§ 52-4-2. Issuance of Certificate of Incorporation
When the petition for incorporation has been made and filed and the fee paid, as provided in Code Section 52-4-1, the Secretary of State shall issue to the petitioners a certificate as follows: “Georgia. To whom it may concern — Greetings: _______________ having filed their petition in the terms of the law, praying to be […]
§ 52-4-3. Maintenance by Secretary of State of Files and Books Regarding Canal Companies
The Secretary of State shall keep on file all petitions for incorporation and transcripts from minutes provided for in this chapter and shall also keep a book in which shall be entered by him the name of the company, date of incorporation, amount of capital stock, location of principal office, and any increase or decrease […]
§ 52-4-4. Time of Commencement of Corporate Existence; Duration of Corporate Existence
Upon the issuance of the certificate, the persons therein named, their associates, and their successors shall be and become a body corporate for the period provided for in Code Section 14-4-62. History. Ga. L. 1893, p. 81, § 2; Civil Code 1895, § 1988; Civil Code 1910, § 2369; Code 1933, § 17-104.
§ 52-4-5. Petitioners as Constituting First Board of Directors; Election of Officers; Prescription of Rules and Bylaws; Opening Books of Subscription for Capital Stock
The petitioners shall constitute the first board of directors; they shall organize by electing one of their number president and such other officers as may be necessary, prescribe rules and bylaws, and open books of subscription for the capital stock. History. Ga. L. 1893, p. 81, § 2; Civil Code 1895, § 1988; Civil Code […]
§ 52-4-6. Publication of Notice Upon Subscription for All of Capital Stock and Payment of 10 Percent Thereof; Authorization for Commencing Transaction of Business; Personal Liability of Directors and Stockholders
When all the capital stock has been subscribed for and 10 percent thereof paid in, notice of that fact shall be published three times in the public newspaper in which the sheriff’s sales are advertised in the county in which is situated the principal office of the corporation. When this has been done, the corporation […]
§ 52-4-7. Location of Principal Office
The principal office of all companies incorporated as provided in this chapter shall always be in this state. History. Ga. L. 1893, p. 81, § 11; Civil Code 1895, § 1997; Civil Code 1910, § 2378; Code 1933, § 17-105.
§ 52-4-8. Powers and Duties of Companies Generally
All companies incorporated under this chapter shall have power to bring or be the subject of actions; make contracts; lease, purchase, hold, and sell such property, real and personal, as may be necessary for the purposes of the corporation; and construct and maintain a canal and branch canals, dams, races, weirs, aqueducts, reservoirs, towpaths, and […]
§ 52-4-9. Right of Corporation to Increase or Decrease Capital Stock
All companies incorporated under this chapter may increase or decrease their capital stock in the manner provided in Code Sections 14-4-120 and 14-4-121. History. Ga. L. 1893, p. 81, § 10; Civil Code 1895, § 1996; Civil Code 1910, § 2377; Code 1933, § 17-107. Cross references. Change in capital stock of corporations, §§ 14-4-120 […]
§ 52-4-10. Power of Companies to Enlarge Works and Appliances of Canals and Branch Canals and to Deepen and Widen Canals
Any company incorporated under this chapter is authorized to enlarge any of the works or appliances of a canal or branch canals and enlarge a canal anywhere along the line of the same by deepening and widening it, making basins, dams, reservoirs, or otherwise. Any such company is also authorized to construct and build branch […]
§ 52-4-11. Furnishing of Canal Water by Canal Companies; Charges for Use of Water
Any canal company incorporated as provided in this chapter is authorized to allow water to be drawn from its canal for the purpose of propelling machinery, irrigating lands, furnishing water for drinking or fighting fire, or any other purpose that the board of directors may deem proper at any points along the line of the […]