Fitzgerald leader enterprise and press. (Fitzgerald, Ben Hill County, Ga.) 1921-1964, 1925-12-17
Application for Charter
GEORGIA,
BEN HILL COUNTY.

GEORGIA,
BEN HILL COUNTY.
To the Superior Court of said county:
The petition of Henry A. Powell,
J. Rufus Horton, B. o. Cook and c..
w. Powell, all of said State and
County, respectfully shows:
l. That they desire for themselves,
their agents and successors, to be in
corporated and made a body polite
under the name and style of Dixie
Trust and Realty Company, for pc
riod of twenty years.
/. That the principal office of said
Company shall be in the City of Fitz-
gerald, State and County aforesaid,
but petitioners desire the right to es-
tablish branch offices within the
State or elsewhere, whenever the
holders of majority of the stock
may SO determine.
3. The business of said corporation
is pecuniary gain to itself and it's
shareholders.
4. The principal business to be car
ried on by said corporation shall be
general investment business of all
kinds, more especially the buying,
selling, owning, holding and leasing
of real estate, for itself or as brokers
for others, and the making or procur-
ing of loans on real estate or per-
sonal property, with the further right
to act as trustee, executor or admin
istrator for estates, with the further
power to sub-divide and improve
lands, contract for and buy building
material, contract for and build
houses, to sell or deal in stocks and
bonds of all kinds, either for itself
or as agent for others; with the fur
Their right to purchase notes or chooses
in action secured by real estate or
personal property, with the authority
in said corporation to make, endorse
or become security or guarantor by
endorsements thereon of commercial
paper; with the further right to bor-
row money and to execute notes or
other forms of indebtedness, and to
secure the same by mortgage, deeds
to secure a debt, endorsement or
otherwise, and to execute deeds, can
collation., and other instruments; with
the further power to act as insurance
agent for fire, life or accident insur-
ance companies; with the further
power of writing security bonds, and
to do all acts necessary, incident to,
or deemed advisable in the successful
prosecution of business.
S. The capital stock of said corpo-
ration shall be Ten Thousand ($10,-
000.00) Dollars, with the privilege of
increasing same to any sum not eX-
ceeding One Million Dollars, upon the
majority vote of the stockholders en-
titled to vote, said stock to be di-
vided into shares of One Hundred
($100.00) Dollars each.
6. Ten Per Cent (10R) Of the
amount of capital stock to be en-
ployed by them has actually been
paid in.
7. Petitioners desire the right to
have the subscriptions to said capital
stock paid in money or property to be
taken at fair valuation.
8. Petitioners desire the right toll
sue and be sued, to plead and be-
implicated, to have and use COM
non seal, to elect officers, and to-
make all necessary bylaws and regu-
ations, and to do all other things |
hat may be necessary for the sue
,essful carrying on of said business.
9. They desire for said corporation
he power and authority to apply for
md accept amendments to it's char
;er, of either form or substance, by a
yote of majority of it's stockholders
entitled to vote. They also ask
for said corporation to wind
Up it's affairs, liquidate and discon-
Tue it's business and surrender it's
,harter, at any time it may determine
% so do, by vote of majority of
is stockholders entitled to vote.
They desire for said corporation the
light of renewal when, and as pro-