Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1911-06-25
APPLICATION FOR CHARTER.
GEORGIA-Sumter County.
To the Superior Court of said
County:

county,
The petition of H. c. Bass and R,
L. Reid, of Sumter County, Ca, re-
spectfully show to the Court:
l. They desire for themselves, their
associates, successors and assigns to
be made a body corporate under the
name of "Leslie-De Soto Telephone
Company" for a period of Twenty
Years, with the privilege of renewal at
the expiration of that time, if desired.
2. The principal Office and place OF
business is to be Leslie, Sumter Coun-
ty, Ga, but your petitioners desire the
right to establish branch offices within
this state, or elsewhere as may be
deemed proper in the extension of this
business.
s. The amount of Capital Stock TO
be employed by said corporation is
Two Thousand Dollars, which sum has
been actually paid in; with the priyil-
eye of increasing said capital stock
from time to time to an amount not 10
exceed the sum of Eight thousand dol
lars, by a vote of majority of the
stock outstanding at the time. That
the stock shall be divided into shares
of $4,000 each; and petitioners desire
the right to have subscriptions to cap
ital stock paid in money or property to
be taken at a fair valuation, which
privilege is to be determined by a
vote of a majority OF stock in eX!s-
tence at the tine.
f. The object of said Corporation is
pecuniary gain to itself and Its
shareholders
s. The business to be carried on by
said corporation is a general Tele-
phone business, to build, equip,
maintain and construct tele-
phone lines, exchanges, buy,
sell, rent telephones, to charge
tolls on said telephone lines and to
collect rents from it's subscribers for
the use of telephones and its telephone
lines,-and to establish exchanges at
such points as said corporation may
deem necessary and to do any and all
other things that may be necessary
in carrying on are usual
and incident to the business Of
a general telephone business,-said
telephone lines, and exchanges, to be
built. constructed and maintained N
the counties of Sumter and Lee, State
of Ga, and such other territory as
said corporation may determine.
6. Petitioners desire the right TO
sue and be sued; plead and be i'm
pleaded; to have and use a common
seal; to make all necessary bylaws
and regulations not inconsistent with
their charter and the laws of the
state of Georgia, and to do all things
that may be necessary for the success
full carrying on of said telephone bus
mess; including the right to buy, hold
aid sell real estate, and personal
property suitable for the purposes OF
the corporation, to execute notes
bonds, as evidences of Indebtedness
incurred, or which may be incurred in
the conduct of the affairs of the cor
poration, and to secure the same by
mortgage, security deed, or other form
of lien under existing laws. or other
laws that may be enacted during the
life of this corporation.
Z. No share holder shall be liable
to the creditors of the corporation ex-
cept to the extent on an unpaid bal
ance due on his stock subscription
nor then if he has paid debts of tht
corporation equal to his unpaid sub.
cription
g. Petitioners desire for said cor.
poration the power and authority to
apply for and accept amendments to
its Charter of either form or sub
stance, by a majority of stock out
standing at the time. And for author
ity to wind up its affairs, liquldate
and discontinue its business at any
time it may determine to do so.
Wherefore petitioners prays to be
incorporated under the name and
style as above set out, with the pow
ers, privileges and immunities herein
set forth, and as are now, or may
hereafter be allowed a corporation Of
like character, under the laws OF
Georgia. ]. B. HUDSON,
Petitioners Attorney.