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<TITLE>COUSINS PROPERTIES, INC.</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As filed with the Securities and Exchange Commission on May&nbsp;22, 2009</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 6pt"><B>Registration No.&nbsp;333-________</B>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 10pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 12pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 8pt"><B>FORM S-8</B>
</DIV>


<DIV align="Center" style="font-size: 12pt; margin-top: 5pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>

</DIV>
<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 12pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 20pt; margin-top: 9pt"><B>COUSINS PROPERTIES INCORPORATED</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
<B>(Exact Name of Registrant as Specified in Its Charter)</B></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Georgia</B><BR>
(State or Other Jurisdiction of <BR>
Incorporation or Organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>58-0869052</B><BR>
(I.R.S. Employer<BR>
Identification Number)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>191 Peachtree Street, Suite&nbsp;3600, Atlanta, Georgia 30303-1740</B><BR>
(Address of Principal Executive Offices) (Zip Code)</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 12pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>COUSINS PROPERTIES INCORPORATED 2009 INCENTIVE STOCK PLAN</B><BR>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 2pt">(Full Title of the Plan)
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 12pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 14pt"><B>ROBERT M. JACKSON<BR>
Senior Vice President, General Counsel and Corporate Secretary<BR>
Cousins Properties Incorporated<BR>
191 Peachtree Street, Suite&nbsp;3600<BR>
Atlanta, Georgia 30303-1740<BR>
(404)&nbsp;407-1000</B><BR>
(Name, Address and Telephone Number,<BR>
Including Area Code, of Agent for Service)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Copies to:</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>ALAN J. PRINCE<BR>
King &#038; Spalding LLP<BR>
1180 Peachtree Street<BR>
Atlanta, Georgia 30309<BR>
(404)&nbsp;572-4600</B>

</DIV>
<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 12pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 5pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large
accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the
Exchange Act. (Check one):</DIV>

<DIV align="center">
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<TR valign="bottom">
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    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="left" valign="top">Large accelerated filer
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT face="Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accelerated filer
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">Non-accelerated filer
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Smaller&nbsp;reporting&nbsp;company
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="5" valign="top" align="left">(Do not check if a smaller reporting company)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 9pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Title of Securities</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Aggregate Offering</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount of</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">to be Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">to be Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Per Share (1)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Price (1)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registration Fee</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

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    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par
value $1.00 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">8,180,962&nbsp;shares&nbsp;(2)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$7.605</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$62,216,216</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$3,471.66</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Estimated solely for the purpose of computing the registration fee pursuant to Rule 457(h) on
the basis of the high and low sales prices of Common Stock of Cousins Properties Incorporated
(the &#147;Company&#148;) on the New York Stock Exchange on May&nbsp;15, 2009.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;416(a), this Registration Statement also covers such indeterminate number of
additional securities as may become issuable under the plans as the result of any future stock
splits, stock dividends or similar transactions.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<DIV style="font-family: 'Times New Roman',Times,serif">










<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
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<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
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	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">EXPLANATORY NOTE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART I<BR> INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">PART II<br> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;4. Description of Securities.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;5. Interests of Named Experts and Counsel.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;7. Exemption from Registration Claimed.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#009">Item&nbsp;9. Undertakings.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010"> SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="g19210exv5w1.htm">EX-5.1 OPINION OF KING & SPALDING LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="g19210exv23w1.htm">EX-23.1 CONSENT OF DELOITTE & TOUCHE LLP</A></TD></TR>
</TABLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>








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<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form S-8 relates to 8,180,962 shares of Common Stock, $1.00 par
value per share, of the Company, to be issued to eligible employees and outside directors of the
Company pursuant to the Cousins Properties Incorporated 2009 Incentive Stock Plan (the &#147;Plan&#148;). The
8,180,962 shares were previously authorized for issuance under the Cousins Properties Incorporated
1999 Incentive Stock Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective January&nbsp;1, 2009, the Company adopted Statement of Financial Accounting Standards
(&#147;SFAS&#148;) 160, <I>&#147;Noncontrolling Interests in Consolidated Financial Statements &#151; an amendment of ARB
No.&nbsp;51&#148; </I>(&#147;SFAS 160&#148;), as described more fully in Note 9 to the unaudited interim condensed
consolidated financial statements in the Form 10-Q for the three months ended March&nbsp;31, 2009. The
adoption of SFAS 160 did not have a material impact on our financial condition, results of
operations or cash flows. However, it did impact the presentation and disclosure of noncontrolling
interests in our condensed consolidated financial statements. As a result of the retrospective
presentation and disclosure requirements of SFAS 160, the Company will be required to reflect the
change in presentation and disclosure for all periods presented in future filings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The effect on the prior year balance sheets related to the adoption of SFAS 160 is summarized
as follows (in thousands):
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>December 31,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

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<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Balance Sheets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity, as previously reported</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">467,687</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">552,503</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Increase for SFAS 160 reclassification of
nonredeemable noncontrolling interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37,539</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,419</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustment for FSP EITF D-98 valuations of
redeemable noncontrolling interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(964</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,318</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity, as adjusted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">504,262</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">593,240</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests, as previously reported</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">40,520</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">45,783</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustment for FSP EITF D-98 valuations of
redeemable noncontrolling interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">964</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,353</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Decrease for SFAS 160 reclassification of
nonredeemable noncontrolling interest to equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(37,539</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(38,419</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Redeemable noncontrolling interests, as adjusted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,945</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">11,717</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally, the adoption of SFAS 160 had the effect of reclassifying earnings
attributable to non-controlling interests in the condensed consolidated statement of income from
other income and expense to separate line items. SFAS 160 also requires that net income be
adjusted to include the net income attributable to the noncontrolling interests, and a new separate
caption for net income attributable to common shareholders be presented in the condensed
consolidated statement of income. Thus, after adoption of SFAS 160 net income increased (decreased)
by $(353,000), $(2,000), and $1,112,000 for the fiscal years 2008, 2007, and 2006, respectively,
and net income attributable to common shareholders will be equal to net income as previously
reported prior to the adoption of SFAS 160.
</DIV>
<!-- link1 "PART I<BR> INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I<BR><BR>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents containing the information specified in Part&nbsp;I will be sent or given to eligible
participants in the Plan, as specified by Rule&nbsp;428(b) of the Securities Act of 1933, as amended
(the &#147;Securities Act&#148;). Consistent with the instructions of Part&nbsp;I of Form S-8, such documents will
not be filed with the Securities and Exchange Commission (the &#147;Commission&#148;) either as part of this
Registration Statement or as prospectuses or prospectus supplements pursuant to Rule&nbsp;424 of the
Securities Act. These documents and the documents incorporated by reference pursuant to Item&nbsp;3 of
Part&nbsp;II of this Registration Statement, taken together, constitute a prospectus within the meaning
of<BR>Section&nbsp;10(a) of the Securities Act.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "PART II<br> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>

