The leader-enterprise. [volume] (Fitzgerald, Ga.) 1912-1915, 1914-05-08
Application for Charter

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w. Garbutt and w. R. McLendon,
all residing in Ben Hill county,
Georgia, respectfully shows:
1st. That they and such other
persons as may be associated with
them, and their successors, desire
to be incorporated as private cor
poration for period OF twenty years
under the corporate name and style
of FITZGERALD COTTON COM
PRESS COMPANY.
End. That the principal Office
and place Of business Of said Com
pany shall be in or near the City of
Fitzgerald, in the County and State
aforesaid; but petitioners desire the
right to establish Branch Offices or
places of business within this State
or elsewhere whenever the holders
Of a majority of the Stock of said
Company may SO desire.
3rd That t h object of said
Corporation is pecuniary gain to the
corporation and its Stockholders.
4th. That the business to be
carried on by said corporation is
that of COMPRISING cotton, storing
and handling cotton in the capacity
of Warehouseman, and buying and
selling and otherwise handling cot
ton, cotton-seed and products. either
as Exporters or in the domestic
markets; and generally to do and
perform any and every act and
thing which may be necessary or
convenient in the carrying on of the
business or the execution of the
purposes of the corporation, includ-
ing the ginning of cotton and press
ing the same into bales.
5th. That the capital stock of
said corporation shall be thirty-fve
thousand dollars ($55,000.O0) divid-
ed into shares of the par value of
One Hundred Dollars each, and pc
titioners desire the privilege of in
creasing the same to any sum not
exceeding One Hundred Thousand
Dollars ($100,000.00) by a majority
vote of the stockholders, and of
likewise decreasing said capital
stock to any sum Of not less than
thirty-five thousand dollars $685.
100000. More than ten per cent of
the amount of said capital stock
has been already actually paid in
for the purposes of the corporation.
Petitioners also desire the right to
have subscriptions to said stock
paid either in money or property to
be taken at fair valuation.
9Th. Petitioners desire that said
corporation shall have and enjoy
all of the rights, powers, and privi-
leges vested by law in such corpor-
ations. including the right to buy,
improve. and sell all kinds of pro-
perty, whether real, personal or
mixed, suitable to the purposes of
the corporation.
7th. Petitioners further desire
that said corporation shall have full
right and power to borrow money,
and to make and issue promissory
notes, certificates, debentures, or
other evidences of Indebtedness,
and to secure the same by mort
gage, security deed, trust deed, or
otherwise, covering the property
and assets of the corporation; and
to issue bonds, and negotiate and
sell the same, and secure the pay
ment of the same by pledging or
creating liens upon its property or
assets in any manner or form what
soever.
WHEREFORE Petitioners pray
to be incorporated under the name
and style, and for the purposes and
period of time aforesaid, and with
all of the powers, privileges and
immunities herein set forth, together
with all such powers, privileges and
immunities as are now, or may
hereafter be, conferred upon corpo-
rations of similar class or character
under the laws of this state.
L. Kennedy
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