All corporate powers and privileges to navigation companies shall be issued and granted by the Secretary of State upon the terms, liabilities, and restrictions and subject to all the provisions of this chapter and the Constitution of Georgia. History. Ga. L. 1894, p. 71, § 1; Civil Code 1895, § 2147; Civil Code 1910, § […]
A company desiring to have its capital stock increased shall: File in the office of the Secretary of State a petition signed with the corporate name, stating: The name and character of the corporation; The date of its original charter and all amendments thereto; and That it desires to amend the company’s charter to increase […]
The company shall have the following powers: To acquire, purchase, hold, and operate all such real and personal property as may be necessary or convenient for the maintenance and operation of its business and to accomplish the purposes of its organization; To convey persons, vessels, and other property by the use of steam, sail, or […]
Any navigation company incorporated prior to April 1, 1969, whether by the General Assembly or otherwise, may amend its charter by adopting the provisions of this chapter, by filing with the Secretary of State a petition signed with the corporate name, stating the name and character of the corporation, the date of the original Act […]
Any five or more natural persons may act as incorporators of a corporation to be organized under this chapter by filing a petition in writing, addressed to the Secretary of State, in which shall be stated the names and residences of each of the persons desiring to form the corporation, the name of the navigation […]
When the petition shall have been filed with the Secretary of State, he shall issue to the company, under the great seal of the state, the following form of certificate: “To all to whom these presents may come — Greetings: Whereas, in pursuance of an Act of the General Assembly of Georgia, approved December 6, […]
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 […]
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 […]
When the amount of capital stock has been subscribed, the persons named in the certificate of incorporation, or a majority of them, are authorized to call a meeting of the stockholders for the purpose of organization, which meeting shall be held in the city or other place where the principal office of the company shall […]
When the certificate has been issued, the persons named therein, in case they shall not have subscribed for the entire capital stock, may open books of subscription to complete the subscription to the capital stock of the company, in such manner and for such amount per share as they may deem proper and expedient, and […]
The directors may require the subscribers to the capital stock to pay the amounts variously subscribed by them in such installments as they may deem proper. The directors may receive cash or property, real or personal, at the agreed value thereof in the payment of such installments. If any subscriber shall neglect to pay any […]
The stock in the company shall be deemed personal property and shall be transferable in such manner as may be prescribed by the bylaws of the company. History. Ga. L. 1894, p. 71, § 7; Civil Code 1895, § 2155; Civil Code 1910, § 2573; Code 1933, § 17-210. Cross references. Consideration of stocks as […]