<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;3.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Incorporation of Documents by Reference.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed with the Commission are hereby incorporated by reference into
this Registration Statement:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2008;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s Quarterly Report on Form 10-Q for the three months ended March
31, 2009;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s Current Reports on Form 8-K filed on February&nbsp;20, 2009, March&nbsp;3,
2009, April&nbsp;14, 2009, May&nbsp;6, 2009, and May&nbsp;18, 2009; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the Company&#146;s Common Stock contained in the Company&#146;s
Registration Statement on Form 8-A (File No.&nbsp;1-11312) dated August&nbsp;4, 1992, filed under
the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), including any
amendment or report filed for the purpose of updating such description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Company subsequent to the date of this Registration Statement
pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Exchange Act and prior to the filing of a
post-effective amendment which indicates that all securities offered hereby have been sold or which
deregisters all such securities then remaining unsold, shall be deemed to be incorporated by
reference in this Registration Statement and to be a part hereof from the date of filing of such
documents.
</DIV>
<!-- link2 "Item&nbsp;4. Description of Securities." -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;4.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Description of Securities.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->
<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;5.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Interests of Named Experts and Counsel.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left"><A NAME="006"></A></DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;6.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Indemnification of Directors and Officers.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Part 5 of Article&nbsp;8 of the Georgia Business Corporation Code (the &#147;GBCC&#148;) states:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">14-2-850. Part definitions
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As used in this part, the term:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&#147;Corporation&#148; includes any domestic or foreign predecessor entity of a corporation in a
merger or other transaction in which the predecessor&#146;s existence ceased upon consummation of the
transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&#147;Director&#148; or &#147;officer&#148; means an individual who is or was a director or officer,
respectively, of a corporation or who, while a director or officer of the corporation, is or was
serving at the corporation&#146;s request as a director, officer, partner, trustee, employee, or agent
of another domestic or foreign corporation, partnership, joint venture, trust, employee benefit
plan, or other entity. A director or officer is considered to be serving an employee benefit plan
at the corporation&#146;s request if his or her duties to the corporation also impose duties on, or
otherwise involve services by, the director or officer to the plan or to participants in or
beneficiaries of the plan. Director or officer includes, unless the context otherwise requires, the
estate or personal representative of a director or officer.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&#147;Disinterested director&#148; means a director who at the time of a vote referred to in
subsection (c)&nbsp;of Code Section&nbsp;14-2-853 or a vote or selection referred to in subsection (b)&nbsp;or (c)
of Code Section&nbsp;14-2-855 or subsection (a)&nbsp;of Code Section&nbsp;14-2-856 is not:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;A party to the proceeding; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;An individual who is a party to a proceeding having a familial, financial, professional,
or employment relationship with the director whose indemnification or advance for expenses is the
subject of the decision being made with respect to the proceeding, which relationship would, in the
circumstances, reasonably be expected to exert an influence on the director&#146;s judgment when voting
on the decision being made.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&#147;Expenses&#148; includes counsel fees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&#147;Liability&#148; means the obligation to pay a judgment, settlement, penalty, fine (including
an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred
with respect to a proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)&nbsp;&#147;Official capacity&#148; means:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;When used with respect to a director, the office of director in a corporation; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;When used with respect to an officer, as contemplated in Code Section&nbsp;14-2-857, the
office in a corporation held by the officer.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Official capacity does not include service for any other domestic or foreign corporation or any
partnership, joint venture, trust, employee benefit plan, or other entity.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7)&nbsp;&#147;Party&#148; means an individual who was, is, or is threatened to be made a named defendant or
respondent in a proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8)&nbsp;&#147;Proceeding&#148; means any threatened, pending, or completed action, suit, or proceeding,
whether civil, criminal, administrative, arbitrative, or investigative and whether formal or
informal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14-2-851. Authority to indemnify
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except as otherwise provided in this Code section, a corporation may indemnify an
individual who is a party to a proceeding because he or she is or was a director against liability
incurred in the proceeding if:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;Such individual conducted himself or herself in good faith; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;Such individual reasonably believed:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;In the case of conduct in his or her official capacity, that such conduct was in the best
interests of the corporation;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;In all other cases, that such conduct was at least not opposed to the best interests of
the corporation; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)&nbsp;In the case of any criminal proceeding, that the individual had no reasonable cause to
believe such conduct was unlawful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;A director&#146;s conduct with respect to an employee benefit plan for a purpose he or she
believed in good faith to be in the interests of the participants in and beneficiaries of the plan
is conduct that satisfies the requirement of subparagraph (a)(2)(B) of this Code section.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The termination of a proceeding by judgment, order, settlement, or conviction or upon a
plea of nolo contendere or its equivalent is not, of itself, determinative that the director did
not meet the standard of conduct described in this Code section.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;A corporation may not indemnify a director under this Code section:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;In connection with a proceeding by or in the right of the corporation, except for
reasonable expenses incurred in connection with the proceeding if it is determined that the
director has met the relevant standard of conduct under this Code section; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;In connection with any proceeding with respect to conduct for which he or she was
adjudged liable on the basis that personal benefit was improperly received by him or her, whether
or not involving action in his or her official capacity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14-2-852. Mandatory indemnification
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A corporation shall indemnify a director who was wholly successful, on the merits or
otherwise, in the defense of any proceeding to which he or she was a party because he or she was a
director of the corporation against reasonable expenses incurred by the director in connection with
the proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14-2-853. Advance for expenses
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;A corporation may, before final disposition of a proceeding, advance funds to pay for or
reimburse the reasonable expenses incurred by a director who is a party to a proceeding because he
or she is a director if he or she delivers to the corporation:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;A written affirmation of his or her good faith belief that he or she has met the relevant
standard of conduct described in Code Section&nbsp;14-2-851 or that the proceeding involves conduct for
which liability has been eliminated under a provision of the articles of incorporation as
authorized by paragraph (4)&nbsp;of subsection (b)&nbsp;of Code Section&nbsp;14-2-202; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;His or her written undertaking to repay any funds advanced if it is ultimately determined
that the director is not entitled to indemnification under this part.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undertaking required by paragraph (2)&nbsp;of subsection (a)&nbsp;of this Code section must be
an unlimited general obligation of the director but need not be secured and may be accepted without
reference to the financial ability of the director to make repayment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Authorizations under this Code section shall be made:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;By the board of directors:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;When there are two or more disinterested directors, by a majority vote of all the
disinterested directors (a majority of whom shall for such purpose constitute a quorum) or by a
majority of the members of a committee of two or more disinterested directors appointed by such a
vote; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;When there are fewer than two disinterested directors, by the vote necessary for action
by the board in accordance with subsection (c)&nbsp;of Code Section&nbsp;14-2-824, in which authorization
directors who do not qualify as disinterested directors may participate; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;By the shareholders, but shares owned or voted under the control of a director who at the
time does not qualify as a disinterested director with respect to the proceeding may not be voted
on the authorization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14-2-854. Court-ordered indemnification and advances for expenses
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;A director who is a party to a proceeding because he or she is a director may apply for
indemnification or advance for expenses to the court conducting the proceeding or to another court
of competent jurisdiction. After receipt of an application and after giving any notice it considers
necessary, the court shall:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;Order indemnification or advance for expenses if it determines that the director is
entitled to indemnification or advance for expenses under this part; or
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;Order indemnification or advance for expenses if it determines, in view of all the
relevant circumstances, that it is fair and reasonable to indemnify the director or to advance
expenses to the director, even if the director has not met the relevant standard of conduct set
forth in subsections (a)&nbsp;and (b)&nbsp;of Code Section&nbsp;14-2-851, failed to comply with Code Section
14-2-853, or was adjudged liable in a proceeding referred to in paragraph (1)&nbsp;or (2)&nbsp;of subsection
(d)&nbsp;of Code Section&nbsp;14-2-851, but if the director was adjudged so liable, the indemnification shall
be limited to reasonable expenses incurred in connection with the proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;If the court determines that the director is entitled to indemnification or advance for
expenses under paragraph (1)&nbsp;of subsection (a)&nbsp;of this Code Section, it shall also order the
corporation to pay the director&#146;s reasonable expenses to obtain court ordered indemnification or
advance for expenses. If the court determines that the director is entitled to indemnification or
advance for expenses under paragraph (2)&nbsp;of subsection (a)&nbsp;of this Code section, it may also order
the corporation to pay the director&#146;s reasonable expenses to obtain court ordered indemnification
or advance for expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The court may summarily determine, without a jury, a corporation&#146;s obligation to advance
expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14-2-855. Determination and authorization of indemnification
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;A corporation may not indemnify a director under Code Section&nbsp;14-2-851 unless authorized
thereunder and a determination has been made for a specific proceeding that indemnification of the
director is permissible in the circumstances because he or she has met the relevant standard of
conduct set forth in Code Section&nbsp;14-2-851.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The determination shall be made:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;If there are two or more disinterested directors, by the board of directors by a majority
