Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1911-02-17
APPLICATION FOR CHARTER
County.


To the Superior Court Of said Cour+,-.
The petition OF J. D, MCLAUGHLIN ami
Wright Terrence of Ben Hill Count,[
Georgia, and W. Z. James OF Criso
County, Georgia, respectfully shows.
First
That they desire for themse,va.
their associates, successors and as,
signs, to be incorporated as a irjvafa
corporation, under the name and s+vIo
of Cobb Turpentine Company. for
period of twenty years, with privilao-
OF renewal at the expiration of thar
! time.
Second
That the object of said corporation &c
pecuniary gain and profit for The
! stockholders thereof, and its princinaI
place OF business shall be at or near
CoDb in said Sumter County, Georgia.
but petitioners ask that said corpora,
ton may have the privilege and power
of establishing and operating the bust
ness OF the corporation at such other
places as may be desired.
Third.
That the capital stock of said cor
poration shall be Twenty Thousand
Dollars (S20,000.00), divided into
shares of the par value of One Hun
dred Dollars each. with the privilege
lcf Increasing said capital stock, at any
regular or special meeting of tte
stockholders, to any amount not II
exceed Seventy-ive Thousand Dollars.
and the like privilege of decreasing
said capital stock to any amount not
less than Twenty Thousand Dollars
$20,00000).
Fourth.
That the particular business which
they desire to carry on as such COR
IporatiOn is the manufacturing and SELL
ing of naval stores, farming, and the
operation in connection Herewith of
general mercantile business, and the
building, maintaining and operating of
such roads as may be necessary or
convenient for the uses and purposes
Iof the corporation. In connection with
the business aforesaid petitioners de-
sire and ask that said corporation be
empowered and fully authorized 10
purchase, own, hold, improve, sell and
convey all kinds of property, whether
real personal or mixed, and also TO
ty on commission; and to do and per
form every act and thing which may
be necessary and convenient for the
carrying on of the business Of the
corporation as herein indicated
Fifth.
That in addition to the powers and
/ privileges of doing the things herein
, before recited, petitioners desire and
pray that said corporation be clothed
and vested with all the powers and
privileges usual and incident to corpo-
.raJions in general, and especially the
, following powers and privileges:
To sue and be sued to have and
use corporate seal; to elect a pres
D ident, vice president, secretary and
treasurer, and such other officers, in
GLIDING a board Of directors, as NAV
be deemed eXpedient, and to prescribe
D their powers and duties; to make and
adopt a constitution and bylaws for
the government and direction of the
conduct and business of the corpora
. ton and the officers thereof to lend
n or borrow money. and to secure the
same in such manner as may be deem
ed eXpedient; to make or issue notes
L bonds, debentures or other negotiable
n instruments or securities, and to Sc
cure the same by mortgage. pledge
trust-deed, or otherwise, and to pro-
n vide for the payment thereof; 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 in
terest of the company, and under like
circumstances to let or hire its fran
d chises, or other property, for the pur.
g pose Of raising money, aud to remove
at any time, by majority vote of the
h stockholders of said corporation any
g of the officers of the same
il Sixth.
t. Petitioners desire and pray that
10 no shareholder shall be liable to the
- creditors of the corporation. except to
- the extent of any unpaid balance due
IS on his stock subscription.
D, Seventh.
Il Petitioners pray that they and their
n associates, successors and assigns, ne
! incorporated under the name and
u style, and for the period and purposes
and with the powers. privileges and
immunities aforesaid
S. KENNEDY,
Attorney for Petitioners