12 LC 29
5262S
The
House Committee on Judiciary offers the following substitute to HR
1611:
A
RESOLUTION
Recognizing
the need to preserve the sovereignty of a foreign corporation to engage in
certain commercial activities within the confines of Baldwin County, Georgia;
and for other purposes.
WHEREAS,
it is of considerable importance to preserve the sovereignty of a foreign
corporation and to allow such corporation to engage in certain commercial
activities within the confines of Baldwin County, Georgia; and
WHEREAS,
it is of further importance that such foreign corporation have the ability to
contract with Georgia corporations and enter into a joint venture with Water
Energy Technologies Incorporated, Baldwin County, Georgia, the State of Georgia,
and others in accordance with the laws of the State of Georgia; and
WHEREAS,
it is also imperative that the foreign corporation maintain its foreign
corporation independence and sovereignty while entering into a joint venture
with Water Energy Technologies Incorporated, an Alabama corporation, whereby
both organizations may develop and manufacture green energy fuels;
and
WHEREAS,
the source of such green energy fuels is from a wood chips process developed by
Water Energy Technologies Incorporated; and
WHEREAS,
these entities may construct other commercial enterprises on property owned by
said joint venture partners at the discretion of the joint venture partners, and
may be approved by the governing body of Baldwin County, Georgia.
NOW,
THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES that the members of
this body recognize the need to preserve the sovereignty of a foreign
corporation to engage in certain commercial activities within the confines of
Baldwin County, Georgia and the State of Georgia, and subject to the laws of the
State of Georgia.