vote of all the disinterested directors (a majority of whom shall for such purpose constitute a
quorum) or by a majority of the members of a committee of two or more disinterested directors
appointed by such a vote;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;By special legal counsel:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">&nbsp;&nbsp;&nbsp;(A) Selected in the manner prescribed in paragraph (1)&nbsp;of this subsection; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">&nbsp;&nbsp;&nbsp;(B) If there are fewer than two disinterested directors, selected by the board of directors
(in which selection directors who do not qualify as disinterested directors may participate); or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;By the shareholders, but shares owned by or voted under the control of a director who at
the time does not qualify as a disinterested director may not be voted on the determination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Authorization of indemnification or an obligation to indemnify and evaluation as to
reasonableness of expenses shall be made in the same manner as the determination that
indemnification is permissible, except that if there are fewer than two disinterested directors or
if the determination is made by special legal counsel, authorization of indemnification and
evaluation as to reasonableness of expenses shall be made by those entitled under subparagraph
(b)(2)(B) of this Code section to select special legal counsel.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14-2-856. Shareholder approved indemnification
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;If authorized by the articles of incorporation or a bylaw, contract, or resolution
approved or ratified by the shareholders by a majority of the votes entitled to be cast, a
corporation may indemnify or obligate itself to indemnify a director made a party to a proceeding
including a proceeding brought by or in the right of the corporation, without regard to the
limitations in other Code sections of this part, but shares owned or voted under the control of a
director who at the time does not qualify as a disinterested director with respect to any existing
or threatened proceeding that would be covered by the authorization may not be voted on the
authorization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The corporation shall not indemnify a director under this Code section for any liability
incurred in a proceeding in which the director is adjudged liable to the corporation or is
subjected to injunctive relief in favor of the corporation:
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;For any appropriation, in violation of the director&#146;s duties, of any business opportunity
of the corporation;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;For acts or omissions which involve intentional misconduct or a knowing violation of law;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;For the types of liability set forth in Code Section&nbsp;14-2-832; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;For any transaction from which he or she received an improper personal benefit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Where approved or authorized in the manner described in subsection (a)&nbsp;of this Code
section, a corporation may advance or reimburse expenses incurred in advance of final disposition
of the proceeding only if:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;The director furnishes the corporation a written affirmation of his or her good faith
belief that his or her conduct does not constitute behavior of the kind described in subsection (b)
of this Code section; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;The director furnishes the corporation a written undertaking, executed personally or on
his or her behalf, to repay any advances if it is ultimately determined that the director is not
entitled to indemnification under this Code section.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14-2-857. Indemnification of officers, employees, and agents
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;A corporation may indemnify and advance expenses under this part to an officer of the
corporation who is a party to a proceeding because he or she is an officer of the corporation:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To the same extent as a director; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;If he or she is not a director, to such further extent as may be provided by the articles
of incorporation, the bylaws, a resolution of the board of directors, or contract except for
liability arising out of conduct that constitutes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">&nbsp;&nbsp;&nbsp;(A) Appropriation, in violation of his or her duties, of any business opportunity of the
corporation;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">&nbsp;&nbsp;&nbsp;(B) Acts or omissions which involve intentional misconduct, or a knowing violation of law;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">&nbsp;&nbsp;&nbsp;(C) The types of liability set forth in Code Section&nbsp;14-2-832; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">&nbsp;&nbsp;&nbsp;(D) Receipt of an improper personal benefit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The provisions of paragraph (2)&nbsp;of subsection (a)&nbsp;of this Code section shall apply to an
officer who is also a director if the sole basis on which he or she is made a party to the
proceeding is an act or omission solely as an officer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;An officer of a corporation who is not a director is entitled to mandatory
indemnification under Code Section&nbsp;14-2-852, and may apply to a court under Code Section&nbsp;14-2-854
for indemnification or advances for expenses, in each case to the same extent to which a director
may be entitled to indemnification or advances for expenses under those provisions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;A corporation may also indemnify and advance expenses to an employee or agent who is not
a director to the extent, consistent with public policy, that may be provided by its articles of
incorporation, bylaws, general or specific action of its board of directors, or contract.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14-2-858. Insurance
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A corporation may purchase and maintain insurance on behalf of an individual who is a
director, officer, employee, or agent of the corporation or who, while a director, officer,
employee, or agent of the corporation, serves at the corporation&#146;s request as a director, officer,
partner, trustee, employee, or agent of another domestic or foreign corporation, partnership, joint
venture, trust, employee benefit plan, or other entity against liability asserted against or
incurred by him or her in that capacity or arising from his or her status as a director, officer,
employee, or agent, whether or not the corporation would have power to indemnify or advance
expenses to him or her against the same liability under this part.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14-2-859. Application of part
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;A corporation may, by a provision in its articles of incorporation or bylaws or in a
resolution adopted or a contract approved by its board of directors or shareholders, obligate
itself in advance of the act or omission giving rise to a proceeding to provide indemnification or
advance funds to pay for or reimburse expenses consistent with this part. Any
such obligatory provision shall be deemed to satisfy the requirements for
authorization referred to in subsection (c)&nbsp;of Code Section&nbsp;14-2-853 or subsection (c)&nbsp;of Code
Section&nbsp;14-2-855.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Any provision pursuant to subsection (a)&nbsp;of this Code section shall not obligate the
corporation to indemnify or advance expenses to a director of a predecessor of the corporation,
pertaining to conduct with respect to the predecessor, unless otherwise specifically provided. Any
provision for indemnification or advance for expenses in the articles of incorporation, bylaws, or
a resolution of the board of directors or shareholders, partners, or, in the case of limited
liability companies, members or managers of a predecessor of the corporation or other entity in a
merger or in a contract to which the predecessor is a party, existing at the time the merger takes
effect, shall be governed by paragraph (3)&nbsp;of subsection (a)&nbsp;of Code Section&nbsp;14-2-1106.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;A corporation may, by a provision in its articles of incorporation, limit any of the
rights to indemnification or advance for expenses created by or pursuant to this part.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;This part shall not limit a corporation&#146;s power to pay or reimburse expenses incurred by
a director or an officer in connection with his or her appearance as a witness in a proceeding at a
time when he or she is not a party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Except as expressly provided in Code Section&nbsp;14-2-857, this part shall not limit a
corporation&#146;s power to indemnify, advance expenses to, or provide or maintain insurance on behalf
of an employee or agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Any provision in a corporation&#146;s articles of incorporation or bylaws or in a resolution
adopted or contract approved by its board of directors or shareholders that obligates the
corporation to provide indemnification to the fullest extent permitted by law shall, unless such
provision or another provision in the corporation&#146;s articles of incorporation or bylaws or in a
resolution adopted or a contract approved by its board of directors or shareholders expressly
provides otherwise, be deemed to obligate the corporation:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To advance funds to pay for or reimburse expenses in accordance with Code Section&nbsp;14-2-853
to the fullest extent permitted by law; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) To indemnify directors to the fullest extent permitted in Code Section&nbsp;14-2-856, provided
that such provision is duly authorized as required in subsection (a)&nbsp;of Code Section&nbsp;14-2-856, and
to indemnify officers to the fullest extent permitted in paragraph (2)&nbsp;of subsection (a)&nbsp;and
subsection (b)&nbsp;of Code Section&nbsp;14-2-857.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Restated and Amended Articles of Incorporation and Bylaws</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As permitted by the GBCC, the Company&#146;s Restated and Amended Articles of Incorporation provide
that a director shall not be personally liable to the Company or its shareholders for monetary
damages for breach of duty of care or other duty as a director, except that such provision shall
not eliminate or limit the liability of a director (a)&nbsp;for any appropriation, in violation of his
duties, of any business opportunity of the Company, (b)&nbsp;for acts or omissions that involve
intentional misconduct or a knowing violation of law, (c)&nbsp;for unlawful corporate distributions
under Section&nbsp;14-2-832 of the GBCC or (d)&nbsp;for any transaction from which the director derived an
improper personal benefit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Article&nbsp;VI of the Company&#146;s Bylaws, the Company is required to indemnify any person who
is made or threatened to be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative and whether formal or informal
(including any action by or in the right of the Company), by reason of the fact that he is or was a
director, officer, agent or employee of the Company against expenses (including reasonable
attorneys&#146; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred
by him in connection with such proceeding provided that such person shall not be indemnified
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">in any
proceeding in which he is adjudged liable to the Company for (i)&nbsp;any appropriation, in violation of
his duties, of any business opportunity of the Company, (ii)&nbsp;acts or omissions which involve
intentional misconduct or knowing violation of law, (iii)&nbsp;unlawful corporate distributions or (iv)
any transaction from which such person received improper personal benefit. Expenses incurred by any
person according to the foregoing provisions shall be paid by the Company in advance of the final
disposition of such proceeding upon receipt of the written affirmation of such person&#146;s good faith
belief that he has met the standards of conduct required under the Bylaws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Indemnification Agreements between the Company and Directors and Certain Officers</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has entered into indemnification agreements with its directors and certain
officers providing contractual indemnification by the Company to the maximum extent authorized by
law.
</DIV>
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<DIV align="left"><A NAME="007"></A></DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;7.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Exemption from Registration Claimed.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<!-- link2 "Item&nbsp;8. Exhibits." -->
<DIV align="left"><A NAME="008"></A></DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;8.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Exhibits.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed as part of this Registration Statement:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of King &#038; Spalding LLP.</DIV></TD>
</TR>

