Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1925-10-02
LEGAL AID NO. se2

GEORGIA, Sumter County:
10 the Superior Court of said coun-
ty: 49,
The petition of Lee Hudson 8
K. Heys, Edgar Ship, Jr and
stephen Pace, of said State and
County, respectfully shows:
l. They desire that they, their as
sociates, successors and assigns, be
incorporated under the name of A.
mericus Realty Co., for a term of
twenty years, with the privilege of
renewal, and with all rights, powers.
privileges and immunities herein
prayed for and such as are incident
to such corporation 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 bust
ness; including the right to buy, sell
hold, own, develop, lease, manage,
invest in and generally deal in real
| estate and personal property, and
any and all rights or interests there
in; to build, operate and maintain
improvements on real estate; to buy,
sell, hold, invest in and generally
teal in stocks, bonds, securities,
notes, mortgages, and all other
] firms of Indebtedness, security and
Investment; to loan its own money
md the money of others, and re-
cove a commission, interest and or a
r~emiUm on same; to negotiate, pro-
, Gre, supervise and manage for
ctieTs loans on real estate and per-
( s"na! property; to issue and sell its
! b"n6 notes debentures, or other
evidence OF debt, and secure same
by mortgage, deed of trust or other
wise; to borrow money and issue its
notes, bonds, or other obligations
therefor and secure payment there
| of by mortgage, security deed, trust
deed or otherwise; to act as fiscal
agent, renting agent, agent for es-
tablished life, fire fidelity, indemn-
ity, and casualty insurance COM
panies, and also as agent or broker
for any other person, firm or cor
poration in respect to any and all of
the undertakings, powers, rights and
privileges above set forth; to issue
certificates of indebtedness, pay
able in cash or installments, on
such terms and conditions and at
such rates of interest as might be
fixed and agreed upon, but not sub
ject to check; to have and enjoy all
| the rights, powers and privileges of
a trust company, as provided by
sections 1915 to 1921 (e) inclusive,
of the Code Of Georgia as amend
ed, after full compliance with the
terms and provisions thereof; to
such other rights, powers and priv
ileges not herein specifically men,
toned as may be suitable or neces-
sary for carrying on the business
aforesaid.
a. The PRINCIPAL office and place
of business OF said corporation shall
be in Sumter County. Georgia, but
with the right to establish branch
offices elsewhere.
5. The capital stock Of said cor
poration shall be ten thousand dol
lars. divided into one hundred
shares IF one hundred dollars each
and petitioners desire the right,
from time to time, whenever stock
holders owning 2 majority of the
capital stock shall so determine, to
increase said capital stock TO any
) amount not exceeding one hundred
thousand dollars. and also 70 have
subscription to said CAPT
tai stock paid in money or property
, at fafr valuation.
, 6. The stockholders Of said cor
poration shall not be Individually
liable for the debts. liabilities aud
> defaults of said corporation, except
that each stakeholder shall be liable
:, therefor to the extent of the amount
of such unpaid subscription 70 th'
capital stock subscribed FOR by him