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In re charter
The J. W. Woolfolk Company
STATE OF GEORGIA—PEACH COUNTY
The petition of J. W. Woolfolk, W.
Lipfert, Ralph Newton, and W. L.
all of said state and county
shows:
tl) Petitioners desire for themselves,
sociates and successors,, to be
for a term of twenty (20) years, with
lege of renewal, under the corporate name
V THE J. W. WOOLFOLK COMPANY
(2) The principal office and place
business of the corporation shall be in
Valley, Georgia, and the right is asked
establish branch offices there or
as the corporation, acting through its
rectors, may from time to time decide.
(3) The object of the corporation is pe¬
cuniary gain to itself and its stockholders.
(4) The principal business to be carried
on by the corporation is the manufacture,
transportation, distribution, purchase and sale
of insecticides, fungicides, and all manner of
spray material and chemicals, machinery and
appliances, farm and orchard and other sup¬
plies and products, or other articles of mer¬
chandise, and demonstration and use of the
same upon its own property or that of
others.
t5) Incident to the* conduct of its busi¬
ness petitioners ask for the corporation the
to make any contracts not prohibited
by law; to establish, own, conduct, or co¬
operate in the establishment and conduct of
agencies or branch offices wherever its di¬
rectors may decide is advisable; to subscribe
for, purchase or otherwise acquire, own. hold,
vote, hypothecate, alienate or otherwise dis¬
pose of shares of the capital stock of other
. < rporations, where not expressly prohibited
law; to purchase, lease, or otherwise ac¬
quire, and to use, encumber or mill real
estate or personalty, manufacturing plants,
patents, copyrights, trade marks, or any in¬
terest therein, and expressly desire all rights,
powers, privileges, immunities and exemp¬
tions now allowed, or that may hereafter be
conferred by law upon corporations of like
or similar nature.
(6) The minimum capital stock of the
corporation shall be one hundred thousand
t$100,000.00) dollars of common stock, divided
into shares of the par value of One hundred
i$100.00) dollars each, with the prwrieg.* of
increasing the common stock, from t«me to
time, as may then be determined by a vote
of a majority in amount of the then out¬
standing stock of the corporation entitled
to vote, to any amount not exceeding Two
j^undred and fifty thousand ($250,000.00) doi-
7ars. divided into shares of like par ^alue,
and likewise, by the same method, to at any
time decrease the amount of such increased
common stock to any amount not less than
the original capitalization.
(7) Petitioners ask for the corporation the
right to issue, in addition to its common
stock, eight per cent cumulative preferred
stock to the amount of Fifty thousand ($50.
000.00) dollars, divided into shares of the
par value of One hundred ($100.00) dotiart
each, with the privilege of increasing the
amount of such preferred stock to any
amount not exceeding One hundred thousand
<$100,000.00) dollars, at any time, by the af¬
firmative vote of a majority of the common
stock outstanding, provided, and provide! only
that such increase of preferred stock is au¬
thorized and ratified by the affirmative vote
of at least two-thirds of the then outstanding
preferred stock, at a separate meeting of
the preferred stockholders to be held on call
of the directors, and of which meeting encli
preferred stockholder shall be given two
weeks written notice.
Such preferred stock, that originally au
thorized, or any increase thereof, shall be
preferred both as to dividends and assets.
and as to dividends shall be preferentia 'y
cumulative from year to year.
All net earnings of the corporation shall
be applied, October first of each year to the
payme nt of dividends on the then outstanding
prt iferred stock at a rate up to, but not ex
ceeding, eight {%<A ) cent per annum,
payable annually to the preferred stock
holders of record on September first next
prior to such dividend date, such dividend to
be calculated UP to said Sept. 1 next pre
coding the dividend date.
No dividend to or other division of profits
the holders of common stock shall De
among
iaid or made at any time or in any way
A ntil dividends paid annually at issue said of rate the
of eight (S', I percent from the
preferred stock to Sept. 1 next before such
contemplated dividend to or division among
common stockholders shall have been paid,
and until the net undistributed earning.. on
hiw^ exclusive of the contemplated dividend
to division among common stockholders?.
or such
more than sufficient to pay- pre
are
ferred stock dividends for the current year.
All earnings above such eight (8%) Per cent
the outstanding preferred stock mav ne
on 1 distributed
retained by the corporation or
the common stockholders an the di
among
rectors may determine.
Upon the dissolidation or liquidation of the
corporation from any cause, all its assets
shall first bo applied to the payment to
stockholders of One hundred (S100.)
collars per share for all outstanding prefer¬
red stock, and in addition such amount as
added to the dividends previously paid on
such preferred stock shall aggregate eight
(8%) per cent per annum from the date of
issue of the preferred stock to date of liqui
dation, the residue of the assets to be the
property of the holders of the common stock.
