Newspaper Page Text
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By EARL “TIGE” PICKLE
Because the Blakely Lions Club
members are always doing some
good, unselfish work, I would like to
join in and give them an assist on a
current project. This may sound
as if T am giving myself a pat on the
back, as I am proud to say 1 belong
to this organization, but I am not,
as I am not one of those hard-work
ing Lions. I am one of those mem
bers who serve in the bow depart
ment. When the other boys do the
work, and the applause starts rolling
in, some of us run out on the stage
and take a bow.
But anyhow, the Lions are joining
what is hoped will become a national
campagin, a drive to destroy all the
old ice boxes and refrigerators lying
around people’s houses. All too fre
quently one can pick up a newspaper
and see where some child has been
playing “hide and seek” and died
from suffocation while in an old ice
box or refrigerator. A few years
ago, I saw a Negro child who was
caught in one of these boxes and died
while a search was being made for
him. By nature, a child likes to
hide, and an old ice box or refrigera
tor is a most likely place. The latch
is on the outside and there is no way
to get out of one, after the door
has been shut, except for someone
to come and unlatch the door.
So, if you have one of these old
boxes lying around your premises,
take the door off, or better, destroy
it completely. It may mean the sav
ing of a child’s life. Furniture deal
ers, particularly, can be of big as
sistance in this drive. When they
trade a new refrigerator, they could
very easily, right then and there,
render these boxes useless and pre--
vent a tragedy.
These tragedies can occur any
where. The accident in which I saw
the little Negro boy perish happened
right here in Blakely on North
Church street.
There iz no nut like a football nut.
About 20,000 of us sat in the rain
last Saturday to see a Georgna Tech
team mangle little Davidson College,
which would have been more evenly
matched had they been playing a
first-class high school team, and
probably would rather have been
doing so, excopt for that big fat
check that went along with the aw.
ful beating» The victory didn't prove
anything that wasa't known all
along, namely and towit: Tech has
four good football teams and all the
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TIME IS MONEY
then o C.mc'fi:ng Account will
SAVEe YOU MONgy = for it cer
tainly saves time .. . and effort
C{)nn your C‘zccimg Account
at this bank
%
BANK OF CARLY
e R L= S SVg '
“The Bank of Friendly Servies™
crazy Georgians don’t get their mail
at Milledgeville,
Happy days! The rattle of the
peanut picker can be heard in our
land.
Too much talk bores a lot of
people, but if it is complimentary
talk, noobdy will interrupt you.
All of us parents who are prone to
complain about some of the kids hav
ing to attend classes in inconvenient
places while the new school rooms
are under construction, ought to
remember the type building Abe
Lincoln had to use. t was a log
cabin. Of course, Abe got shot, but
he was president of the United
States when it happened.
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) yodey
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your legs
; look pretty in
price
> here
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Your hose are .i ‘l
almost a third ‘ _
of your costume. \
DOVEDOWNS \
are fashion right. \
$1.35
WHITE-JERNIGAN
COMPANY
DR. A. EARL TAYLCR
OPTOMETRIST
128 South Main Street
Telephone 4514
BLAKELY, GA.
|Bt ate o eSI
EARLY COUNTY NEWS. RLAKELY, GEORGIA
PETITION TO AMEND CHARTER
IGE'OR‘GIA-—JDsrlv County:
l To the Superior Court of said
jcounty:
The petition of SOUTHEASTERN
LIQUID FERTILIZER COMPANY.}
a corporation duly organized and ex
isting under the laws of the State
of Georgia, shows to this Honorable
Court:
1, Petitioner was incorporated by
order of this Court on the 28th day
of July 1949,
2, Under its charter, petitioner
was authorized to issue common stock
at a par value of SIOO.OO per share
in an amount not to exceed 1000
shares; and petitioner has issued 470
shares of said common stock, hsvlna
a total par value of $47,000.00, an
now constituting the entire outstand
ing issue of capital stock,
3. The stockholders of petitioner,
at a special meeting of the stock
holders duly and legally held on the
28th day of August, 1953, at which
all of the stockholders were present,
unanimously adopted a resolution to
amend petitioner’s charter in the
particulars hereinafter set forth, as
shown by the certificate of the Sec
retary of said corporation which is
attached hereto as Exhibit A and
made a part hereof.
4, In lieu of the capital stock au
thorized in the original charter, pe
titioner shall have authority to issue
the following class+s of stock: [
. (a) Common Stock. |
‘ (1) The corporation shall be
authorized to issue a maximum of
|30.000 shares of common stock with
a par value of SI.OO per share, which
common stock may be issued from
time to time by a majority vote of
the corporation’s board of directors.
