Fitzgerald enterprise. (Fitzgerald, Ga.) 1895-1912, 1908-02-06


shows:
l That they desire for themselves
their associates, successors and as
signs, to be incorporated as private
corporation, under the name and
style of Fitzgerald Lumber & Naval
Stores ECompany, for a period OF
twenty years, with privilege of re-
newal at the expiration of that time.
Q. That the OF ect of said corpoT-
alton Is pecuniary gain and profit
for the stock holders thereof, and It's
principal place of business shall be
in Ben Hill County, Georgia; but
petitioners ask that said Corpora
ton may have the privilege and
power of establishing md operating
the business of the Corporation at
such other places as may be desired
3. That the capital stock Of said
corporation shall be Sixteen Thous
and Dollars (S16 600 0)) divided into
shares of the par value of One Hun
dred Dollars each, anu petitioners
show that The whole of said capital
stock has already been paid in.
4. That the particular business
which they desire to carry on as such
corporation is the manufacturing
and selling of Naval Stores and lum
ber, farming, and the operation In
connection Herewith of a General
Mercantile Bushes. In connection
with the business aforesaid petition
ers dehire.and ask that said corpora
ton be empowered and fully author
lied to purchase, own, hold. improve
sell and convey al kinds of property
whether real, personal or mixed,
and also to handle and dispose of all
such property en- commissioner and
to do and p>rform every act and
thing which may be necessary or
convenient for the carrying on OF
the business of the corporation as
herein indicated.
5. That in addition to the powers
and privileges of doing the thirgs
hereinbefore recited, petitioners de-
sire and pray that said corporation
be clothed and invested with all the
powers and privileges usual and In
eli emit to such corporations in gen
eral, and especially tho following
powers and privileges:
To sue aad be sued; to have and
use corporate seal; to elect pres
ident, Vice President, Secretary and
Treasurer, and such other officers,
including Board of Directors, as
may be deemed expedient, and to
prescribe their powers and duties; to
make and adop5t constitution and
bylaws for the government a. dir
ection of the conduct and business OF
the corporation aud the officers there
Of: to lend or borrow money, and to
secure the same in such manner as
NAV be deemed expedient; to make
or issue notes, bonds, debentures or
other negotiable instruments or Sec
urities. and to secure the same by
mortgage, pledge, trust'deed or
other. wise, and to proviie for the
payment thereof; to increase the
Capital Stock of said Corporation at
any Stoc q holders Meeting by two
thirds majority vote of the stock
holders to any amount not exceeding
the sum of Fifty Thousand 1850, OOO)
Dollars, and in like manner to de-
crease the said capital stock to any
rmourt not less than the sum OF
Six Thousand Csc, 900 O0) Dollars; to
let or rent out any of its property or
the whole thereof whenever IN the
opinion of the Directors it is to the
best interests of the Company, and
under like circumstances to let or
hire it franchises, or other property,
for the purpose OF raising money; to
remove at any time by majority
vote or the stock holders any of the
Officers of said Corporation.
&. Petitioners desire and pray that
no holder Ehall be be liable TO
the Creditors of the Corporation, ex-
cept to the extent of any unpaid
balance due on his stock subscrip-
ton.
Z. Petitioners pray that they and
their associates, successors and as
signs, be incorporated under the
name and style, and for the period