Marion-Schley County GaArchives History .....Incorporation-Tazewell Cotton Co. March 16 1869 ************************************************ Copyright. All rights reserved. http://www.usgwarchives.net/copyright.htm http://www.usgwarchives.net/ga/gafiles.htm ************************************************ File contributed for use in USGenWeb Archives by: Harris Hill http://www.genrecords.net/emailregistry/vols/00011.html#0002514 September 29, 2003, 6:43 pm [Illegible Text] OF THE GENERAL ASSEMBLY OF THE STATE OF GEORGIA: Passed in Atlanta, Georgia, at an ANNUAL SESSION, BEGINNING JAN. 13, AND ENDING MARCH 18, 1869. PART I.--PUBLIC LAWS. TITLE IX. INCORPORATIONS. I.—BANKS AND BANKING COMPANIES. II—IMPORTING COMPANIES. III.—INSURANCE COMPANIES. IV.—MEDICAL COLLEGE. V.—MINING COMPANIES. VI.—NAVIGATION COMPANY. VII.—RAILROAD COMPANIES. VIII.—STEAMBOAT COMPANIES. IX.—TELEGRAPH COMPANIES. X.—TOWNS AND CITIES. TURNPIKE COMPANY. XII.—WATER COMPANIES. XIII.—MANUFACTURING COMPANIES. 1869 Vol. 1 -- Page: 125 Sequential Number: 107 Law Number: (No. 107.) Full Title: An act to incorporate the Tazwell Cotton Manufacturing Company, in Marion county. Section 1. Be it enacted, That Warren Battle, and his associates and successors, are hereby constituted a body politic and corporate, by the name of "The Tazwell Cotton Manufacturing Company," for the purpose of manufacturihg cotton and vending the same, and for such purposes may erect buildings, procure machinery and put into operation the process of manufacturing the staple of cotton under the name aforesaid; sue and be sued, plead and be impleaded, appear, prosecute and defend in any Court of law or equity whatsoever in all suits and actions; may have a common seal, and the same alter and renew at pleasure, and may enjoy all the privileges incident to corporations, and may purchase, hold, mortgage, transfer and convey real and personal estate. [Sidenote: Corporators, style, purposes and powers of.] Sec. 2. And be it further enacted, That the said Warren Battle shall have the privilege of opening books of subscription, and when the sum of fifteen thousand dollars shall have been subscribed, an election shall take place for the election of such officers as in the opinion of the stockholders may be necessary to carry on the objects of this act, and at the first election each stockholder shall be entitled to cast as many votes as he owns one ------------------------------------------------------------------------------- - Page: 126 hundred dollar shares in said Company, and the same rules and regulations shall govern all elections for officers in the future until the rules shall be changed by a vote of a majority. [Sidenote: Books opened.] [Sidenote: Election of officers.] [Sidenote: Votes.] Sec. 3. And be it further enacted, That the said Warren Battle shall keep, or cause to be kept, a book containing the names of subscribers, the amount of stock subscribed, and place of residence when they became stockholders; and the book or books thus opened by the said Warren Battle shall be turned over to the proper officers, and said books, as soon as the building shall have been commenced, shall be kept open at the place of business for the inspection of stockholders and creditors of the Company, and their representatives. [Sidenote: Book of subscribers, &c.] Sec. 4. And be it further enacted, That said corporation shall not contract any debts until the sum of ten thousand dollars of the capital stock is paid in, no part of which shall be withdrawn or in any manner diverted from the business of the Company, and shall not at any time contract debts to an amount exceeding the capital stock of the Company. [Sidenote: Company may contract debts -- when.] Sec. 5. And be it further enacted, That for any violation, or any interference with, any of the property of said Company or their chartered privileges, said person so offending shall be indicted for a misdemeanor, and, on conviction, be punished by fine and imprisonment, at the discretion of the Court. [Sidenote: Interference with immunities of Company misdemeanor -- penalty.] Sec. 6. Repeals conflicting laws. Approval Date: Approved March 16, 1869. Additional Comments: Warren Battle's obituary can be found on the Schley Co. GenWeb site at: http://files.usgwarchives.net/ga/schley/obits/battle.txt This file has been created by a form at http://www.genrecords.org/gafiles/ File size: 4.5 Kb