Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-08-05
Application fOr Charter.
Sumter County.

The petition of Il D. Terrell and G.
D. Terrell, of Crisp county, Ca; J. B,
Terrell, of Newton county, Ga; John
". Zuber, of DeKalb county Ga, and
F A. Quillian, of Fulton county, Ga,
respectfully shows:
LIST. Your petitioners desire for
themselves. their associates and sue
cessors, to be incorporated and made
a body corporate under the laws oil
Georgia for a period Of twenty years,
with the right of renewal at the end
of that time under the name and style
OF Flintside Manufacturing Company.
End. The capital stock of said cor
poration shall be Fifty Thousand $780,
0OOO0) Dollars, divided into five hun
bred shares, of the par value of One
Hundred ($100.00) Dollars per share,
with the right to increase said capital
stock at any time or from time to-
ime, by a majority vote OF the capital
stock then outstanding to any amount
not exceeding Two Hundred Thousand
($2O0,0OO00) Dollars; said increased
capital stock to be in common stock, or
preferred stock in such amount, and
in such proportion as may be deter
mined by majority vote of the capital
common stock outstanding at the time
of such increase. Preferred stock to
bear such rate of interest, have such
share of profits and such preference
as to payment of principal over the
common stock, and with only such
voting power and voice in the manage
ment of the corporation as may be de-
termined by a majority vote of the
capital common stock of the corpora
ton at the time such issue is author
lied, and also with the right of the
corporation at such time as it may de-
signate to pay off said preferred stock
and retire the same.
3rd. Petitioners desire for said cor
poration, the right to organize when
said capital stock has been subscrib-
ed and the right to begin business
when 1879 of the capital stock has
been paid into the corporation.
4th. Petitioners further desire that
said corporation shall have the right
to take in payment of the capital stock
personal property or real estate OF
anv kind or character useful to said
corporation the same to be taken at
fair market value to be determined by
the subscribers to said capital stock.
9Th. The object and purposes of
said corporation are pecuniary gain to
the stockholders, and the business to.
be engaged in by it is manufacturing
business. Your petitioners desire for
said corporation the right to develop
a lime plant or kiln, to extract from
the ground lime deposits, pulverize the
same and manufacture and sell lime
fertilizer and all their ingredients and
products The right to manufacture
and sell peanut oil and its products,
peanut meal and feedstuffs of any and
all kinds; the right to manufacture and
sell lumber and lumber products. For
the purpose of carrying on said bust
ness, petitioners desire for said corpo-
ration, the right to buy real estate,
improve and sell the same, to buy and |
erect machinery. mills, plants, houses, !
and also to sell the same, to buy and /
sell timber, lumber, saw and dry the /
same, to grow, buy and sell peanutA
and their products, and other articles
and things necessary to carry on the
business Of said corporation, or profit
able to said business.
9Th. Petitioners desire for said
corporation the right to issue bonds,
borrow money, and secure the payment
by mortgages or trust deeds on any
property that it may own. The right
II subscribe for stock in other corpo
rations, when not contrary to law, and
hold or vote the same. The right to
make, endorse and issue promissory
notes, drafts or bills Of acceptance or
ether negotiable instruments or evil
dence of Indebtedness and also the
ri mt to loan money, the right to sue
and be sued, and make bylaws for the
government of said corporation. /
18th. The principal office and place
cf business of said corporation shall (
be at Flintside. in Sumter county, Ga,
but petitioners desire the right for
said corporation to establish branch |
Offices in any other place in the state
o. Georgia, the United States, or for
eign countries.
Sth. That the said corporation shall |
have the right at any time by ma
jority vote Of the stockholders at any /
regular or called meeting to sell any