<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Cousins Properties Incorporated 2009 Incentive Stock Plan
(included as Annex B to the Company&#146;s Proxy Statement, filed with
the Commission on April&nbsp;3, 2009 and incorporated herein by
reference).</DIV></TD>
</TR>

<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Deloitte &#038; Touche LLP.</DIV></TD>
</TR>

<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of King &#038; Spalding LLP (included as part of Exhibit&nbsp;5.1).</DIV></TD>
</TR>

<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Power of Attorney (included in signature pages).</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

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<DIV align="left"><A NAME="009"></A></DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;9.</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Undertakings.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned Registrant hereby undertakes:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any prospectus required by Section
10(a)(3) of the Securities Act of 1933;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To reflect in the prospectus any facts or
events arising after the effective date of the Registration Statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than a 20
percent change in the maximum aggregate offering price set forth in the
&#147;Calculation of Registration Fee&#148; table in the effective Registration
Statement;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any material information with
respect to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information in
the Registration Statement;</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%"><I>provided</I>, <I>however</I>, that paragraphs (a)(l)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by the
Registrant pursuant to Section&nbsp;13 or Section 15(d) of the Securities Exchange Act of
1934 that are incorporated by reference in the Registration Statement.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new Registration Statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
<I>bona fide </I>offering thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned Registrant hereby undertakes that, for the purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant&#146;s annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&#146;s
annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the Registration Statement shall be deemed to be a new
Registration Statement relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial <I>bona fide </I>offering
thereof.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised
that in the opinion of the Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of
expenses incurred or paid by a director, officer or controlling person of the
Registrant in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed
in the Act and will be governed by the final adjudication of such issue.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<!-- link1 " SIGNATURES" -->
<DIV align="left"><A NAME="010"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Atlanta, State of Georgia, on this 22nd day of May, 2009.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">COUSINS PROPERTIES INCORPORATED<BR><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Robert M. Jackson
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Robert M. Jackson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Senior Vice President, General
Counsel and<BR>Corporate Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENT, that each person whose signature appears below constitutes and
appoints Thomas D. Bell, Jr. and Robert M. Jackson, and each of them, his or her true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, for such persons
and in his or her name, place and stead, in any and all capacities, to sign any and all amendments
to this Registration Statement, and to file the same with all exhibits thereto and other documents
in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents, and
each of them, full power and authority to do and to perform each and every act and thing requisite
or necessary to be done in and about the premises, as fully and to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, and any of them, or their substitutes, may lawfully do or cause to be done by virtue
hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacity indicated on the 22nd day of
May, 2009.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Thomas D. Bell, Jr.
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Thomas D. Bell, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Chief Executive Officer<BR>
and Chairman of the Board<BR>
(Principal Executive Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James A. Fleming
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
James A. Fleming</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Executive Vice President<BR>
and Chief Financial Officer<BR>
(Principal Financial Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John D. Harris, Jr.
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
John D. Harris, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Senior Vice President<BR>
Chief Accounting Officer<BR>
and Assistant Secretary<BR>
(Principal Accounting Officer)</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Erskine B. Bowles
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Erskine B. Bowles</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Director</TD>
</TR>
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</TABLE>
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

