Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1912-06-19
APPLICATION FOR CHARTER


County:
1.e yetition of NJ. F. Thompson, Jr,
of the county of Muscogee, W. r.
Wallis and l.. P. Gartner of the county
of Sumter, said State, for themselves,
associates and assigns, would show to
the Court:
l. That they desire to have incor-
porated the business hereinafter set
out.
Z. Your petitioners would show that
the name and style of the business for
which incorporation is desired, is TO
be the "SOUTHERN MINING COM
PANY. The principal Office AMI
place of business will be in Americas,
Sumter County Georgia, with the rlghs
to have and maintain branch otf1ces
and places of business for either or
borth the purchase, manufacture and
sale of the products hereinafter set
out anywhere in the state of Georglf.
or the United states, that may be
deemed to the interest of your petition
ers and their associates. And to dis
continue any such offices and place
of business whenever it snail pe
deemed best to do so.
3. The minimum capital stock of
tire company is to be $27 100000 to be
known as common stock, with the
privilege Of increasing said common
stock from time to time as,in the dis
erection of the stockholders may deem
proper and right, to an amount not 10
| exceed $150,000.00 and of the right to
reduce same to any amount not less
than $27,000.00 by a majority vote OF
the stockholders, with the further
I privilege of issuing preferred stock,
the preferred stock bearing rate of in
terest as may be determined, which
interest is to be cumulative, provided
in no case shall the issuance of pre-
| ferred stock be in excess OF the
amount of common stock. With priv
ilege of retiring the preferred stock
at such period in such manner and
upon such terms as the stockholders
may determine, and it's issue to be
governed by the rules, regulations ana
stipulations adopted by the stockhold-
ers, when such ctock is ordered by
said Company to be issued. The re-
spective right, powers and privileges
| of holders of common and preferred
stock to be fixed by stockholders.
The common and preferred stock
will be in the denominations of $4,000
per share.
Subscriptions to stock to be paid in
money or property at it's fair valua-
| ton. Where any subscriber may pay
out of his private property debts OF the
corporation to an amount equal 10
| his subscription, his liability to cor
poration and its creditors snail cease
and determine.
a. 1t is desired that said Company
shall be incorporated for the term OF
| twenty years, with the privilege Of
amendment in form or substance as
may be determined and have the right
of renewal at the expiration thereof.
| To have the right of winding up its
affairs, liquidating and discontinuing
| its business at any time it may de-
| termine to do so by a vote Of tw"
thirds of its stockholders outstanding
at the time.
5. The purpose of this organization
is that of pecuniary gain to its self
and it's stockholders 1t is to be car
ried on, and the powers thereof is as
follows:
(a) Manufacture, crush, dry and
| manipulate clay, shale, rock, sand,
gravel and all other products of the
soil; also manufacture brick, earthern-
ware, pottery, sewer pipes, vases, tile
and all other clay or sand products.
With the privilege of buying or sell
ing any and all of its products 10
manufacturers, manipulatOTs or con-
sumers.
(b) To manufacture, sell fertilizers,
fertilizer materials to or from manu-
facturers, manipulatOrs or consumers
and to do all other things necessary
and incident or used in or about the
manufacture or manipulations of fer
tiliZers or the constituents thereof
either the raw or finished material
Co Acquire, lease, buy, construct
telephone lines, railroad side tracks,
tram ways and such other equipment
and machinery as necessary and incl
dent to the business.
Cd 1t is further desired that should
it become necessary and be deemed to
the best interest of said company, that
said Company may have the right TO
subscribe for, purchase, hold,
receive, lease, pledge, mortg-
age or otherwise acquire pos
session and dispose of all or any
part of the capital stock, shares, bonds
and securities or other obligations OF
other corporations, company or com
panies having the objects hereinbe-
fore or hereinafter enumerated, OIL. any
of them
(e) To purchase, receive, own,
hold, resell, dispose of or retire its
own bonds or other obligations or
shares of it's capital stock.
If Desire the right to dissolve, |
wind up, consolidate, or merge said
corporation, sell, lease or otherwise
dispose of all or any part of its as
sets, and property, including its rights |
purchases as a majority |
in the interest of the stockholders
may determine at meeting held for
that purpose, and when likewise de-
termined, to receive in payment, ex-
change or rental thereof, property,
money, notes, stocks, shares, bonds or
other obligations of other companies
Or trust estates, or of individuals.
tg To buy and sell merchandise OF
all kinds and to operate stores or
,ommissaries in connection with any
which it may conduct, or III
" inh l.