(2) The corporation shall issuve
11,000 of such shares of common
stock of the par value of SI.OO per
share, together with the “Class A"
preferred hst.?k (b)“bou‘lom‘i' in
subparagraph 4. ow, in ex
change for the 470 shares of com
mon stock of the par value of SIOO.OO
each, now outstanding, and such 470
shares of the common stock now
outstanding shall then be retired and
cancelled. In effectuating such ex
change, retirement and uneolhfion.‘
the corporation may, subject to the
consent and agreement of the M-"
holders concerned, issue 2,000 shares
of the new common stock of the
par value of SI.OO per share in ex
change for 72 of the shares of the
common stock of the par value of
SIOO.OO now outstanding; and it
may issue 9,000 shares of the new
common stock, together with the en
tire amount of said “Class A” pre
ferred stock, in txeh-r for the
remaining 398 shares of the com
mon stock now ouuudilx"-
(3) Seven thousand of
the new common stock shall be held
in reserve by the corporation for
such time, up to five years from
date, as shall be necessary for is-
B lih e
con au
:brlud in l‘-nc.r'.h 4. (¢) be
ow, upon exercise their conver
d“(l) The stockholders of
. common
record at the time of issuance, either
for cash or for consideration other
than money, of any additional
shares of the common stock or
other voting stock which the cor
poration is authorized to issue, other
than the shares required for the
conversion of the “Class B” con-{
vertible preferred stock, shall have
full pre-emptive rights to Durchnl
their proportionate number of shares
of such. additional stock,
(5) At mectings of the stock
holders of the corporation, commeon
stockholders of record shall be en
titled to one vote for each share held.
(b) “Class A" Preferred Stock.
In addition to the common stock
authorized above, the corporation
shall be authorized to issue “Class
A" preferred stock in the amount
of 3“.';0‘0‘:.00. consisting ol““'lm
shares a value .00
per share. Mm A" preferred
stock shall have the following rights,
vrivileges and immunities:
(1) Dividends.. Holders of the
“C‘lfi:‘ A; preferred o::‘et t.u be
en receive, as w de
clared by the board of dlmuz out
of the surplus or net profits the
corporation legally available thereof,
a preferential dividend of 5 percent
of the par value thereof per annum
before any dividends are paid on the
common stock. Such dividend shall
be pavable semi-annually, on the
first days of March and ‘oou-bu
Such dividend shall be cumulative
from the date of issuance. No ‘m-l
dend shall be declared or pald on
the common stock until all unpa.d
accumulated dividends on the “Class
A" preferred stock have been paid’
(or set aside for payment, The ”l
ference of said “Class A™ preferred
stock as to dividends shall be ident cal
with the preference of the “Class
B convertible preferred stock. Ex
mas n:o“mu. “Class A;Jn.
© st I not be enti to
(2) Pref Liguidation.
crence than.
In the event of any :mififlu d/m;
solution or winding up of the com
pany, or reduction or decrease of its
mu&m. resulting in a d.am.:,i
assels 1o s common stock
holders other than by way of ordi
Bary dividends out of net profits or
kuplu the holders of said “Class
A" preserved stock shall be entitled
0 receive on an equal preference
with the holders of the “Class B*/
convertible preferred stock and be
fore any distribution of assels shall
be made 1o the holders of the com
mon stock, & sum caual to the par
value of said “Class A" preferred
stock, plus all unpaid accumulated
dividends, but shall be entitled 1o
no further participation in sueh dis-|
iribution. The expression “unpaid
secumulated dividends”, wherever ge. |
ed in this charter amendment, shall
Mmean ah amount, computed at the
AhAual dividend rate, from the date
dividends become cumulative 1o the
date on which the computation s
made, lose the aggregate of the divi |
Gends paid thereon on or prior 1o
suech date. If upon any such liguide
tion, winding wp, discolution, redye
tion or decrense, the assets distriby
"table among the holders of the pre
| ferred stock, both “Class A” and
“Class B”, shall be insufficient to
permit the payment of the prefer
ence amounts aforesaid, then the en
’tire assets of the company shall be
distributed with equal preference
among the holders of the ‘““Class A"
preferred stock and the holders of
the **Class B"” convertible preferred
stock ratably in proportion to the
preferential amounts to which they
are respectively entitled,
(3) Voting Rights, Holders of
“Class A" preferred stock shall not
be entitled to vote at meetings of
the stockholders of the corporation,
(4) Redemption, U?on the ex
piration of a period of five years
from date of issue, said “Class A"
preferred stock may be redeemed
and retired by the corporation at its
option, e;rrnaod by vote of its
board of directors, at any time or
from time to time, either in whole
or in part, at the prices set forth
below. The corporation may apply
toward such redemption any part of
its surplus funds, or an amount of
its capital which is not greater than
the capital represented by the shares
redeemed, but under no circum
stances shall the corporation apply
any other funds or any further part
of its capital toward the redemption
of such stock. Such redemption
shall be made on the following terms
and conditions:
| (A) If said stock is redeemed
| within ten years from the date of
issue, the redemption price shall be
$25.50 per share, plus all unpaid ac
cumulated dividends.
