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<TITLE>COUSINS PROPERTIES INCORPORATED</TITLE>
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<P align="center" style="font-size: 10pt">As filed with the Securities and Exchange Commission on December&nbsp;1, 2004.


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



<div align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="100%"></div>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

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


<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">


<P align="center" style="font-size: 18pt"><B>FORM S-8</B>


<P align="center" style="font-size: 10pt">REGISTRATION STATEMENT UNDER<BR>
THE SECURITIES ACT OF 1933



<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">


<P align="center" style="font-size: 24pt"><B>COUSINS PROPERTIES INCORPORATED</B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


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    <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 No.)</TD>
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<P align="center" style="font-size: 10pt"><B>2500 Windy Ridge Parkway<BR>
Atlanta, Georgia 30339-5683</B><BR>
(Address, including zip code, of registrant&#146;s principal executive offices)



<P align="center" style="font-size: 10pt"><B>COUSINS PROPERTIES INCORPORATED<BR>
1995 STOCK INCENTIVE PLAN</B>



<P align="center" style="font-size: 10pt"><B>COUSINS PROPERTIES INCORPORATED<BR>
1999 INCENTIVE STOCK PLAN</B>



<P align="center" style="font-size: 10pt"><B>COUSINS PROPERTIES INCORPORATED STOCK PLAN<BR>
FOR OUTSIDE DIRECTORS</B><BR>
(Full title of the plans)



<P align="center" style="font-size: 10pt"><FONT style="font-variant: SMALL-CAPS"><B>JAMES A. FLEMING</B></FONT><BR>
<B>Executive Vice President and Chief Financial Officer<BR>
Cousins Properties Incorporated<BR>
2500 Windy Ridge Parkway<BR>
Atlanta, Georgia 30339-5683<BR>
(770)&nbsp;955-2200</B><BR>
(Name, address, including zip code, and telephone<BR>
number, including area code, of agent for service)



<P align="center" style="font-size: 10pt"><B>Copies to:</B>



<P align="center" style="font-size: 10pt"><B>ALAN J. PRINCE<BR>
King &#038; Spalding LLP<BR>
191 Peachtree Street<BR>
Atlanta, Georgia 30303-1763<BR>
(404)&nbsp;572-4600</B>



<P align="center" style="font-size: 10pt"><B>CALCULATION OF REGISTRATION FEE</B>



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    <TD width="5%">&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price Per</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate Offering</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Title of Securities to be Registered</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>be Registered</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Share(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registration Fee</B></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px">Common Stock, par value $1.00 per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">1,669,357 shares</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">32.14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">53,653,133.98</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,797.85</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left"><HR size="1" noshade>&nbsp;</TD>
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    <TD width="1%" nowrap align="right">(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 prices of Common Stock of Cousins Properties Incorporated (the
&#147;Company&#148;) on November&nbsp;23, 2004.</TD>
</TR>
</TABLE>


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<!-- TOC -->
<A name="toc"><DIV align="CENTER"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item 3. Incorporation of Certain Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item 4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item 5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item 6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item 7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item 8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item 9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="g92204exv4w1.htm">EX-4.1 1995 STOCK INCENTIVE PLAN</A></TD></TR>
<TR><TD colspan="9"><A HREF="g92204exv5w1.htm">EX-5.1 OPINION OF KING & SPALDING LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="g92204exv23w1.htm">EX-23.1 CONSENT OF DELOITTE & TOUCHE LLP</A></TD></TR>
</TABLE>
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<P align="center" style="font-size: 10pt"><B>EXPLANATORY NOTE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cousins Properties Incorporated (the &#147;Company&#148;) is filing this registration statement on Form
S-8 (the &#147;Registration Statement&#148;) to register (i)&nbsp;an additional 99,638 shares of common stock, par
value $1.00 per share (&#147;Common Stock&#148;) to be issued to employees of the Company and certain
subsidiaries and to directors of the Company and certain subsidiaries pursuant to the Cousins
Properties Incorporated 1995 Stock Incentive Plan, (ii)&nbsp;an additional 1,556,058 shares of Common
Stock to be issued to employees of the Company and certain subsidiaries and to directors of the
Company and certain subsidiaries pursuant to the Cousins Properties Incorporated 1999 Incentive
Stock Plan, and (iii)&nbsp;an additional 13,661 shares of Common Stock to be issued to outside directors
pursuant to the Cousins Properties Incorporated Stock Plan for Outside Directors.

