§ 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.
§ 52-5-4. Time of Commencement of Corporate Existence; Payment of Fee for Issuance of Certificate
When the Secretary of State issues a certificate of incorporation, the persons who signed the petition described in Code Section 52-5-2 and all persons who shall become stockholders in such company shall be a corporation by the name specified in the petition and certificate and shall possess the powers and privileges and be subject to […]
§ 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 […]
§ 52-5-5. Duty of Secretary of State to Assure Company’s Compliance With Chapter Prior to Issuance of Certificate; Certificate as Constituting Evidence of Corporation’s Existence and Compliance With Chapter
Before the Secretary of State shall issue the certificate, he shall satisfy himself that all the requirements of Code Section 52-5-2 have been substantially complied with. Any certificate or duplicate thereof issued by the Secretary of State shall be conclusive evidence of the existence of such corporation in all the courts and places in this […]
§ 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 […]
§ 52-3-5. Exercise of Power of Eminent Domain
If for any reason the Department of Transportation is unable to secure any such property or rights required by the United States government for the construction and maintenance of the intracoastal waterway from the Savannah River to Cumberland Sound by voluntary agreement with the owner or owners thereof on terms and conditions satisfactory to it, […]