The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1917-07-04
LEGAL
Advertisements
APPLICATION FOR CHARTER.

GEORGIA, Crisp County.
To the Superior Court of Said County.
Thomas Nesbitt, j. j. Williams and
B. N. Williams, all of Crisp county
Georgia, present this petition and
show as follows:
That they for themselves, their as
sociates and successors, desire to be
incorporated and make body polite
under the name and style OF mes
BITT COTTON COMPANY"
I'd.
That the object OF the said corpora
ton is pecuniary gain and profit to-
the stockholders of the said corpora
| ton.
Sd.
That they desire to be so Incorporate
ed for the term Of Twenty (2O) years,
with the privilege of renewal at the
expiration Of that time
4th.
That the particular kinds of bus
mess that they propose for said cor
poration to carry on is that of buying
and selling. dealing in and handling
cotton OF all kinds an dcharacter, of
all qualities and grades, cotton seed
and cotton seed products of all kinds;
that of owning, running and operating
cotton warehouses, cotton congresses,
and doing any and all such other
things as are usually done in and
about handling, selling, buying, using
and dispOsing of cotton, cotton seed,
cotton seed products and all other
for,1 =, &c Ii,
acter.
9Th.
That they desire to be so incOrporat-
ed with a capital stock of Fifty Thou
sand $50,000.00) Dollars, to be di-
vided into five hundred shares of the
par value of One Hundred ($10000)
Dollars per share, all of which amount
has already been paid in i'll cash and
property. They desire to have the
right and privilege to increase the
capital stock of the said corporation
at any time to One Hundred Thou
sand ($100,000.00) Dollars by major
ity vote of the stockholders Of the
said corporation, the shares of the in
creased stock to be of the same de-
nomination and par value as the origi-
nal.
9Th.
That the place of business and
chief office of the said corporation
shall be in the City of Cordele, Crisp
County, Georgia, with the right to
have and establish branch offices and
other businesses at such places in the
State of Georgia or elsewhere as they
may desire to operate.
It'll.
That the liability of each stockhold-
er shall be limited to the amount of
stock each stakeholder owns, and has
issued to him by said corporation and
no more.
That they desire to have the right
to pay the subscriptions to the CAPT
tai stock of said corporation, or any
increase thereof, in money or prop
erty to be taken at fair valuation.
9th.
That they desire to have the right
and power to select such officers,
board of directors, agents and to
make such bylaws as they may deem
necessary and proper for the control
and government of said corporation
handling and directing the business
OF the corporation, and to that end
they ask the right to select a presi-
dent, vice-president, secretary and
treasurer, a board of directors. and
such ether officers and agents as they
may deem necessary to have to man
age and handle the affairs of said
corporation, and to make such by
laws, rules and regulations as they
may think proper to have for the pur-
pose Of controlling and directing the
business affairs of the said corpora
ton.
10Th.
That they desire to- be so incorpor-
ated with all the rights, privileges and
immunities incident to corporations
of the kind and character with the
full right to buy, hold, own use and
enjoy real estate, mixed and personal
property with the full right to sell and
dispose of such real estate mixed and
personal property as the said corpora
ton may acquire title to or an interest
in, with the full right and power to
make and take deeds in the corporate
name.
18th.
That they desire to be so incorpor-
ated with the right, power and author
ity to sue and be sued, plead and be
implicated, have and use a common
seal, to make and enter into all such
contracts, obligations Or undertakings
as is necessary to carry on and carry
out their particular business Or other
businesses they may engage in, with
the further full right, power and au-
th3rity to make and take notes, mort
cages, security deeds, bonds, trust
deeds and ether cOnveyances and in
strumants e"idencing indebtedness to
the corporation or pledging The cor
poration's credit
v helefOre Petitioners ask on order
Incorporating the association under
the corporate name and style herein
before stated, giving and comforting
upon the said corporation all the
rights and PRIVILEGES herein declared
for and such 9th" rights and privi-
leges as cCr00~aticnG OF the like kind
and charac,c: are entitled to under
the law