SECTION I. Be it enacted etc., That W. H. Tuller, E. Fechter, A. J. Kuhn, H. Werner, Joseph Fleishel, and their associates and successors, be and they are hereby declared and constituted a body corporate and politic, under the name and style of "The Atlanta City Brewing Company," for the purpose of carrying on the business of making and manufacturing lager beer, malt and fermented liquors, and preparing all the ingredients pertaining thereto, and of selling and vending the same; and such body corporate and politic shall have power to use a common seal, sue and be sued in any court of law or equity in this State. Said corporate body shall have power, and be able and capable in law, to acquire, purchase, receive, have, hold and enjoy any lands, tenements, hereditaments, rights, goods and chattels of whatever kind or quality necessary for the carrying on of said business, and to sell, convey, or mortgage the same, and to make such by laws, rules and regulations as they deem fit, not contrary to the Constitution of this State or of the United States.
[Sidenote: Corporators]
[Sidenote: Name, object, etc.]
[Sidenote: General powers]
SEC. II. Be it further enacted, That the affairs of said corporation shall be managed by a Board of Directors, of such number and elected in such manner as their by-laws may provide; and when elected, said board shall serve until their successors shall be elected. In such elections, each share of stock shall be entitled to one vote, and the board may appoint such officers and agents as may be necessary to carry on said business.
[Sidenote: Directors]
[Sidenote: Elections]
Page: 232
SEC. III. Be it further enacted, That the capital stock of said corporation shall be fifty thousand dollars, of one hundred dollars each. Said stock may be increased from time to time by a vote of a majority of the stockholders, whose stock is fully paid up, to an amount not exceeding one hundred thousand dollars. All stock shall be paid in money, or in such property as the corporation may require for carrying on business; and said business can be commenced under this charter when twenty-five thousand dollars is paid in.
[Sidenote: Capital Stock, shares, etc.]
SEC. IV. Be it further enacted, That the stockholders of said corporation shall be personally liable for the debts of said corporation, or any portion of them, to the amount of their stock.
[Sidenote: Individual Bability]
SEC. V. Repeals conflicting laws.
Approval Date: Approved February 25, 1876.