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

<P align="center" style="font-size: 10pt"><B>PART I</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</B>



<P align="left" style="font-size: 10pt">&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 1995 Stock Incentive Plan, the 1999 Incentive Stock Plan and the Stock Plan for
Outside Directors, as specified by Rule 428(b) of the Securities Act. 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 Section 10(a) of the
Securities Act.

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<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART II</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>


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<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;3.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U><B>Incorporation of Certain Documents by Reference</B></U>



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


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">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, 2003;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s Quarterly Reports on Form 10-Q for the quarters ended March&nbsp;31,
2004, June&nbsp;30, 2004 and September&nbsp;30, 2004;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Current Reports on Form 8-K filed on September&nbsp;22, 2004, October&nbsp;26, 2004 and
November&nbsp;9, 2004; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">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, including any amendment or report filed for the
purpose of updating such description.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">&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.

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<DIV align="left"><A NAME="003"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;4.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U><B>Description of Securities</B></U>



<P align="left" style="font-size: 10pt">Not applicable.


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

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

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<DIV align="left"><A NAME="004"></A></DIV>


<P align="left" style="font-size: 10pt"><B>Item&nbsp;5.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U><B>Interests of Named Experts and Counsel</B></U>



<P align="left" style="font-size: 10pt">Not applicable.

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<DIV align="left"><A NAME="005"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;6.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U><B>Indemnification of Directors and Officers</B></U>



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


<P align="left" style="font-size: 10pt">14-2-850.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PART DEFINITIONS.


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


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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:


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A party to the proceeding; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#147;Expenses&#148; include counsel fees.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


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


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>When used with respect to a director, the office of director in a corporation; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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.</TD>
</TR>

</TABLE>

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">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.


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


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


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

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<P align="left" style="font-size: 10pt">14-2-851.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AUTHORITY TO INDEMNIFY.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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:


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Such individual conducted himself or herself in good faith; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Such individual reasonably believed:</TD>
</TR>

</TABLE>

<P>
<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="1%" nowrap align="right">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the case of conduct in his or her official capacity, that
such conduct was in the best interests of the corporation;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In all other cases, that such conduct was at least not opposed
to the best interests of the corporation; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In the case of any criminal proceeding, that the individual had
no reasonable cause to believe such conduct was unlawful.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


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


<P>
<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="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">14-2-852.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MANDATORY INDEMNIFICATION.


<P align="left" style="font-size: 10pt">&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.


<P align="left" style="font-size: 10pt">14-2-853.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ADVANCE FOR EXPENSES.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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:


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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</TD>
</TR>

</TABLE>
<P align="center" style="font-size: 10pt">4
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<DIV style="font-family: 'Times New Roman',Times,serif">

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>

<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


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


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By the board of directors:</TD>
</TR>

</TABLE>

<P>
<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="1%" nowrap align="right">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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</TD>
</TR>

</TABLE>

<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">14-2-854.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COURT-ORDERED INDEMNIFICATION AND ADVANCES FOR EXPENSES.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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:


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Order indemnification or advance for expenses if it determines that the
director is entitled to indemnification under this part; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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
14-2-851, failed to comply with Code Section&nbsp;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
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.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If the court determines that the director is entitled to indemnification or advance
for expenses under this part, it may also order the corporation to pay the director&#146;s reasonable
expenses to obtain court-ordered indemnification or advance for expenses.


<P align="left" style="font-size: 10pt">14-2-855.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DETERMINATION AND AUTHORIZATION OF INDEMNIFICATION.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


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


<P align="center" style="font-size: 10pt">5
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<DIV style="font-family: 'Times New Roman',Times,serif">

<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By special legal counsel:</TD>
</TR>

</TABLE>

<P>
<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="1%" nowrap align="right">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Selected in the manner prescribed in paragraph (1)&nbsp;of this subsection; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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</TD>
</TR>

</TABLE>

<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


<P align="left" style="font-size: 10pt">14-2-856. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SHAREHOLDER APPROVED INDEMNIFICATION.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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:


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For any appropriation, in violation of the director&#146;s duties, of any business
opportunity of the corporation;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For acts or omissions which involve intentional misconduct or a knowing violation of law;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the types of liability set forth in Code Section&nbsp;14-2-832; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For any transaction from which he or she received an improper personal benefit.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">&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:


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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)&nbsp;of this Code section; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
<P align="center" style="font-size: 10pt">6
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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>

<P align="left" style="font-size: 10pt">14-2-857.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INDEMNIFICATION OF OFFICERS, EMPLOYEES, AND AGENTS.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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:


<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To the same extent as a director; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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:</TD>
</TR>

</TABLE>

<P>
<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="1%" nowrap align="right">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Appropriation, in violation of his or her duties, of any
business opportunity of the corporation;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Acts or omissions which involve intentional misconduct, or a
knowing violation of law;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The types of liability set forth in Code Section&nbsp;14-2-832; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(D)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Receipt of an improper personal benefit.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An officer of the 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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


<P align="left" style="font-size: 10pt">14-2-858.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INSURANCE


<P align="left" style="font-size: 10pt">&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.


<P align="left" style="font-size: 10pt">14-2-859.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APPLICATION OF PART


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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. Any such provision that
obligates the corporation to provide indemnification to the fullest extent permitted by law shall
be deemed to obligate the corporation 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, unless the provision
specifically provides otherwise.


<P align="center" style="font-size: 10pt">7
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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This part does 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.


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


<P align="left" style="font-size: 10pt">RESTATED AND AMENDED ARTICLES OF INCORPORATION AND BYLAWS


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As permitted by the GBCC, the Registrant&#146;s Restated and Amended Articles of Incorporation
provide that a director shall not be personally liable to the Registrant 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 Registrant, (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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Article&nbsp;VI of the Registrant&#146;s Bylaws, the Registrant 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 Registrant), by reason of the fact that he
is or was a director, officer, agent or employee of the Registrant 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 in any proceeding in which he is adjudged liable to the Registrant for (i)&nbsp;any
appropriation, in violation of his duties, of any business opportunity of the Registrant, (ii)&nbsp;acts
or omissions which involve intentional misconduct or knowing violation of law, (iii)&nbsp;unlawful
corporate distributions or (iv)&nbsp;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
Registrant 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.

<!-- link2 "Item 7. Exemption from Registration Claimed" -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U><B>Exemption from Registration Claimed</B></U>



<P align="left" style="font-size: 10pt">Not applicable.

<!-- link2 "Item 8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;8. </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U><B>Exhibits</B></U>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cousins Properties Incorporated 1995 Stock Incentive Plan</TD>
</TR>

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

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cousins Properties Incorporated 1999 Incentive Stock Plan, as amended and
restated (filed as Annex B to the Company&#146;s Proxy Statement, filed with the Commission
on March&nbsp;31, 2004 and incorporated herein by reference)</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



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

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cousins Properties Incorporated Stock Plan for Outside Directors, as amended
and restated (filed as Exhibit&nbsp;10(d) to the Company&#146;s Annual Report on Form&nbsp;10-K for
the year ended December&nbsp;31, 2002 and incorporated herein by reference)</TD>
</TR>

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

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

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

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

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

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

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

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on signature page)</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<!-- link2 "Item 9. Undertakings" -->
<DIV align="left"><A NAME="008"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U><B>Undertakings</B></U>



<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned Registrant hereby undertakes:</TD>
</TR>

</TABLE>

<P>
<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="1%" nowrap align="right">(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>

<P>
<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="15%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any prospectus required by Section&nbsp;10(a)(3) of
the Securities Act of 1933;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="15%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(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 20% change in the maximum aggregate offering
price set forth in the &#147;Calculation of Registration Fee&#148; table in the
effective registration statement; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="15%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(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>

<P>
<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="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>provided, however, that paragraphs (a)(1)(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 periodic reports filed 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.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(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 bona
fide offering thereof.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(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>

<P>
<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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned Registrant hereby undertakes that, for 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
</TD>
</TR>
</TABLE>
<P align="center" style="font-size: 10pt">9
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<P><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="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>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.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(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>
<P align="center" style="font-size: 10pt">10
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<P align="center" style="font-size: 10pt">SIGNATURES



<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Pursuant to the requirements of the Securities Act of 1933, as amended, 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 Cobb County, State of Georgia, on this 1st day of December, 2004.


<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>
&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/ James A. Fleming
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">James A. Fleming&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Executive Vice President and Chief Financial
Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Thomas D. Bell, Jr. and James A. Fleming, 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.