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    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James D. Edwards
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
James D. Edwards</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Lillian C. Giornelli
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Lillian C. Giornelli</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ S. Taylor Glover
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
S. Taylor Glover</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James H. Hance, Jr.
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
James H. Hance, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ William B. Harrison, Jr.
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
William B. Harrison, Jr.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/Boone A. Knox
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Boone A. Knox</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Director</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ William Porter Payne
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
William Porter Payne</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center">
Director</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
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<DIV align="left"><A NAME="011"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

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    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Opinion of King &#038; Spalding LLP.</DIV></TD>
</TR>

<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Cousins Properties Incorporated 2009 Incentive Stock Plan
(included as Annex B to the Company&#146;s Proxy Statement, filed with
the Commission on April&nbsp;3, 2009 and incorporated herein by
reference).</DIV></TD>
</TR>

<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of Deloitte &#038; Touche LLP.</DIV></TD>
</TR>

<TR valign="bottom" style="font-size: 5pt"><!-- EI Blank Space -->
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">23.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Consent of King &#038; Spalding LLP (included as part of Exhibit&nbsp;5.1).</DIV></TD>
</TR>

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    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">24.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Power of Attorney (included in signature pages).</DIV></TD>
</TR>
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</BODY>
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COUSINS PROPERTIES, INC.
Table of Contents
As filed with the Securities and Exchange Commission on May 22, 2009
Registration No. 333-________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
COUSINS PROPERTIES INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
Georgia
(State or Other Jurisdiction of
Incorporation or Organization)
58-0869052
(I.R.S. Employer
Identification Number)
191 Peachtree Street, Suite 3600, Atlanta, Georgia 30303-1740
(Address of Principal Executive Offices) (Zip Code)
COUSINS PROPERTIES INCORPORATED 2009 INCENTIVE STOCK PLAN
(Full Title of the Plan)
ROBERT M. JACKSON
Senior Vice President, General Counsel and Corporate Secretary
Cousins Properties Incorporated
191 Peachtree Street, Suite 3600
Atlanta, Georgia 30303-1740
(404) 407-1000
(Name, Address and Telephone Number,
Including Area Code, of Agent for Service)
Copies to:
ALAN J. PRINCE
King & Spalding LLP
1180 Peachtree Street
Atlanta, Georgia 30309
(404) 572-4600
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large
accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
Exchange Act. (Check one):
Large accelerated filer
þ
Accelerated filer
o
Non-accelerated filer
o
Smaller reporting company
o
(Do not check if a smaller reporting company)
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Title of Securities
Amount
Offering Price
Aggregate Offering
Amount of
to be Registered
to be Registered
Per Share (1)
Price (1)
Registration Fee
Common Stock, par
value $1.00 per share
8,180,962 shares (2)
$7.605
$62,216,216
$3,471.66
(1)
Estimated solely for the purpose of computing the registration fee pursuant to Rule 457(h) on
the basis of the high and low sales prices of Common Stock of Cousins Properties Incorporated
(the "Company") on the New York Stock Exchange on May 15, 2009.
(2)
Pursuant to Rule 416(a), this Registration Statement also covers such indeterminate number of
additional securities as may become issuable under the plans as the result of any future stock
splits, stock dividends or similar transactions.
TABLE OF CONTENTS
EXPLANATORY NOTE
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
Item 4. Description of Securities.
Item 5. Interests of Named Experts and Counsel.
Item 6. Indemnification of Directors and Officers.
Item 7. Exemption from Registration Claimed.
Item 8. Exhibits.
Item 9. Undertakings.
SIGNATURES
EXHIBIT INDEX
EX-5.1 OPINION OF KING & SPALDING LLP
EX-23.1 CONSENT OF DELOITTE & TOUCHE LLP
Table of Contents
EXPLANATORY NOTE
This Registration Statement on Form S-8 relates to 8,180,962 shares of Common Stock, $1.00 par
value per share, of the Company, to be issued to eligible employees and outside directors of the
Company pursuant to the Cousins Properties Incorporated 2009 Incentive Stock Plan (the "Plan"). The
8,180,962 shares were previously authorized for issuance under the Cousins Properties Incorporated
1999 Incentive Stock Plan.
Effective January 1, 2009, the Company adopted Statement of Financial Accounting Standards
("SFAS") 160,
"Noncontrolling Interests in Consolidated Financial Statements — an amendment of ARB
No. 51"
("SFAS 160"), as described more fully in Note 9 to the unaudited interim condensed
consolidated financial statements in the Form 10-Q for the three months ended March 31, 2009. The
adoption of SFAS 160 did not have a material impact on our financial condition, results of
operations or cash flows. However, it did impact the presentation and disclosure of noncontrolling
interests in our condensed consolidated financial statements. As a result of the retrospective
presentation and disclosure requirements of SFAS 160, the Company will be required to reflect the
change in presentation and disclosure for all periods presented in future filings.
The effect on the prior year balance sheets related to the adoption of SFAS 160 is summarized
as follows (in thousands):
December 31,
2008
2007
Balance Sheets
Equity, as previously reported
$
467,687
$
552,503
Increase for SFAS 160 reclassification of
nonredeemable noncontrolling interests
37,539
38,419
Adjustment for FSP EITF D-98 valuations of
redeemable noncontrolling interests
(964
)
2,318
Equity, as adjusted
$
504,262
$
593,240
Minority interests, as previously reported
$
40,520
$
45,783
Adjustment for FSP EITF D-98 valuations of
redeemable noncontrolling interests
964
4,353
Decrease for SFAS 160 reclassification of
nonredeemable noncontrolling interest to equity
(37,539
)
(38,419
)
Redeemable noncontrolling interests, as adjusted
$
3,945
$
11,717
Additionally, the adoption of SFAS 160 had the effect of reclassifying earnings
attributable to non-controlling interests in the condensed consolidated statement of income from
other income and expense to separate line items. SFAS 160 also requires that net income be
adjusted to include the net income attributable to the noncontrolling interests, and a new separate
caption for net income attributable to common shareholders be presented in the condensed
consolidated statement of income. Thus, after adoption of SFAS 160 net income increased (decreased)
by $(353,000), $(2,000), and $1,112,000 for the fiscal years 2008, 2007, and 2006, respectively,
and net income attributable to common shareholders will be equal to net income as previously
reported prior to the adoption of SFAS 160.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Part I will be sent or given to eligible
participants in the Plan, as specified by Rule 428(b) of the Securities Act of 1933, as amended
(the "Securities Act"). Consistent with the instructions of Part I of Form S-8, such documents will
not be filed with the Securities and Exchange Commission (the "Commission") either as part of this
Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the
Securities Act. These documents and the documents incorporated by reference pursuant to Item 3 of
Part II of this Registration Statement, taken together, constitute a prospectus within the meaning
of
Section 10(a) of the Securities Act.
1
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
The following documents filed with the Commission are hereby incorporated by reference into
this Registration Statement:
1.
The Company's Annual Report on Form 10-K for the year ended December 31, 2008;
2.