Only the holders of common stock shall
be entitled to vote at stockholders' meetings,
except that should the corporation fail to
the eight (8%) per cent preferred divi
pay the for two
dends, or any portion of game,
c''nsr •Mitlve y^ars, in that event the preferred
stockholders shall be entitled to vote and
participate in all meetings of stockholders
upon the same basis as common stockholders,
until all preferred dividends in arrears shall
have been paid up.
At any time after five (B) years from
date of issue of any preferred stock the cor
poration shail have the right to call in and
buy and retire all or any portion of its out¬
standing preferred stock at One hundred and
sen ($110.00) dollars per share, plus accrued
dividends, such stock to be so called in and
retired in the same order as originally is
sued, or pro rata among all preferred stcok
holders, as the directors of the corporation
may determine, the holder of the stock so
retvfcd to be given thirty (30) accrual days written divi
notice of such call, and the of
dends on the stock so called to cease at the
expiration of thirty days from the giving of
said notice.
(g) Petitioners desire the right to have
subscriptions to its capital stock, or any in
crease thereof, paid in in labor, money, prop¬
erty, or other thing of value, based upon a
fair valuation.
(9) petitioners and ask authority for said to corporation make and
tfce right, power
execute notes, bonds or other evidence of in
deb ted ness, and to secure the same by lien,
or by pledge of personal property, or deed,
THE LEADER-TRIBUNE, FORT VALLEY, GA., THURSDAY, AUGUST, 13, 1925.
OFFICIAL Fort of Valley the ORGAN THE KIWANIS KALL and BUY Get 111 Full HOME Value
Kiwanis Club Published Weekly on Thursday by the Kiwanis Club of Fort Valley, Ga. for Your Money
Vol. 1 THURSDAY, AUGUST 13, 1925. Number 50.
^ . Here’s the beverage that delights
taste, satisfies thirst and refreshes.
* Every bottle is sterilized—insur
ing absolute purity
Fort Valley @tg(r$a Bottling to.
W. «. IIRISKNDINB, KIWANIAN
J. W. Woolfolk W. L. Snow Ralph Newton
J. W. Woolfolk & Co.
Spray Material, Peas & Peaches
Fort Valley, Georgia
HOTEL WINONA
EMORY COPPEDGE, Proprietor
KIWANIAN
Your account, whether large or small,
respectfully solicited on the basis of
sincere appreciation.
PROMPT COURTEOUS
EFFICIENT A
SERVICE [ w
Bank of Fort Valley
Manufacturers of
CHILDREN’S UNDERWEAR
F. O. MILLER, Prea. A. J. EVANS, Treas. & Gen’l Mgr.
T. F. FLOURNOY, Supt.
KIWANIANS
mortgage or other lien upon any of its real
estate, or interest therein, and to conduct its
business with respect to making, incurring
and discharging obligations, and in other res¬
pects. to the same extent permitted private
individuals wherever not expressly prohibited
by law from so doing, except that no mort
gage or other lien Bhall be executed on its
real estate or improvements thereon without
first obtaining the written assent of the
holders of at least two-thirds (2-3) of its
outstanding preferred stock.
do) Petitioners ask for said corporation
the power and authority to apply for and
accept amendments to or renewals of its
charter, either in form or substance, and
power and authority to wind up the affairs
of the corporation, and to discontinue or
liquidate its business at any time, and to
surrender its charter, by a vote of a majori
ty in amount of its then outstanding stock
entitled to vote, upon compliance with the
requirements of the law in the premises.
(11) Petitioners show that more than ten
per cent of the said authorized capital stock
has already been actually paid in.
Wherefore, petitioners pray to be made a
body corporate under the name and style
aforesaid, v. ith all the rights, powers and
privileges prayed, and entitled to all the
rights, powers, privileges and immunities
fixed by law.
W. H. HARRIS,
Attorney for Petitioners.
Filed in office this Aug. 10, 1025.
EMMETT HOUSER, Clerk,
Superior Court of Peach County,
STATE OF GEORGIA,
PEACH COUNTY.
I, Emmett Houser, Clerk of the Superior
Court of Peach County, Georgia, do hereby
certify that the foregoing is a true and cor¬
rect copy of the application for charter for
THE J. W. WOOLFOLK COMPANY, as the
same appears on file in this office.
Witness my official hand and seal, this
Aug. 10, 1925.
8-13-4t EMMETT HOUSER, Clerk.
To get out of jail, all one needs
to do is to act crazy.
THE KIMBALL HOUSE
Atlanta’s Best Known Hotel.
400 Rooms of Solid Comfort.
The Home of Georgia People.
Rooms, Running Water, $1 to $2.
Rooms, with Bath, $1.50 to $5.
