Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1911-02-18
APPLICATION FOR CHARTFR
County.

GEORGIA-Sumter County.
To the Superior Court of Said Count,,.
The petition of J. D. MCLAUGHLIN ana
Wright Terrence of Ben Hill Coun-r
Georgia, and w. E. James Of Crisr
County, Georgia, respectfully shows.
First.
That they desire for themselves
their associates, successors and a.
signs, to be incorporated as a rrivara
corporation, under the name and stvie
of Cobb Turpentine Company, for
period of twenty years, with priyiIag~
of renewal at the expiration Of thai
time.
Second
That the object of said corporation 4s
pecuniary gain and profit for the
stockholders thereof, and its princinaI
place of business shall be at or near
Cobb in said Sumter County, Georgi9.
but petitioners ask that said corD0ro.
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 ($2OOOOOO), divided into
shares of the par value of One Hun
dred Dollars each. with the privilege
e increasing said capital stock, at any
regular or special meeting of tie
stockholders, to any amount not tn
exceed Seventy-five Thousand Dollars.
and the like privilege of decreasing
said capital stock to any amount NOT
less than Twenty Thousand Dollars
| ($20,000.G0).
Fourth.
| That the particular business which
they desire to carry on as such cor
poration 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
OF the corporation. In connection with
the business aforesaid petitioners de-
sire and ask that said corporation be
! empowered and fully authorized IN
purchase, own, hold, improve, sell and
convey all kinds of property, whether
real, personal or mixed, and also 10
handle and dispose of all such proper
ty on commission; and to do and per-
form every act and thing which NAV
he necessary and convenient for the
) gag on of the business of the
G. 2 $ation 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-
rations in general, and especially the
following powers and privileges:
To sue and be sued; to have and
use a corporate seal; to elect a pres
ident, vice president, secretary and
treasurer, and such other officers, in
Guiding q board of directors. as NAV
be deemed eXpedient, and to prescribe
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
or borrow money. and to secure tbs
same in such manner as may be deem.
ed eXpedient; to make or issue notes
, bonds, debentures or other negotiable
, instruments or securities, and to Sc
cure the same by mortgage, pledge
trust-deed, or otherwise, and to pro.
vide for the payment thereof; to LEI
i or rent out any of its property or thu
whole thereof whenever in the opinion
of the directors it is to the best in
terest of the company, and under likt
circumstances to let or hire it's fran
! chises, or other property, for the pur
pose of raising money, and to removt
at any time, by majority vote of tn
" stockholders of said corporation an!
3 of the officers of the same
] Sixth.
Petitioners desire and pray tina
@ no shareholder shall be liable to tht
creditors of the corporation, except tC
the extent of any unpaid balance due
on his stock subscription.
. Seventh.
. petitioners pray that they and their
, associates, successors and assigns, nc
incorporated under the name and
. style, and for the period and purposes
and with the powers, privileges and
immunities aforesaid.
S. KENNEDY,
Attorney for Petitioners.