The Company's Quarterly Report on Form 10-Q for the three months ended March
31, 2009;
3.
The Company's Current Reports on Form 8-K filed on February 20, 2009, March 3,
2009, April 14, 2009, May 6, 2009, and May 18, 2009; and
4.
The description of the Company's Common Stock contained in the Company's
Registration Statement on Form 8-A (File No. 1-11312) dated August 4, 1992, filed under
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including any
amendment or report filed for the purpose of updating such description.
All documents filed by the Company subsequent to the date of this Registration Statement
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act and prior to the filing of a
post-effective amendment which indicates that all securities offered hereby have been sold or which
deregisters all such securities then remaining unsold, shall be deemed to be incorporated by
reference in this Registration Statement and to be a part hereof from the date of filing of such
documents.
Item 4.
Description of Securities.
Not applicable.
Item 5.
Interests of Named Experts and Counsel.
Not applicable.
Item 6.
Indemnification of Directors and Officers.
Part 5 of Article 8 of the Georgia Business Corporation Code (the "GBCC") states:
14-2-850. Part definitions
As used in this part, the term:
(1) "Corporation" includes any domestic or foreign predecessor entity of a corporation in a
merger or other transaction in which the predecessor's existence ceased upon consummation of the
transaction.
(2) "Director" or "officer" means an individual who is or was a director or officer,
respectively, of a corporation or who, while a director or officer of the corporation, is or was
serving at the corporation's request as a director, officer, partner, trustee, employee, or agent
of another domestic or foreign corporation, partnership, joint venture, trust, employee benefit
plan, or other entity. A director or officer is considered to be serving an employee benefit plan
at the corporation's request if his or her duties to the corporation also impose duties on, or
otherwise involve services by, the director or officer to the plan or to participants in or
beneficiaries of the plan. Director or officer includes, unless the context otherwise requires, the
estate or personal representative of a director or officer.
2
Table of Contents
(3) "Disinterested director" means a director who at the time of a vote referred to in
subsection (c) of Code Section 14-2-853 or a vote or selection referred to in subsection (b) or (c)
of Code Section 14-2-855 or subsection (a) of Code Section 14-2-856 is not:
(A) A party to the proceeding; or
(B) An individual who is a party to a proceeding having a familial, financial, professional,
or employment relationship with the director whose indemnification or advance for expenses is the
subject of the decision being made with respect to the proceeding, which relationship would, in the
circumstances, reasonably be expected to exert an influence on the director's judgment when voting
on the decision being made.
(4) "Expenses" includes counsel fees.
(5) "Liability" means the obligation to pay a judgment, settlement, penalty, fine (including
an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred
with respect to a proceeding.
(6) "Official capacity" means:
(A) When used with respect to a director, the office of director in a corporation; and
(B) When used with respect to an officer, as contemplated in Code Section 14-2-857, the
office in a corporation held by the officer.
Official capacity does not include service for any other domestic or foreign corporation or any
partnership, joint venture, trust, employee benefit plan, or other entity.
(7) "Party" means an individual who was, is, or is threatened to be made a named defendant or
respondent in a proceeding.
(8) "Proceeding" means any threatened, pending, or completed action, suit, or proceeding,
whether civil, criminal, administrative, arbitrative, or investigative and whether formal or
informal.
14-2-851. Authority to indemnify
(a) Except as otherwise provided in this Code section, a corporation may indemnify an
individual who is a party to a proceeding because he or she is or was a director against liability
incurred in the proceeding if:
(1) Such individual conducted himself or herself in good faith; and
(2) Such individual reasonably believed:
(A) In the case of conduct in his or her official capacity, that such conduct was in the best
interests of the corporation;
(B) In all other cases, that such conduct was at least not opposed to the best interests of
the corporation; and
(C) In the case of any criminal proceeding, that the individual had no reasonable cause to
believe such conduct was unlawful.
(b) A director's conduct with respect to an employee benefit plan for a purpose he or she
believed in good faith to be in the interests of the participants in and beneficiaries of the plan
is conduct that satisfies the requirement of subparagraph (a)(2)(B) of this Code section.
(c) The termination of a proceeding by judgment, order, settlement, or conviction or upon a
plea of nolo contendere or its equivalent is not, of itself, determinative that the director did
not meet the standard of conduct described in this Code section.
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(d) A corporation may not indemnify a director under this Code section:
(1) In connection with a proceeding by or in the right of the corporation, except for
reasonable expenses incurred in connection with the proceeding if it is determined that the
director has met the relevant standard of conduct under this Code section; or
(2) In connection with any proceeding with respect to conduct for which he or she was
adjudged liable on the basis that personal benefit was improperly received by him or her, whether
or not involving action in his or her official capacity.
14-2-852. Mandatory indemnification
A corporation shall indemnify a director who was wholly successful, on the merits or
otherwise, in the defense of any proceeding to which he or she was a party because he or she was a
director of the corporation against reasonable expenses incurred by the director in connection with
the proceeding.
14-2-853. Advance for expenses
(a) A corporation may, before final disposition of a proceeding, advance funds to pay for or
reimburse the reasonable expenses incurred by a director who is a party to a proceeding because he
or she is a director if he or she delivers to the corporation:
(1) A written affirmation of his or her good faith belief that he or she has met the relevant
standard of conduct described in Code Section 14-2-851 or that the proceeding involves conduct for
which liability has been eliminated under a provision of the articles of incorporation as
authorized by paragraph (4) of subsection (b) of Code Section 14-2-202; and
(2) His or her written undertaking to repay any funds advanced if it is ultimately determined
that the director is not entitled to indemnification under this part.
(b) The undertaking required by paragraph (2) of subsection (a) of this Code section must be
an unlimited general obligation of the director but need not be secured and may be accepted without
reference to the financial ability of the director to make repayment.
(c) Authorizations under this Code section shall be made:
(1) By the board of directors:
(A) When there are two or more disinterested directors, by a majority vote of all the
disinterested directors (a majority of whom shall for such purpose constitute a quorum) or by a
majority of the members of a committee of two or more disinterested directors appointed by such a
vote; or
(B) When there are fewer than two disinterested directors, by the vote necessary for action
by the board in accordance with subsection (c) of Code Section 14-2-824, in which authorization
directors who do not qualify as disinterested directors may participate; or
(2) By the shareholders, but shares owned or voted under the control of a director who at the
time does not qualify as a disinterested director with respect to the proceeding may not be voted
on the authorization.
14-2-854. Court-ordered indemnification and advances for expenses
(a) A director who is a party to a proceeding because he or she is a director may apply for
indemnification or advance for expenses to the court conducting the proceeding or to another court
of competent jurisdiction. After receipt of an application and after giving any notice it considers
necessary, the court shall:
(1) Order indemnification or advance for expenses if it determines that the director is
entitled to indemnification or advance for expenses under this part; or
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(2) Order indemnification or advance for expenses if it determines, in view of all the
