitzgerald enterprise. (Fitzgerald, Ga.) 1895-1912, 1907-03-02
Petition for Charter.
To the Superior Court of said Coun-

Garbutt and E. X. Farmer of said
County, w. 0. Donovan, of Bibb
County, said State, and Il. M. Gar
butt of Toombs County, said State,
respectfully shows as follows, to-wit:
1. That they desire for themselves,
associates, successors and assigns to
become incorporated under the name
and style of GARBUTT & DONOVAN
REALITY COMPANY.
2. The object of the proposed cor
poration is pecuniary profit and gain
to its share holders.
5. The term for which the petiti-
oners ask to be incorporated is
period of twenty years with privilege
for renewal as provided by law at
the expiration of that time.
1. The principal Office and place
of business shall be in Fitzgerald,
Ben Hill County, Georgia, but the
petitioners desire the privilege to
establish and operate branch offices
and places of business in any state in
the United States, as they may deem
to be to the interest of the share
holders.
5. Capital stock of said corpora
ton shall be One Hundred Thousand
$500 900 OO) Dollars divided into
shares of One Hundred ($100,00)
Dollars each, and petitioners desire
the right to increase said capital
stock flom time to time by two thirds
vote of the share holders at any
regular meeting, to any amount not
to exceed Five Hundred Thousand
($5Oo,OOO. Dollars
g. More than 10 percent of said
capital stock has already been actu-
ally paid in.
z. Petitioners propose to carry on
real estate and Improvement bust
ness and for that purpose they de-
sire the right to purchase, own, i'm
prove, hold, and convey, and to rent
or lease all kinds of property whether
real or personal; to lend or borrow
money and to issue bonds, notes or
other negotiable evidences of debt
and to secure same by mortgage,
pledge, deed of trust, or otherwise,
and to provide for payment thereof
and to do and perform such other
acts as may be necessary or con-
venient for the carrying OH of the
business of the corporation to the
best interest of the shareholders
thereof.
8. That in addition to the powers
and privileges as herein above reci-
ted, petitioners pray that said cor
Iporation be clothed and vested with
all the powers and privileges usual
and incident to corporations in gen.
eral and in addition thereto the
following powers and privileges; to
sue and be sued, to have and use
corporate seal, and that the execu-
tive power of said corporation shall
be vested in such officers as may be
elected by the share holders of said
corporation, with the privilege of
adopting such rules and regulations
and by laws as may be necessary for
operation of said business not in con-
fiict with the constitution and laws
of this State and of the United
States.
9. Petitioners desire that no share
holder of said corporation shall be
individually liable to the creditors of
the corporation beyond any unpaid
subscription for capital stock.
Petitioners pray that they and
their associates, successors, and
assigns may be incorporated under
the name and style aforesaid and for
the time and purpose aforesaid, and
with all the powers, privileges and
immunities aforesaid, and petitioners
will ever pray.
E. K. FARMER,
For the petitioners.
Georgia, Ben Hill County.
Office of Clerk of Superior Court.
1, D. W. M. Whitley, Clerk of the
| Superior Court of Ben Hill County,
do hereby certify that the above and
fore. going is a true and exact copy
of the original petition for charter
now on file in this office in the mat
ter of the Garbutt & Donovan Reality
Company.
Witness my hand and official sig
nature this 14th, day of February
1907.
D. w. NJ. Whitley,
Clerk Superior Court Ben Hill County