Free Garage Service
JACOBS & MAYNARD, Prop.
Old Mr. Carter Help¬
ed hy Simple Mixture
(. After taking Adlerika I feel bet
(- er tj, an for years. At my age (60)
j s j t | ea i__ so different from other
me( ji c ines.” (signed) W. W. Carter,
Adlerika is a simple mixture of buck
bark, glycerine, etc., which
moves GAS in ten minutes and often
brings surprising relief to the feeling. atom
ach. .Stops that full, bloated
Brings out old waste-matter you
ANNUAL EXCURSION 10 NORTH
AND SOUTH CAROLINA AND
TENNESSEE MOUNTAIN
RESORTS, ETC.,
AUGUST 21, 1925.
One fare plus zr> cents round trip.
Tickets on sale August 21; final
return limit September 2, 1925.
Ask Ticket Agent for exact round
trip fares, information regarding
schedules, reservations, etc.
CENTRAL OF GEORGIA RAILWAY
THE RIGHT WAY
8-6-dt
Message to You
Don’t wait until you have impaired
I your eyesight before consulting us.
Come to Macon and let
us examine your eyes.
EYES EXAMINED
GLASSES FITTED
I AINSWORTH
OPTICAL CO.
i
Opticians & Optometrists
453 Cherry Street
Next to Union Dry Goods Co.
* |
m w M
I
■
HON. L. B. WYATT
of LaGrange , Ga.
One of Georgia’s Most Eloquent
Speakers
Will Address the Kiwanis Club
TOMORROW—FRIDAY,
AUGUST 14
TWELVE O’CLOCK SHARP
J. E. Lee , W. R. Edwards and F.
W. Withoft are the committee on en¬
tertainment. This assures us of a
howling good time.
LET’S GO BOYS!
j never Excellent thought for chronic was in constipation.—• your system.
■
Copeland’s Pharmacy.
A good time to speak for your
share of the world’s goods is all the
time.
j Blunders come largely from letting
our “feelings” interpret our duties,
Judge a man not by what he brags
about, but by what he actually does,
J _
I
FOR REAL CO l J RTEOUS
OPTICAL SERVICE
SEE US.
Let us examine your eyes.
on 5
FRANK H. JOHNSON
OPTOMETRIST
Macon, Ga.
TIRED, ACHING FEET
“*TMZ" A gives instant re
lief from tender, tired,
burning feet. The moment TIZ «sr
you put your feet in a
bath, away go aches and
pains. When you use TIZ,
shoes never hurt or seem
tight. TIZ is magical.
Buy a box of TIZ for a
few cents and end foot
torture forever—be able to
^ f wear smaller shoes. Keep
F your feet fresh, sweet, com
ui fortable.
Test TIZ free. Sew)
this coupon. V
FREE TRIAL
Walter leather Dodge Co.
Dept. *2 A A.
5W Madison Ave., N. Y. C.
Mail Me sample “TIZ”
The Fort Valley Oil Co.
Manuiacturcrs of
COTTON SEED PRODUCTS
€
FORT VALLEY, GA.
1). C. STROTHER & K. M. WHITING, KIWANIANS
GREEN-MILLER COMPANY
Peach Growers’ Supplies
GREEN-MILLER COMPANY
GLENMORK GREEN, KIWANIAN
\
Georgia Agricultural Works
QUALITY SERVICE
HARDWARE & FURNITURE
** We’ve Got It
F. O. MILLER, Kiwanian
For
SPRAY MATERIALS
SPRAY MACHINES
CRATE MATERIALS
Call on
SOUTHERN BROKERAGE COMPANY
F. W. Withoft, Mgr.
Kiwanian
HALL
KIWANIAN
THE TIRE MAN
Civilization is a scheme of taxation
to pay for price of killing one an¬
other.
Being homely has this advantage:
You have no beauty to lose when
you get old.
'la
j FOR SALE
Act quick if you want
Lot Nine in Block S E
West End addition for
Three Hundred and Fifty
Dollars.
F. RVRNETT
Waverly, Fla .
THE SOUTHERN SERVES THE SOUTH
>
A country can grow
no faster than
its railroads
It is recognized that the South today
offers remarkable opportunities for the
profitable investment of capital.
But, if freight service is to be adequate
to care for the increased output of
factories, mines, farms and forests, a
very considerable part of this new
capital will have to be devoted to
railroad development.
Investors will naturally place their
funds in securities yielding attractive
and assured returns. The Southern \
Railway Company, like any other
business, will have to bid for its funds
in the general investment markets.
The ability of the Southern to obtain
needed new capital will depend on its
earning power and the rate of return
it offers investors.
-TSOUTm? v.
) .t *
>
SOUTHERN R A I LWAY SYSTEM