The Dawson news. (Dawson, Ga.) 1889-current, 1921-08-09
Petition for Charter.

GEORGIA, Terrell County.-To
the Superior Court of said State and
County: The petition of K. S. Worthy
and H. H. Thornton, both of said state
and 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 Geor-
gia Oil Company, for the period of
twenty years.
2. That the principal office of said
company shall be in the city of Daw-
son, said state and county, but petit
TONERS desire the right to. establish
branch offices with this state or else
where, whenever the holders OF ma
jority of the stock may so determine.
3. The object of said corporation is
pecuniary gain to itself and sharehold-
erS.
4. The business to be carried on
by said corporation is that of buying
and selling at wholesale and retail gas
oline, oils, grease and any and all 9TH
er commodities usually handled in con-
nection with an oil business.
S. The capital stock of said corpo-
ration shall be ten ($10,00000) thous-
and dollars, with the privilege OF in
creasing the same to fifty ($5O,000OO)
thousand dollars, or any additional
amount up to said sum, by majority
vote of the stockholders, said stock to
be divided into shares of one hundred
($10000) dollars each. More than 10
per cent of the amount of capital to
be employed by petitioners has already
been paid in. Petitioners desire the
right to have the subscription to said
capital stock paid in money or prop
erty to be taken at fair valuation.
| Petitioners further desire to issue COM
mon and preferred stock in such pro-
portion as the stockholders may de-
ternine.
6. Petitioners desire the right to
sue and be sued to plead and be i'm
| pleaded, 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 success
ful carrying on of said business, in
Guiding the right to buy, hold and sell
real estate and personal property suit
able to the purposes of the corpora
| ton, to execute leases ON property, to
give notes, bonds, mortgages, etc, as
evidence OF indebtedness incurred in
the conduct OF the affairs of the cor
|
poration.
/ ]. Petitioners desire for said cor
poration the power and authority to
apply for and accept amendments to
its charter of either form or substance
! by a vote of its stock outstanding at
the time. They also ask for said cor
poration the authority to wind up its
affairs, liquidate and discontinue its
business at any time it may determine
to do SO by vote of two-thirds of its
stock outstanding at the time.
8. Petitioners desire for said cor
poration when and as provided by the
laws OF Georgia, and that it have all
such other rights, powers, privileges
and lmmunities as are incident to like
corporations or permissible under the
laws of Georgia.
Wherefore, petitioners pray to be in
corporated under the name and style
aforesaid with the powers, privileges
and immunities herein set forth, and
as are now, or may hereafter be, al
lowed a corporation of similar charac-
ter under the laws OF Georgia.
R: R. JONES, Petitioners Atty.
Filed in office, this the 10Th day of
July, 1921. w. S. DOZIER, Clerk
Georgia Terrell County,, w. S.
Dozier, clerk of the Superior Court of
said county, do hereby certify that the
above and foregoing is true and cor
rect copy Of the application for char
ter Of The Georgia Oil Company, as
the same appears on file in this office
Witness my official signature and the
seal of said court, this the 10Th day of
Juiv, 1921 w. s. DOZIER,
Clerk Superior Court, Terrell Co.