(B) If said stock is redeemed
after the expiration of ten years,
but within fifteen years from the
date of issue, the redemption price
shall be $25.256 per share, plus all
unpaid accumulated dividends.
(C) If said stock is redeemed
after the expiration of fifteen years
from the date of issue, the redempt
ion price shall be the par value
$25.00 per share, plus all unpaid
ucnu:s) TJ% ‘unpaid
© - 2
accumulated dividends”, as used in
sub-paragraphs (A), (B) and (C)
n’;‘bob:. t;h“tohl:" the neaniu: (:)-
¢ ere sub-paragraph 4.
(2), hereinabove,
(E) Notice of any proposed re
demption shall be given by the com
pany by mailing a copy of such
notice at least fifteen days prior to
the date fixed for such redemption
to the holders of record of said
“Class A” preferred stock to be re
deemed at their respective addresses
as shown on the books of the com
pany. In case of a partial ndonrt
ion, the certificates to be called for
such redemption shall be determined
by lot. From and after the date
{fixed in any such notice as the date
R R L ey
pro
viding funds sufficient for such re
demption at the time nw
specified in said notice, all ds
on shares called for rdom
shall cease to accrue and all
of the holders of the shares so called
for redemption as stockholders of
the corporation shall cease and ter
minate, except only the rights to re
ceive when due the redemption funds
to which they are entitled. No in
terest on the redemption funds shall
be allowed to the stockholder after
the date fixed for redemption in
suid notice.
(¢} “Class B” Convertible Pre
ferred Stock. The corporation shall
also be authorized to issue “Class
B” convertible preferred stock in
the amount of $140,000, which shall
consist of 7,000 shares with a par
value of $20.00 per share, and which
|a;.u have the follawing rights,
privileges and immunities:
(1) Dividends. Holders of sald
“Class B" convertible preferred
stock shall be entitled to receive, as!
and when declared by the board ofl
dtn;wn.'ou& of the surplus ‘l.:g:l"
profits ol 3 poration
available won}:. a mfinuu;{
annual dividend of § percent of par
value thereof before any dividends
are pald upon the common stock.
Such dividend shall be payable semi
annually on the fimst d:r- of March
and September. Such dividend shall
be cumulative from the date of is
suance, No dividend shall be de
clared or paid on the common stock !
until all unpaid accumulated dM-I
dends on the “Class B" preferred!
stock have been paid or set ud-l
for payment. The preference of
this “Class B” convertible preferred |
stock as to dividends shall be identi.|
eal with that of the “Class A" wre
’f.m-! stock deseribed in subpara-|
eraph 4.(b) above, Except as afore.
| sald, “Class B* convertible preferred
[ stock shall not be entitled to divi-|
Fdends i
. (2) Preference Upon Liguida.
ition In the event of any liguida-!
{tlon, dissolution or winding up of
ihe company or reduction or de
crease of ila capital stock, resulting
in 8 distribution of amstis to ils comm
imon stockholders other than by way|
’nl ordinary dividends out of net
profits or surplus, the holders of
said “Class B” convertible preferred
| stoek sha'l be entitled to receive for
Leach share, on an equal preference
ihuh the holders of the “Class A"
preferred stook, and before any dis-|
tribution of assets shall be made 1o
the holders of the commeon stock, a
U equal 1o the par value of sald!
Class B convertible preferred stock |
z:: all m e uimylated lm-f
5 A in in “ 1
LEB) (2) hercinabove, but shall CE
entitied o ne further rmumuui
I such distribution. If, upon any
sueh liguidation, disselution, iin"'-
ing up. reduction or deerease, the
ssels distributable among the hold: |
ers of lh:.:nbn-d stock, beth)
| “Class A" “Class B, shall be
insufficient 1o permit the payment
of the full preference amounts afore: |
shid, then the entire amets of the
company shall be distributed with!
edual prefcrence among Lhe k&m%
of the “Class B” convert be mvtwag
ted stock and the holders of the!
