The Marietta journal and courier., 1914-02-27
APPLICATION FOR CHARTER.


To the Superior Court of said Coun-,
ty:
fhe petition of S. A. Power. w. P.
Grower and ]. E. Burton. all of said
County, respectfully shows.
That they desire for themselves, !
their associates and successors, to be
incorporated and made body polite
under the name and style of THE
Sandy Plains Ginnery Company,
for the period of twenty years.
(2)
The principal office and place of
business of said company shall be at
Sandy Plains, in said county, but
petitioners desire the right TO estab-
ltsh branch Offices and places of
business at other places within this
State, whenever the holders of a
majority of the stock of said COM
pany may so determine.
CD
The object of said corporation is
pecuniary gain to i-self and its share
holders.
(4)
The business to be carried on by
said corporation is ginning cotton
for the public and preparing same
for rnarLat huyiDu and calJipc oot
ton, cotton seed, cotton seed hulls and
meal, buying and selling fertilizers
and the ingredients thereof; mixing
and manufacturing fertilizers, oper-
ate corn and flour mill, and sell
flour and meal; buy the necessary
grain for the manufacture of same;
| operate machinery for extracting the
oils from cotton seed; and to operat ;
| machinery for extracting the oils
from cotton seed; and to operate
any and all kinds of machinery i'll
connection with said gin1ery that,
in the opinion of shareholders,
! would be desirable and profitable to
the corporation.
60
The capital stock of said corpora
tion shall be Five Thousand Dollars
$5,0OO.0O) with the privilege of in
| creasing same to Ten Thousand
($10, 0,000.00) Dollars by a majority
vote of the holders of the entire capi-
tai stock of said corporation, said
stock to be divided into shares Of
One Hundred ($100.00) Dollars
each.
Ten (10) per cent of the amount
of capital to be employed by them
has been actually paid in.
Petitioners desire the right TO
have the subscriptions to said CAPT
tai stock paid in money or property
to be taken at fair and reasonable
valuation.
Petitioners desire the right to sue
and be sued, to plea and be implead-
| ed, to have and use a common seal,
to make all necessary bylaws and
regulations and to do all other
things that may be necessary
for the successful carrying on
of said business, including the
right to buy, hold, lease, rent, i'm
prove, and sell real estate and per-
sonal property suitable to the pur-
poses of the corporation, and to exc
cute notes and bonds as evidence Of
Indebtedness incurred, or which may
be incurred, in the conduct of tn
affairs of the corporation and to Sc
cure the same by mortgage, security
deed, or other form of lien under
existing laws.
CD
Petitioners desire for said corpor-
alton the power and authority to
| apply for and accept amendments to
its charter of either form or sub
stance by a vote of a majority of it's
stock outstanding at the time. They
also ask authority for said incorpor-
alton to wind up it's affairs, liquid
ate and discontinue it's business at
any tine it may determine to do so
by vote of two-thirds yof it's stock
outstanding at the time.
(8)
They desire for said incorporation
the right of renewal when and as
provided by the laws of Georgia, and
that it have all such other rights,
powers, privileges and immunities,
as are incident to like interpretations
or permissible under the laws Of
Georgia
WHEREFORE, petitioners pray to
be incorporated under the name and
style aforesaid with the powers, pri-