relevant circumstances, that it is fair and reasonable to indemnify the director or to advance
expenses to the director, even if the director has not met the relevant standard of conduct set
forth in subsections (a) and (b) of Code Section 14-2-851, failed to comply with Code Section
14-2-853, or was adjudged liable in a proceeding referred to in paragraph (1) or (2) of subsection
(d) of Code Section 14-2-851, but if the director was adjudged so liable, the indemnification shall
be limited to reasonable expenses incurred in connection with the proceeding.
(b) If the court determines that the director is entitled to indemnification or advance for
expenses under paragraph (1) of subsection (a) of this Code Section, it shall also order the
corporation to pay the director's reasonable expenses to obtain court ordered indemnification or
advance for expenses. If the court determines that the director is entitled to indemnification or
advance for expenses under paragraph (2) of subsection (a) of this Code section, it may also order
the corporation to pay the director's reasonable expenses to obtain court ordered indemnification
or advance for expenses.
(c) The court may summarily determine, without a jury, a corporation's obligation to advance
expenses.
14-2-855. Determination and authorization of indemnification
(a) A corporation may not indemnify a director under Code Section 14-2-851 unless authorized
thereunder and a determination has been made for a specific proceeding that indemnification of the
director is permissible in the circumstances because he or she has met the relevant standard of
conduct set forth in Code Section 14-2-851.
(b) The determination shall be made:
(1) If there are two or more disinterested directors, by the board of directors by a majority
vote of all the disinterested directors (a majority of whom shall for such purpose constitute a
quorum) or by a majority of the members of a committee of two or more disinterested directors
appointed by such a vote;
(2) By special legal counsel:
(A) Selected in the manner prescribed in paragraph (1) of this subsection; or
(B) If there are fewer than two disinterested directors, selected by the board of directors
(in which selection directors who do not qualify as disinterested directors may participate); or
(3) By the shareholders, but shares owned by or voted under the control of a director who at
the time does not qualify as a disinterested director may not be voted on the determination.
(c) Authorization of indemnification or an obligation to indemnify and evaluation as to
reasonableness of expenses shall be made in the same manner as the determination that
indemnification is permissible, except that if there are fewer than two disinterested directors or
if the determination is made by special legal counsel, authorization of indemnification and
evaluation as to reasonableness of expenses shall be made by those entitled under subparagraph
(b)(2)(B) of this Code section to select special legal counsel.
14-2-856. Shareholder approved indemnification
(a) If authorized by the articles of incorporation or a bylaw, contract, or resolution
approved or ratified by the shareholders by a majority of the votes entitled to be cast, a
corporation may indemnify or obligate itself to indemnify a director made a party to a proceeding
including a proceeding brought by or in the right of the corporation, without regard to the
limitations in other Code sections of this part, but shares owned or voted under the control of a
director who at the time does not qualify as a disinterested director with respect to any existing
or threatened proceeding that would be covered by the authorization may not be voted on the
authorization.
(b) The corporation shall not indemnify a director under this Code section for any liability
incurred in a proceeding in which the director is adjudged liable to the corporation or is
subjected to injunctive relief in favor of the corporation:
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(1) For any appropriation, in violation of the director's duties, of any business opportunity
of the corporation;
(2) For acts or omissions which involve intentional misconduct or a knowing violation of law;
(3) For the types of liability set forth in Code Section 14-2-832; or
(4) For any transaction from which he or she received an improper personal benefit.
(c) Where approved or authorized in the manner described in subsection (a) of this Code
section, a corporation may advance or reimburse expenses incurred in advance of final disposition
of the proceeding only if:
(1) The director furnishes the corporation a written affirmation of his or her good faith
belief that his or her conduct does not constitute behavior of the kind described in subsection (b)
of this Code section; and
(2) The director furnishes the corporation a written undertaking, executed personally or on
his or her behalf, to repay any advances if it is ultimately determined that the director is not
entitled to indemnification under this Code section.
14-2-857. Indemnification of officers, employees, and agents
(a) A corporation may indemnify and advance expenses under this part to an officer of the
corporation who is a party to a proceeding because he or she is an officer of the corporation:
(1) To the same extent as a director; and
(2) If he or she is not a director, to such further extent as may be provided by the articles
of incorporation, the bylaws, a resolution of the board of directors, or contract except for
liability arising out of conduct that constitutes:
(A) Appropriation, in violation of his or her duties, of any business opportunity of the
corporation;
(B) Acts or omissions which involve intentional misconduct, or a knowing violation of law;
(C) The types of liability set forth in Code Section 14-2-832; or
(D) Receipt of an improper personal benefit.
(b) The provisions of paragraph (2) of subsection (a) of this Code section shall apply to an
officer who is also a director if the sole basis on which he or she is made a party to the
proceeding is an act or omission solely as an officer.
(c) An officer of a corporation who is not a director is entitled to mandatory
indemnification under Code Section 14-2-852, and may apply to a court under Code Section 14-2-854
for indemnification or advances for expenses, in each case to the same extent to which a director
may be entitled to indemnification or advances for expenses under those provisions.
(d) A corporation may also indemnify and advance expenses to an employee or agent who is not
a director to the extent, consistent with public policy, that may be provided by its articles of
incorporation, bylaws, general or specific action of its board of directors, or contract.
14-2-858. Insurance
A corporation may purchase and maintain insurance on behalf of an individual who is a
director, officer, employee, or agent of the corporation or who, while a director, officer,
employee, or agent of the corporation, serves at the corporation's request as a director, officer,
partner, trustee, employee, or agent of another domestic or foreign corporation, partnership, joint
venture, trust, employee benefit plan, or other entity against liability asserted against or
incurred by him or her in that capacity or arising from his or her status as a director, officer,
employee, or agent, whether or not the corporation would have power to indemnify or advance
expenses to him or her against the same liability under this part.
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14-2-859. Application of part
(a) A corporation may, by a provision in its articles of incorporation or bylaws or in a
resolution adopted or a contract approved by its board of directors or shareholders, obligate
itself in advance of the act or omission giving rise to a proceeding to provide indemnification or
advance funds to pay for or reimburse expenses consistent with this part. Any
such obligatory provision shall be deemed to satisfy the requirements for
authorization referred to in subsection (c) of Code Section 14-2-853 or subsection (c) of Code
Section 14-2-855.
(b) Any provision pursuant to subsection (a) of this Code section shall not obligate the
corporation to indemnify or advance expenses to a director of a predecessor of the corporation,
pertaining to conduct with respect to the predecessor, unless otherwise specifically provided. Any
provision for indemnification or advance for expenses in the articles of incorporation, bylaws, or
a resolution of the board of directors or shareholders, partners, or, in the case of limited
liability companies, members or managers of a predecessor of the corporation or other entity in a
merger or in a contract to which the predecessor is a party, existing at the time the merger takes
