The Dawson news. (Dawson, Ga.) 1889-current, 1911-03-08
PETITION FOR CHARTER.

Georgia, terrell County the
Superior Court of Terrell County:
The petition of A. j. Baldwin, J. D.
Hendrix, L. c. Hoyl and G. c. Crow
ell, all of said state and county, re-
spectfully shows:
1. That they desire for them
selves, their associates, successors
and assigns to be incorporated and
made body polite under the name
and style of The American Liquid
Cooler Company for a period of
twenty years.
2. The principal Office of said
company shall be in the city of Daw-
son, state and county aforesaid, but
petitioners desire the right to es-
tablish branch offices within this
state or elsewhere whenever the
holders of a majority of the stock
may so determine.
8. The object of said corporation
is pecuniary gain to itself and it's
shareholders.
4. The business to be carried on
by said corporation is the manufac-
ture or sale, or contracting for the
manufacture and sale, OF a patent
liquid cooler which they propose to
manufacture themselves or have 9TH
ers to manufacture for them, and
sell themselves, or have others to
sell for them, selling at both whole
sale and retail; also to sell state,
county, city, territorial and shop
rights either to manufacture or sell,
or both, of said patent liquid cooler;
buying or selling for cash or on
credit all such material, articles and
machinery as may be prOfitably or
conveniently handled in connection
herewith; also to act as general or
special agent for other persons or
companies in handling or selling any
article or class of articles appro-
pirate to their business, or that may
be conveniently connected Herewith,
making contracts as such agent; and
to exercise the usual powers and to
do all usual. necessary and proper
acts which pertain to or may be con-
nected with the business in which it
is proposed to engage.
5. The capital stock OF the COM
pany shall consist of forty thousand
dollars, divided into four thousand
shares of the par or face value of
ten dollars each, with the privilege
of increasing same to the sum of
one hundred thousand dollars by a
majority vote Of the stockholders,
said stock to be divided into shares
Of ten dollars each, and the increas-
ed stock may consist of either pre-
ferred or common stock, the terms
and limitations thereof, and the
rights and privileges Of preferred
stock over the common stock to
be such as are fixed in the resolu-
ton authorizing the issuance of such
preferred stock, and said corporation
may, if it sees fit, retire or decrease
said capital stock to any extent not
less than the minimum herein pre-
scribed, but such parts of the by
/ laws as relate to the rights of pre-
ferred stockholders shall not be al
tered, amended or rescinded without
the unanimous vote of all of said
preferred stockholders present and
voting at such meeting. Petitioners
desire the right to have the subscrip-
lions to said capital stock paid in
money or property to be taken at a
fair valuation. Ten per cent of the
! amount of capital to be employed
by them has already been actually
paid in.
o. Petitioners desire the right to
sue and be sued, to plead and be
implicated, to have and use a com
mon seal, to make all necessary by
laws and regulations, and to do all
other things that may be necessary
I for the successful carrying on of
said business, including the right to
buy, hold and sell real estate and
personal property suitable to the
purposes of the corporation, and to
execute notes and bonds as evidence
OF Indebtedness incurred, or which
may be incurred, in the conduct of
the affairs Of the corporation, and
to secure by mortgage, security-deed
or other form of lien under existing
! laws.
Z. They desire for said incorpor-
alton the power and authority to an
ply for and accept amendments to
It's charter of either form or sinh
stance by vote of a majority of
its stock outstanding at the time.
! lhey also ask authority for said
! incorporation to wind rp its affairs
l1quidate and discontinue it's bust
] ness at any time it may determine 70
DO SO by vote of two-thirds of its
stock outstanding at the time.
| .. They desire for said incorpor-
alton the right of renewal when and
as provided by the laws of Georgia
and that it have all such other
rights, powers, privileges and i'm
munities as are incident to like cor
Porations or permissible under the
laws of Georgia.
Wherefore petitioners pray to be
! incorporated under the name and
style aforesaid with the powers
i privileges and immunities herein SET
LoTth, and as are now or may here
aIIer be allowed corporation of
similar character under the laws of
Georgia. This March End, 1911
| l.. c. HOYL, Atty. for Petitioners
Filled in office this ard dow -