<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">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 1st day of December,
2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Signature</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Thomas D. Bell, Jr.
<HR size="1" noshade>
Thomas D. Bell, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
President, Chief Executive Officer and Vice
Chairman of the Board of Directors
(Principal Executive Officer)</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ James A. Fleming
<HR size="1" noshade>James A. Fleming</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Executive Vice President and Chief
Financial Officer (Principal Financial Officer)</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">11
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<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="40%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Signature</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Michael A. Quinlan
<HR size="1" noshade>
Michael A. Quinlan</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Senior Vice President, Chief Accounting
Officer, Controller and Assistant Secretary
(Principal Accounting Officer)</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Thomas G. Cousins
<HR size="1" noshade>
Thomas G. Cousins</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chairman of the Board of Directors</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
Erskine B. Bowles</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Richard W. Courts, II
<HR size="1" noshade>
Richard W. Courts, II</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
Lillian C. Giornelli</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Boone A. Knox
<HR size="1" noshade>
Boone A. Knox</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ John J. Mack
<HR size="1" noshade>
John J. Mack</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
Hugh L. McColl, Jr.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ William Porter Payne
<HR size="1" noshade>
William Porter Payne</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director</TD>
</TR>

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<P align="center" style="font-size: 10pt">12
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

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<DIV align="left"><A NAME="010"></A></DIV>

<P align="center" style="font-size: 10pt"><U>EXHIBIT INDEX</U>


<DIV align="center">
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<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B><HR size="1" noshade></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cousins Properties Incorporated 1995 Stock Incentive Plan</TD>
</TR>

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

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cousins Properties Incorporated 1999 Incentive Stock Plan, as amended and restated (filed as
Annex B to the Company&#146;s Proxy Statement, filed with the Commission on March&nbsp;31, 2004 and
incorporated herein by reference)</TD>
</TR>

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

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cousins Properties Incorporated Stock Plan for Outside Directors, as amended and restated
(filed as Exhibit&nbsp;10(d) to the Company&#146;s Annual Report on Form&nbsp;10-K for the year ended
December&nbsp;31, 2002 and incorporated herein by reference)</TD>
</TR>

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

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

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

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

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

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

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

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on signature page)</TD>
</TR>

