Georgia Code, Title 52, Chapter 5 - Navigation Companies

• § 52-5-1 - Granting of Corporate Powers and Privileges by Secretary of State
  All corporate powers and privileges to navigation companies shall be issued and granted by the Secretary of State upon the terms, liabilities, and restrictions...
• § 52-5-2 - Filing of Petition for Incorporation; Contents of Petition; Attachment of Affidavit of Incorporators; Endorsement, Recordation, and Filing of Petitions by Secretary of State
  Any five or more natural persons may act as incorporators of a corporation to be organized under this chapter by filing a petition in...
• § 52-5-3 - Issuance of Certificate of Incorporation Generally
  When the petition shall have been filed with the Secretary of State, he shall issue to the company, under the great seal of the...
• § 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...
• § 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...
• § 52-5-6 - Organization of Company; Quorum; Election of First Board of Directors; Qualifications of Directors; Election and Appointment of Officers and Agents; Annual Election Of, and Filling of Vacancies On, Board of Directors
  When the amount of capital stock has been subscribed, the persons named in the certificate of incorporation, or a majority of them, are authorized...
• § 52-5-7 - Opening Books of Subscription for Capital Stock; Restriction on Increase of Capital Stock
  When the certificate has been issued, the persons named therein, in case they shall not have subscribed for the entire capital stock, may open...
• § 52-5-8 - Manner of Payment for Stock; Auction Sale of Stock Upon Default by Subscriber; Giving Delinquent Subscriber Notice of Auction Sale
  The directors may require the subscribers to the capital stock to pay the amounts variously subscribed by them in such installments as they may...
• § 52-5-9 - Stock As Constituting Personal Property; Determination of Manner of Transfer of Stock
  The stock in the company shall be deemed personal property and shall be transferable in such manner as may be prescribed by the bylaws...
• § 52-5-10 - Procedure for Increase of Capital Stock
  (a) A company desiring to have its capital stock increased shall: (1) File in the office of the Secretary of State a petition signed...
• § 52-5-11 - Powers of Companies Generally
  The company shall have the following powers: (1) To acquire, purchase, hold, and operate all such real and personal property as may be necessary...
• § 52-5-12 - Adoption of Chapter by Companies Incorporated Prior to April 1, 1969, and by Persons Otherwise Owning or Operating a Navigation Business
  (a) Any navigation company incorporated prior to April 1, 1969, whether by the General Assembly or otherwise, may amend its charter by adopting the...

Last modified: October 14, 2016