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Cumming, Georgia.
PETITION FOB CHASTER
GEORGIA! FORSYTH COUNTY.
TO THE SUPERIOR COURT OF
SAID COUNTY:
The petition of MARK HEARD.
JR„ A C. SMITH. JR., and JAMES
A. OTWELL, JR. whose address Is
Cumming, Georgia, hereinafter re
ferred to as petitioners, respectfully
shows:
~1
Pet it loners desire for themselves,
their associates and successors, to
bo incorporated under the name
and style of: "RAKE LANIER DE*
VEROPMENT CORP.”
--2 —
The object of said corporation is
pecuniary gain and profit to its
stockholders, whose principal office
shall he In Forsyth County, Geor
gia, with the privilege of establish
ing offices elsewhere.
—3—
The general nature of the busi
ness of the corporation shall be to
own, buy, sell, acquire, exchange,
lease, promote, develop, subdivide
and Improve all kinds of real es
tate, to construct, or cause to be
constructed, all kinds of houses and
buildings, hr engage in the develop
ment of real estate in all its phases
—4—
There will lx* outstanding only
common stock of par value of
SIOO.OO per share, which shall have
all voting rights but no preemp
tive rights. The amount of com
mon stock outstanding shall not be
less than $20,000.00, but shall not
exceed $100,000.00. The stock
holders may, without charter
amendment, by a two-thirds maj
ority vote at any meeting of the
stockholders duly called for such
purposes increase or decrease the
number of outstanding shares of
stock between the limits herein
specified.
— s —
amount of capital stock with
which the corporation shall begin
business shall not be less than
$200.00, which may be represented
either by cash or property with a
fair market value of that amount.
The corporation shall have an
existence for a period of thirty
five (35) years, with the privilege
of renewal.
—7—
Petitioners desire that By-laws
of the corporation be adopted,
which By-laws shall provide for the
officers- of the corporation, the
manner of their selection, and such
other rules appropriate to By-laws
which have for their purpose the
control and management of the
corporation, including provisions
whereby the By-laws may be amend
ed.
~B
petitioners exhibit a certi
ficate of the Secretary of the State
of Georgia, as required by Sections
22-1803, Code of Georgia, 1933, as
amended.
WHEREFORE, petitioners pray
to be Incorporated under the name
and style of "RAKE LANIER DE
VELOPMENT CORP.” aforesaid,
with all the rights, powers and
privileges and immunities herein
set forth and such additional rights,
powers and privileges as may be in
herent In or allowed to like cor
porations under the laws of the
State of Georgia as they now exist
or may hereafter exist.
JESS H. WATSON
Attorney for Petitioners
IN THE SUPERIOR COURT OF
FORSYTH COUNTY.
IN RE: "RAKE LANIER DEVEL
OPMENT CORP.”
ORDER
The within and foregoing petit
ion of MARK HEARD, JR., A. C.
SMITH, JR., and JAMES A. OT
WERR, JR., to be incorporated un
der the name and style of: “RAKE
LANIER DEVELOPMENT CORP.”
is read, considered and ordered
filed.
It appearing that the petition is
legitimately within the purview of
the laws of Georgia and that pe
titioners have submitted a certifi
cate of the Secretary of State as
required by Section 22-1803, Code
of Georgia, 1933, as amended: ami
it further appearing that petition
ers have complied with all require
ments of the law and there appear
ing to no reason why said pe
tition should not be granted:
IT IS ORDERED THAT THE
PRAYERS of petitioners be and the
same are hereby granted: and the
petitioners are incorporated under
the name an dstyle of: "LAKE
LANIER DEVELOPMENT CORP.”
with all the rights, powers, and
privileges set forth in the petition
and which may bo permitted now
or hereafter to similar corporations
by the laws of Georgia.
This 26th day of April. 1956.
HOWELL BROOKE, Judge
Forsyth Superior Court,
[ Blue Ridge Judicial Circuit
GEORGIA, FORSYTH COUNTY.
I. J. V. MERRITT, Clerk of the
Superior Court of Forsyth County,
Georgia, do hereby certify that the
within and foregoing is a true and
correct copy of petition of MARK
HEAR, JR„ A. C. SMITH, ‘JR., and
JAMES A. OTWELL. JR„ for in
corporation under the name and
style Of "LAKE LANIER DEVEL
IIPMENT CORP.” and the (>rdei of
Court thereon allowing same, all of
which appears of file and record in
this office.
i !Given under my hand and seal
this the 2Gth day of April, 1956.
J. V. MERRITT. Clerk
Forsyth Superior Court
OTWELL & BARNES FUNERAL HOME
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“We Service Ail Types Of Insurance”
Telephones 2478 and 2978 Cumming, Georgia
* , ....
1 . „■
r -.\'
i ' '■ •
♦
»
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