Newspaper Page Text
, Leader-Tribune, Fort Valley Ga., Thurs., May 18, 1967
@213 at"? Abs
GEORGIA, PEACH COUNTY
fhe petition of W. E. Green,
whose mailing address is P.
Box 47, Byron, Georgia, Charles E.
Jackson, whose mailing address is
Byron. Georgia, and R. E. Lanyon,
whose mailing address is P. 0.
Box 109, Fort Valley, Georgia,
Shows:
1.
Petitioners desire for themselv
es, their associates and successors
to be incorporated under the name
of “MID-STATE FEED, SEED &
ELEVATOR COMPANY.”
2 .
The object of this corporation is
pecuniary gain and profit.
3.
The general nature of the bus
leeesea to be conducted is as fol
low*: To own, acquire, lease, rent,
quintain, operate and dispose of,
grain elevators and any and all
other types of storage facilities
including the right and power to ,
buy, sell, store and hold any and
all types of farm products and
commodities; to buy, sell and pro
cess ar.y ar.d all types of seed,
feed, fertilizer and any ar.d all
other related products; to buy,
sell and otherwise deal in ma
-Junes, tools, implements and sup
plies of all kinds, design or adap
tability to and for use in connec
tion with agriculture and affiliated
pursuits; to raise, produce, manu
facture, buy, sell, exchange and
otherwise deal in any and all kinds
of farm, ranch and dairy products;
to buy, sell, exchange, lease, hold,
subdivide and improve real estate,
with all the usual and nee
essary services for itself and
others, including the construction,
erection and repair of buildings
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REMEMBER, OUR CURRENT YEARLY
PASSBOOK RATE, PAID OR COMPOUNDED
QUARTERLY, IS • • •
VIA
SECURITY FEDERAL
Savings and Loan Association
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and structures of a.’ types for it
se ]| anc j others; and u, do any and
acts and things necessary. con
venient, expedient, ancillary or in
aid to the accomplishment of all
of the foregoing businesses.
4.
The corporation shall have the
power to enter’ into guaranties or
endorsements, and otherwise to
act as surety or guaranty whenev
er in the judgement of the Board
of Directors such action shall be
for the benefit of the corporation.
5.
Regardless of the financial con
dition of the corporation at the
time, the corporation shall have
the power to sell, lease or ex
change, all or substantially all its
property and assets, including its
goodwill and its corporate charter
upon such terms and conditions as
its Board of Directors deem exped
ient when and as authorized by the
affirmative majority vote of the
stockholders representing all of
t* 16 outstanding capital stock, cou
nting one vote for each share re
gardless of the general voting qua
lifications of said share. The corp
oration shall have the power to
enter into, or become a partner in,
any arrangement for sharing pro
fits, union of interests, coopera
tive, joint venture or otherwise,
with any person, firm or corpora
tion now carrying on or about to
carry on any business which this
corporation has direct or inciden
tal authority to pursue.
6 .
The corporation shall have the
power- to amend, change or repeal
any provision of its charter, in
form or in substance, upon the
1 vote of the majority of its outsand-
1 ing common stock; and all rights
conferred upon the stockholders,
directors and officers are granted
subject to this reservation.
7.
Th# maximum number of shares
of stock shall be four hundred
thousand shares of common stock,
non assessable, with full
voting rights and with a par
value of One Dollar per
share. Said stock may be issu
ed to subscribers thereof and pur
chasers thereof for consideration
in money, property, services or
goodwill, as the value thereof shall
Oe determined, from time to time,
and at any time, by a majority
vote of the common stockholders.
Notwithstanding anything to the
contrary herein, the corporation
shall not begin business with
less than Two Hundred Dollars
capitalization, and the cap
tilization of said corporation
shall not be reduced below Two
Hundred Dollars at any time.
t.
The corporation shall have the
right and power, from time to time
without charter amendments, upon
a majority vote of the outstanding
stock, to increase or decrease its
capital stock within the maximum
and minimum limitations herein
provided.
9.
The corporation shall have the
power to include in its by-laws any
regulatory or restrictive provisions
relating to the proposed sale tran
sfer or other disposition of any of
its outstanding stock by any its
stockholders or in the event of the
death of any of its stockholders.
The manner and form, as well as
relevant terms, conditions and de
tails hereof shall be determined by
the stockholders of this corpora
tion; provided, however, that no
such regulatory or restrictive pro
visions shall affect the rights of
third parties without actual know
ledge thereof, unless such provis-
ions shall he plainly written upon
the certificate evidencing the own
ership of said stock.
10 .
Petitioners desire said corporat
tion to be vested with all the
rights and powers now or hereafter
given to do any and all things which
may be needful or proper in the
operation of the above described
busin.ssess, and said corporation
shall have all the powers enumer
ated in Sections 22-1827 and 22-
1828, Georgia Code Annotated, and
such powers as may hereafter be
given at law.
11.
The time for which the corpora
tion shall have existence is thirty
five years, with the privilege of
u. the charter, from time
to time, upon the expiration of said
periods of thirty-five years.
12 .
The County in which the princi
pal office of the corporation is to
be located is Peach County, Geor
gia, but the privilege is desired of
establishing branch offices and
places of business both within and
without the State of Georgia.
13.
Your pet.'Hu... u herewith exhi
>n ;■ certificate of the Secretary
of the State of Georgia as required
by Section 22-1803, Georgia Code
Annotated.
WHEREFORE, petitioners pray
to be incorporated under the name
and style aforesaid, with all the
rights, powers & privileges as may
he necessary, proper or incidental
to the conduct of the businesses.,
aforesaid, and as may be inherent
or allowed to like corporations u '•
der the Laws of Georgia, as they
now exist or mav hereafter exist.
Robert E. Lanyon, Attor
ney for Petitioners
GEORGIA, PEACH COUNTY
The foregoing petition of W. E.
Green, Jr. Charles E. Jackson and
R. E. Lanyon, to be incorporated
under the name of “MID-STATE
FEED, SEED & ELEVATOR CO
MPANY,” has been duly presented
to me, and read and considered,
and it appearing that said petition
is within the purview and intent
ion of the laws of this State appli
cable thereto; and it further appe
aring that all of said laws have
been fully complied with;
IT IS THEREFORE CONSIDE
RED, ORDERED AND ADJUDG
ED that said petition be and the
same is hereby granted; and petit
ioners, their successors, associates
and assigns, are hereby incorpor
ated and made a body politic un
der the name and style of “MID
STATE FEED, SEED & ELEVA
TOR COMPANY” for and during
the period of thirty-five years,
with the privilege of renewal at
the expiration of that time, and
with all the rights, powers, privi
leges and immunities mentioned in
said application, and with such ad
ditional rights, powers, privileges
and immunities, as are provided
by the Laws of Georgia as they
now exist or as they may hereafter
exist. ,
Signed, considered, ordered and
adjudged, this 21st day of April,
1967.
C. Cloud Morgan, Judge
4tpml8 Peach Superior Court
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