effect, shall be governed by paragraph (3) of subsection (a) of Code Section 14-2-1106.
(c) A corporation may, by a provision in its articles of incorporation, limit any of the
rights to indemnification or advance for expenses created by or pursuant to this part.
(d) This part shall not limit a corporation's power to pay or reimburse expenses incurred by
a director or an officer in connection with his or her appearance as a witness in a proceeding at a
time when he or she is not a party.
(e) Except as expressly provided in Code Section 14-2-857, this part shall not limit a
corporation's power to indemnify, advance expenses to, or provide or maintain insurance on behalf
of an employee or agent.
(f) Any provision in a corporation's articles of incorporation or bylaws or in a resolution
adopted or contract approved by its board of directors or shareholders that obligates the
corporation to provide indemnification to the fullest extent permitted by law shall, unless such
provision or another provision in the corporation's articles of incorporation or bylaws or in a
resolution adopted or a contract approved by its board of directors or shareholders expressly
provides otherwise, be deemed to obligate the corporation:
(1) To advance funds to pay for or reimburse expenses in accordance with Code Section 14-2-853
to the fullest extent permitted by law; and
(2) To indemnify directors to the fullest extent permitted in Code Section 14-2-856, provided
that such provision is duly authorized as required in subsection (a) of Code Section 14-2-856, and
to indemnify officers to the fullest extent permitted in paragraph (2) of subsection (a) and
subsection (b) of Code Section 14-2-857.
Restated and Amended Articles of Incorporation and Bylaws
As permitted by the GBCC, the Company's Restated and Amended Articles of Incorporation provide
that a director shall not be personally liable to the Company or its shareholders for monetary
damages for breach of duty of care or other duty as a director, except that such provision shall
not eliminate or limit the liability of a director (a) for any appropriation, in violation of his
duties, of any business opportunity of the Company, (b) for acts or omissions that involve
intentional misconduct or a knowing violation of law, (c) for unlawful corporate distributions
under Section 14-2-832 of the GBCC or (d) for any transaction from which the director derived an
improper personal benefit.
Under Article VI of the Company's Bylaws, the Company is required to indemnify any person who
is made or threatened to be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative and whether formal or informal
(including any action by or in the right of the Company), by reason of the fact that he is or was a
director, officer, agent or employee of the Company against expenses (including reasonable
attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred
by him in connection with such proceeding provided that such person shall not be indemnified
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in any
proceeding in which he is adjudged liable to the Company for (i) any appropriation, in violation of
his duties, of any business opportunity of the Company, (ii) acts or omissions which involve
intentional misconduct or knowing violation of law, (iii) unlawful corporate distributions or (iv)
any transaction from which such person received improper personal benefit. Expenses incurred by any
person according to the foregoing provisions shall be paid by the Company in advance of the final
disposition of such proceeding upon receipt of the written affirmation of such person's good faith
belief that he has met the standards of conduct required under the Bylaws.
Indemnification Agreements between the Company and Directors and Certain Officers
The Company has entered into indemnification agreements with its directors and certain
officers providing contractual indemnification by the Company to the maximum extent authorized by
law.
Item 7.
Exemption from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
The following exhibits are filed as part of this Registration Statement:
Exhibit
Number
Description
5.1
Opinion of King & Spalding LLP.
10.1
Cousins Properties Incorporated 2009 Incentive Stock Plan
(included as Annex B to the Company's Proxy Statement, filed with
the Commission on April 3, 2009 and incorporated herein by
reference).
23.1
Consent of Deloitte & Touche LLP.
23.2
Consent of King & Spalding LLP (included as part of Exhibit 5.1).
24.1
Power of Attorney (included in signature pages).
Item 9.
Undertakings.
(a) The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:
(i)
To include any prospectus required by Section
10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the prospectus any facts or
events arising after the effective date of the Registration Statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than a 20
percent change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective Registration
Statement;
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(iii)
To include any material information with
respect to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information in
the Registration Statement;
provided
,
however
, that paragraphs (a)(l)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by the
Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of
1934 that are incorporated by reference in the Registration Statement.
(2)
That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new Registration Statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3)
To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
(b)
The undersigned Registrant hereby undertakes that, for the purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is
incorporated by reference in the Registration Statement shall be deemed to be a new
Registration Statement relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial
bona fide
offering
thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised
that in the opinion of the Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of
expenses incurred or paid by a director, officer or controlling person of the
Registrant in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed
in the Act and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Atlanta, State of Georgia, on this 22nd day of May, 2009.
COUSINS PROPERTIES INCORPORATED
By:
/s/ Robert M. Jackson
Robert M. Jackson
Senior Vice President, General
Counsel and
Corporate Secretary
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENT, that each person whose signature appears below constitutes and
appoints Thomas D. Bell, Jr. and Robert M. Jackson, and each of them, his or her true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, for such persons
and in his or her name, place and stead, in any and all capacities, to sign any and all amendments
to this Registration Statement, and to file the same with all exhibits thereto and other documents
in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents, and
each of them, full power and authority to do and to perform each and every act and thing requisite
or necessary to be done in and about the premises, as fully and to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and
agents, and any of them, or their substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacity indicated on the 22nd day of
May, 2009.
Signature
Title
/s/ Thomas D. Bell, Jr.
Thomas D. Bell, Jr.
Chief Executive Officer
and Chairman of the Board
(Principal Executive Officer)
/s/ James A. Fleming
James A. Fleming
Executive Vice President
and Chief Financial Officer
(Principal Financial Officer)
/s/ John D. Harris, Jr.
John D. Harris, Jr.
Senior Vice President
Chief Accounting Officer
and Assistant Secretary
(Principal Accounting Officer)
/s/ Erskine B. Bowles
Erskine B. Bowles
Director
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Signature
Title
/s/ James D. Edwards
James D. Edwards
Director
/s/ Lillian C. Giornelli
Lillian C. Giornelli
Director
/s/ S. Taylor Glover
S. Taylor Glover
Director
/s/ James H. Hance, Jr.
James H. Hance, Jr.
Director
/s/ William B. Harrison, Jr.
William B. Harrison, Jr.
Director
/s/Boone A. Knox
Boone A. Knox
Director
/s/ William Porter Payne
William Porter Payne
Director
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EXHIBIT INDEX
Exhibit
Number
Description
5.1
Opinion of King & Spalding LLP.
10.1
Cousins Properties Incorporated 2009 Incentive Stock Plan
(included as Annex B to the Company's Proxy Statement, filed with
the Commission on April 3, 2009 and incorporated herein by
reference).
23.1
Consent of Deloitte & Touche LLP.
23.2
Consent of King & Spalding LLP (included as part of Exhibit 5.1).
24.1
Power of Attorney (included in signature pages).
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