Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1925-11-13

Incorporated and made a body cor
porate for ana during a period of
twenty (20) years with the privilege
of renewal at the expiration there
of for like period, under the name
and style of ar. B. Lovelace Lumber
Company, Incorporated"
Two; The object of said corpora
ton is pecuniary gain to its stock
holders.
Three: The principal office and
place of business of said corporation
shall be in the county of Sumter and
State of Georgia, but petitioners de-
sire the privilege of establishing
branch offices, plants and agencies
for the transaction of its business
in other counties of the State of
Georgia, and in other states, should
it become necessary or desirable to
do so.
Four: The capital stock Of said
corporation shall be One hundred
Thousand ($100,000.OO) Dollars,
twenty per centum of which has al
ready been paid in in cash And pc
tltioners pray that they be granted
the privilege of increasing such CAPT
tai stock from time to time, after
such increase has been approved by
the affirmative vote of two thirds
of the outstanding stock, Co a max
mum amount of two Hundred and
FIFTY Thousand $3.50, 000.0O) Dol
lars. Petitioners also pray that they
be granted the privilege of decreas-
ing said capital stock from time, af-
ter such decrease has been approved
by the affirmative vote of two thirds
of the outstanding stock to a mini
mum amount to One Hundred Thous-
and ($1OO,OO0) Dollars.
Five; The capital stock of said
corporation shall be divided into
shares of the par value of One Hun
bred 100000 Dollars each.
Six: The principal business to be
carried on by said corporation shall
be: The buying, owning and selling
of timber of all kinds and timber
lands; the cutting, saving, dressing
and manufacturing of timber into
lumber of all kinds, veneer and all
other forms of wood products; the
buying, selling and generally
dealing in sash doors, windows, brick,
lime, cement and any and all other
kinds OF Dulluers supplies; the manu-
featuring, buying, selling and gen.
orally dealing in of boxes, baskets,
crates and wooden containers of all
kinds; the building, maintaining and
operating of tram roads; the opera
ton of commissaries and doing of a
general commissary business.
Seven: Petitioners pray that they
be granted the right to liquidate the
business of said corporation, wind up
its affair and surrender its charter,
at any time upon an affirmative vote
of two thirds of the outstanding
stock and after all outstanding in
debtedness of said corporation has
been paid. :
Eight: Petitioners pray that they
be granted the right to have and use
a corporate seal; to sue and be sued;
20 purchase, own and sell real estate;
to borrow money and to pledge any
or all of the assets of the corpora
ton as security therefor; to execute
'romissory notes, bonds, or other evil
lences Of indebtedness, and to secure
the same by security deeds, mort
cages, deeds Of trust or otherwise
and that they be granted all other
rights, powers, privileges and i'm
munities necessary or incidental to
he purposes hereinbefore enumerat-
ed.
Wherefore: Petitioners pray that
they be incorporated for the term
aforesaid, with all the rights and
aforementioned; and that
they be granted all other rights, priv
ileges and immunities that are now
or may hereafter be granted to like
under the laws of the
State of Georgia.
DUNCAN AND MUM, I
Attorneys for Petitioners.
OF GEORGIA, I
County of Sumter.
], H. E, Allen, Clerk of the Su-
perior Court of said county, do here
by certify that the above and fore
going is true and exact copy OF the
application for incorporation filed in
my office on the 23rd day Of Octo- 4
Der 1925. Witness my hand. and Of