Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1921-10-21
AID NO. $40.

/ LEGAL AID NO. 379.
I GEORGIA, Sumter County.
To the Superior Court of said
County:
The petition Of T. B. Raglan, R. E.
Bell and Stephen Pace, all of said
state, shows:
l. They desire that they, their as
sociates, successors and assigns be in
corporated under the name of SUM
TER TRUST COMPANY for term
of twenty years, with the privilege
of renewal, and with all the rights.
powers, privileges and immunitieS
herein prayed for and such as aru
incident 10 such corporations under
the laws Of Georgia.
2. The object Of their association
is pecuniary gain and profit
3. The business proposed to be
carried on is a general loan, invest.
ment, real estate, renting, agency,
brokerage and development business;
including the right to buy, sell, hold,
own, develop, lease, manage, invest
III and generally deal in real estate
and personal property, and any and
all right or interests therein; to
| build, operate and maintain improve
ments ON real estate; to buy, sell,
hold, invest in and generally deal in
stocks, bonds, securities, notes,
mortgages and all other forms of in,
debtedness, security and investment;
to lend its own money and the money
of others, and receive commission,
interest and or premium on same:
to negotiate, procure, supervise, and
manage for others loans on real es-
tate and personal property; to issue
and sell bonds, notes, debentures, or
other evidence of debt, and secure
same by mortgage, deed of trust or
otherwise; to borrow money and is.
sue its notes, bonds, or other obi
cations therefor and secure payment
thereof by mortgage, security deed,
trust deed or otherwise; to act as fis-
cal agent, renting agent, agent for
established life, fire, fidelity indemn.
ity and casualty insurance companies,
and also as agent or broker for any
person, firm or corporation in respect
to any or all of the undertakings,
powers, rights and privileges above
set forth; to issue certificates of in.
debtedness, payable in cash or in
Stallments, on such terms and con.
ditions and at such rate of interest
as might be fixed and agreed upon,
but not subject to check: to have and
! enjoy all the rights, powers and privi-
leges of trust company, as provided
by sections 2815 to 1921 (e), inclus.
| i've, of the Code Of Georgia. as
amended, after full compliance with
the terms and provisions thereof; to
| have such other rights, powers and
/ privileges not herein specifically
mentioned as may be suitable or
necessary for carrying on the bust
ness aforesaid.
4. The principal office and place
! Of business of said corporation shall
be in Sumter County, Georgia, but
with the right to establish branch Of
| fices elsewhere.
5. The capital stock of said cor.
poration shall be ten thousand dol
lars, divided into one hundred
shares Of one hundred collars each;
and petitioners desire the right, from
/ time to time, whenever stockholders
owning a majority Of the capital
stock shall so determine, to increase
said capital stock to any amount not
exceeding one hundred thousand dol
lars, and also to have subscriptions
to said capital stock paid in money
or property at fair valuation.
6. The stockholders Of said cor.
poration shall not be individually Ii
able for the debts, liabilities or de.
faults Of said corporation, except that
each stakeholder shall be liable there
for to the extent of the amount of
such unpaid subscription to the cap.
ital stock subscribed for by him.
Wherefore, petitioners pray that
they be incorporated under the name
and with the powers, privileges and
immunit'es prayed for and as fixed
by law
STEPHEN PACE,
Petitioners Attorney.
Filed in office, this sixth day OF
October, 1921.
H. E. ALLEN,
NJ