Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1911-01-21
APPLICATION FOR CHARTER.

GEORGIA-Sumter County
To the Superior Court of >,id rou,+,,.
The petition Of ]. ID. Mel quchIin a,,5
wright Terrence Of Ben Hin County,
Georgia, and W. r. James of Crisp
County Georgia, respectfully shows.
First
That they desire for themselves
their associates, successors and as
signs, to be incorporated as a private
corDoration under the name and STYLE
Of Cobb Turnentine Company, for q
cried Of twenty years. with privilege
Of renewal at the expiration of that
time
Second.
That the object of said corporation is
pecuniary gain and profit for the
stockholders thereof and its principal
place of business shall be at or near
Cobb in said Sumter COUNTY Georgia
but petitioners ask that said corpora
ton NAV have the privilege and power
of establishing and operating tho bust
ness Of the corporation at such other
places as may be desired
Third
That the capital stock of said cor
noration shall be Twenty Thousand
Dollars $20,00000), divided into.
shares of the par value of One Hun
dred Dollars each, with the Driyil aEe|
C increasing said capital stock, at any
regular or special meeting of TIE
stockholders, to any amount not t9|
exceed Scventy-iive Thousand Dollars
and the like privilege of decreasing
said capital stock to any amount not
less than Twenty Thousand Dollars
C$20, 100000.
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
oporation in connection herewith OF a
general mercantile business, and the
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 tol
purchase. own, hold, improve, sell and
real, personal or mixed, and also tol
handle and dispose of all such proper
ty on commission; and to do and per-
form every act and thing which may
be necessary and convenient for the |
carrying OH 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 ana
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 ana
treasurer. and such other officers, In
GLIDING a board of directors, as may
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 lenG
or borrow money, and to secure Ihe
same in such manner as may be deem
ed eXpedient; to make or issue notes
bonds, debentures or other negouaDle
instruments or securities, and TO Sc
cure the same by mortgage. pledge
or otherwise, and to pro- |
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 ii is to the best in
terest of the company, and under like
to let or hire its fran
chises, or other property, for the pur-
pose of raising money, and to remove |
at any time, by a majority vote of the
stockholders of said corporation any |
of the officers of the same
Sixth.
Petitioners desire and pray that
no shareholder shall be liable to the
creditors of the corporation. eXcent to
the extent of any unpaid balance due
on his stock subscription.
Seventh.
Petitioners pray that they and their |
associates, successors and assigns, Ne
under the name and |
style, and for the period and purposes,
and with the powers, privileges and
imaaatties aforesaid.
S. KENNEDY,
Attorney for Petitioners.
County.