The Lee County journal. (Leesburg, Ga.) 1904-19??, 1913-03-13

2. That the principal Office of said
Company shall lie in the City Of Lees
burg, State and County aforesaid, hut
petitioners desire the right TO establish
branch Offices and gins within the State
or elsewhere, Whenever the holders Of a
majority OF the stock may so determine.
8. The object Of said corporation IS
pecuniary gain. ositself and it's share
holders.
4 That the business that they intend
carrying on BY said corporationi sginning
cotton, with the privilege OF establishing
in connection Herewith a warehouse with
the purpose storing cotton therein and
buying cotton seed, provided majority
Of said stockholders shall desire to soex-
.ercise said privilege.
5. That the capital stock of said cor
poration shall he. eight thousand five
hundred ($S, 5000, with the privilege Of
increasing same to the sum of fifteen
thousand ISIS, 000) dollars by amajority
vote of the stockholders, said stock to be
dividek into shares Of one hundred ($100)
dollars each. Ten per cent of the capt.
tai to be employed by them to have been
actually paid in before they commence
to exercise the privilege conferred by said
charter Petitioners desire the right to
have the stock paid in money or pro-
perty to be taken at fair valuation
provided majority Of said shareholders
shall so elect.
6. Petitioners desire the right to sue
and be sued, to plead and be implicated, :
to have and to use a common seal, to
make all necessary bylaws and regula-
tions, and to d@all things that may he
necessary for tie successful carrying on
Of said business, including the right to
buy, hold and sell real estate and per-
sonalty suitable to the purposes OF the
corporation and to execute notes and
bonds as evidence1of Indebtedness incur
red, or which may be incurred, in-the
conduct of theaffairs of the corporation.
and to secure the same by mortgage, Sc
curity deed, or other form Of lien, under
existing laws.
Z. They desire for said corporation
the power and authority to apply Tor and
accept amendments to its charter of
either form or substance by 4 vote Of a
majority of its stock outstanding at the
time. They aleo ask for authority of
to wind up its affairs liquid
ate and discontinue its business at any
time that it may determine to doso by a.
vote of two thirds OF its stock outstand-
ing at the time.
s. They desire forthe saidcorporation
the right of renewal wien and as pro-
vided by the laws of Georgia, and thatit
have all other such rights, powers and
pr yieses and immunities as ale lnclden-.
bal to like corporations or permissible |
inder the laws of Georgia.
/, WHEREFORE, Petitioners pray to be
Incorporated under the name and style
aforesaid with the poweres, privileges
md immuHities hereins set forth and as |
low or may hereafter be, allowed cor !
loration OF similar character under the
avs Of Georgia.
ROBERT r. FORESTER,
Z At'ttDfney for Petitioners.
&
Filed fntoffee, February p, 1918, j.
Y. Morgan, Dept. Clerk s, G.
Lee County,
/, ]. w. Morgan jDeputy CLERK Snper-l
or Court of said county, do. certify that
he above and foregoing:iS is a true and cor
ect copy of the application sEStoSall and b
yeoman, j. A. Hpsey and others Tor IN
rporation under name and style OF
FARMERS GIN COMPANY, OF /
.EESBURG,sGA, :, " Of file in this office
Witness my official ssigifatuie and seal
office, this 25t!. day Of Feby. 1913.
/
IL. ". MORGAN, =
*