Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1911-02-15
APPLICATION FOR CHARTER

GEORGIA-Sumter County.
To the Superior Court Of said County.
The petition of ]. D. MCLAUGHLIN ana
Wright Terrence of Ben Hill County
Georgia, and w. E. James of Crisn
County, Georgia, respectfully shows.
First.
That they desire for themselves
their associates, successors and as
signs, to be Incorporated as private
corporation, under the name and stvla
of Cobb TurPentine Company, for
period of twenty years, with privilege
of renewal at the expiration of that
time.
Second
That the object of said corporation fs
pecuniary gain and profit for the
stockholders thereof, and its princiDsl
place of business shall be at or near
Cobb 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 ($20,00000), divided into
shares of the par value of One Hun
bred Dollars each. with the privilege
q increasing said capital stock, at any
regular or special meeting OF tie
stockholders, to any amount not 70
exceed Seventy-five 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
lporation is the manufacturing and sell
! ing of naval stores, farming, and the
! operation in connection Herewith of a
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 10
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 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-
ratiOns in general, and especially the
following powers and privileges:
To sue and be sued; to have and
use corporate seal; to elect a pres
ident, vice president, secretary and
treasurer, and such other officers, in
Gliding board of directors, as may
be deemed eXpedient, and to prescribe
their powers and duties; to make and
fadopt constitution and bylaws for
the government and direction of the
conduct and business of the corpora
ton and the officers thereof, to lend
Ior borrow money, and to secure the
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 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 it's fran
chises, or other property, for the pur-
pose of raising money, and to remove
at any time, by 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, except to
the extent of any unpaid balance due
on his stock subscription.
Seventh.
Petitioners pray that they and their
associates, successors and assigns, ne
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.