“Class A" preferred stock ratably
I 8 proportien 19 the preferential
amounis to mhich they are reapective.
I¥ entitied.
(3) Conversion Righs. Each
share of the “Class B” convertible
preferred stock described herein may,
‘at any time within five years from
the date of issue, be converted by
the holder thereof into one share
of the common stock authorized in
subparagraph 4(a) hereof, above,
upon wvresentation and surrender to
the Secretary of the corporation of
the certificate of ‘‘Class B” con
vertible preferred stock to be so
converted, properly endorsed, and
such shares shall thereupon be can
celled and retired, |
(4) Pre-emptive Rights. For a‘
period of five years from the date|
of issue of the “Class B” convertible
mreferred stock, the holders of|
record of such stock at the time of
issuance, either for cash or for con
sideration other than money, of any
additional shares of the common
stock or other voting stock which
the corporation is authorized to is
sue, other than the shares issued
upon conversion of the *“Class B”
convertible preferred stock, shall
have full pre-emptive rights to pur
chase their proportionate number of
shares of such additional stock.
(5) Voting Rights, At meetings
of the stockholders of the corpora
tion, holders of record of the “Class
B"” convertible preferred stock shall
be entitled to one vote for each
share held.
WHEREFORE, petitioner Ruyl
that its charter be amended as here
inabove set out upon due com
pliance with the law in such cases
made and provided. '
Sutherland, Asbill & Brennan,
Attorneys for Petitioner,
EXHIBIT A
I, J. I. Davis, Jr., do hereby cer
tify that I am Secretary of SOUTH-
You serve Coca-Cola
.
with assurance
You know guests enjoy the
matchless, delicious flavor of T
Coke. You know you're -t 3
serving the best ... they know b= &
it, too. Serve it ice cold, | ;
right in the bottle. >
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w'ub UNDER AUTHORTY ©F Tt COCA COLA COMPNY BY
CUTHBERT COCA-COLA BUTTLING COMPANY
*Coke™ is a registered trade-mark. Copyright 1952, The Cosa-Cola Co.
pgn PRUDENTIAL'S NEW SICKNESS -
e & ACCIDENT PROTECTION
B, / rehe b ey
g * lanly i ndiideel Mephel and By
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g Oscar Whitchard
% BLAKELY, GA.
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05 T PRUDINTIAL INSURANCE COMPANY OF AMIRICA
/ BM Tse o e S g wad o e Seese wd hme e
*2{ ONE OMCE Mewats w 4 ©
el -“‘“ ':’l L ,‘" "" ."’ A." "?" -' '," 4. ; ! ; j 4 »
DAILY CASH MARKET
. for your
\HOGS AND CATTLE
Day Telephone 3784
| Night 3682-W
P 8 . Your Business will be
Appreciated.
BLAKELY LIVESTOCK COMPANY
A. L. (Red) Pritchett, Owner
EASTERN LIQUID FERTILIZER
COMPANY, a corporation organized
and existing under the laws of the
State of Georgia, with its principal
place of business in Early County,
Georgia, and that at a special meet
ing of the stockholders of this cor
poration held on the 28th day of
August, 1953, at which meeting all
call and notice was waived by each
stockholder, a resolution was adopt
ed by the unanimous vote of all the
stockholders authorizing the amend
ment to the charter of this corpora
tion in the particulars set forth in
the foregoing petition, to which this
certificate is attached.
IN WITNESS WHEREOF, I have
heremimo set my hand and official
seal of Southeastern Liquid Fertilizer
{muny. this 31st day of August,
J. 1. DAVIS, JR., Secretary.
ORDER
The foregoing petition of South
castern Liquid Fertilizer Contlny
to amend its charter having been
read and considered, and it appear
ing to the Court that said 'rtltion
is made in accordance with the laws
of this State, and that petitioner
has complied with the requirements
of law remlatlm;‘ the granting of
amendments to charters of corpora
tions; 4
IT IS HEREBY ORDERED, AD
JUDGED AND DECREED That the
prayers of said petition be and the
same are hereby granted, and the
charter of petition is hereby amend
ed in all of the particulars set out
in said petition.
This Ist day of September, 1953.
W. 1. GEER,
Judge, Superior Court of
Early County.