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COUSINS PROPERTIES INCORPORATED
As filed with the Securities and Exchange Commission on December 1, 2004.
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 No.)
2500 Windy Ridge Parkway
Atlanta, Georgia 30339-5683
(Address, including zip code, of registrant's principal executive offices)
COUSINS PROPERTIES INCORPORATED
1995 STOCK INCENTIVE PLAN
COUSINS PROPERTIES INCORPORATED
1999 INCENTIVE STOCK PLAN
COUSINS PROPERTIES INCORPORATED STOCK PLAN
FOR OUTSIDE DIRECTORS
(Full title of the plans)
JAMES A. FLEMING
Executive Vice President and Chief Financial Officer
Cousins Properties Incorporated
2500 Windy Ridge Parkway
Atlanta, Georgia 30339-5683
(770) 955-2200
(Name, address, including zip code, and telephone
number, including area code, of agent for service)
Copies to:
ALAN J. PRINCE
King & Spalding LLP
191 Peachtree Street
Atlanta, Georgia 30303-1763
(404) 572-4600
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Amount to
Offering Price Per
Aggregate Offering
Amount of
Title of Securities to be Registered
be Registered
Share(1)
Price(1)
Registration Fee
Common Stock, par value $1.00 per share
1,669,357 shares
$
32.14
$
53,653,133.98
$
6,797.85
(1)
Estimated solely for the purpose of computing the registration fee pursuant to Rule 457(h) on
the basis of the high and low prices of Common Stock of Cousins Properties Incorporated (the
"Company") on November 23, 2004.
TABLE OF CONTENTS
PART I
PART II
Item 3. Incorporation of Certain 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-4.1 1995 STOCK INCENTIVE PLAN
EX-5.1 OPINION OF KING & SPALDING LLP
EX-23.1 CONSENT OF DELOITTE & TOUCHE LLP
EXPLANATORY NOTE
Cousins Properties Incorporated (the "Company") is filing this registration statement on Form
S-8 (the "Registration Statement") to register (i) an additional 99,638 shares of common stock, par
value $1.00 per share ("Common Stock") to be issued to employees of the Company and certain
subsidiaries and to directors of the Company and certain subsidiaries pursuant to the Cousins
Properties Incorporated 1995 Stock Incentive Plan, (ii) an additional 1,556,058 shares of Common
Stock to be issued to employees of the Company and certain subsidiaries and to directors of the
Company and certain subsidiaries pursuant to the Cousins Properties Incorporated 1999 Incentive
Stock Plan, and (iii) an additional 13,661 shares of Common Stock to be issued to outside directors
pursuant to the Cousins Properties Incorporated Stock Plan for Outside Directors.
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 1995 Stock Incentive Plan, the 1999 Incentive Stock Plan and the Stock Plan for
Outside Directors, as specified by Rule 428(b) of 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.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Certain 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, 2003;
2.
The Company's Quarterly Reports on Form 10-Q for the quarters ended March 31,
2004, June 30, 2004 and September 30, 2004;
3.
Current Reports on Form 8-K filed on September 22, 2004, October 26, 2004 and
November 9, 2004; 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, 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.
2
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.
(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" include 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.
3
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.
(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
4
(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 under this part; or
(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 this part, it may also order the corporation to pay the director's reasonable
expenses to obtain court-ordered indemnification or advance for 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:
5
(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:
(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.
6
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 the 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.
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. Any such provision that
obligates the corporation to provide indemnification to the fullest extent permitted by law shall
be deemed to obligate the corporation to advance funds to pay for or reimburse expenses in
accordance with Code Section 14-2-853 to the fullest extent permitted by law, unless the provision
specifically provides otherwise.
7
(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 does 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 does not limit a
corporation's power to indemnify, advance expenses to, or provide or maintain insurance on behalf
of an employee or agent.
RESTATED AND AMENDED ARTICLES OF INCORPORATION AND BYLAWS
As permitted by the GBCC, the Registrant's Restated and Amended Articles of Incorporation
provide that a director shall not be personally liable to the Registrant 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 Registrant, (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 Registrant's Bylaws, the Registrant 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 Registrant), by reason of the fact that he
is or was a director, officer, agent or employee of the Registrant 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 in any proceeding in which he is adjudged liable to the Registrant for (i) any
appropriation, in violation of his duties, of any business opportunity of the Registrant, (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
Registrant 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.
Item 7.
Exemption from Registration Claimed
Not applicable.
Item 8.
Exhibits
Exhibit
Description
4.1
Cousins Properties Incorporated 1995 Stock Incentive Plan
4.2
Cousins Properties Incorporated 1999 Incentive Stock Plan, as amended and
restated (filed as Annex B to the Company's Proxy Statement, filed with the Commission
on March 31, 2004 and incorporated herein by reference)
8
Exhibit
Description
4.3
Cousins Properties Incorporated Stock Plan for Outside Directors, as amended
and restated (filed as Exhibit 10(d) to the Company's Annual Report on Form 10-K for
the year ended December 31, 2002 and incorporated herein by reference)
5.1
Opinion of King & Spalding LLP
23.1
Consent of Deloitte & Touche LLP
23.2
Consent of King & Spalding LLP (included in Exhibit 5.1)
24.1
Power of Attorney (included on signature page)
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 20% change in the maximum aggregate offering
price set forth in the "Calculation of Registration Fee" table in the
effective registration statement; and
(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)(1)(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 periodic reports filed 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 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
9
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.
10
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, 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 Cobb County, State of Georgia, on this 1st day of December, 2004.
COUSINS PROPERTIES INCORPORATED
By:
/s/ James A. Fleming
James A. Fleming
Executive Vice President and Chief Financial
Officer
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Thomas D. Bell, Jr. and James A. Fleming, 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 1st day of December,
2004.
Signature
Title
/s/ Thomas D. Bell, Jr.
Thomas D. Bell, Jr.
President, Chief Executive Officer and Vice
Chairman of the Board of Directors
(Principal Executive Officer)
/s/ James A. Fleming
James A. Fleming
Executive Vice President and Chief
Financial Officer (Principal Financial Officer)
11
Signature
Title
/s/ Michael A. Quinlan
Michael A. Quinlan
Senior Vice President, Chief Accounting
Officer, Controller and Assistant Secretary
(Principal Accounting Officer)
/s/ Thomas G. Cousins
Thomas G. Cousins
Chairman of the Board of Directors
Erskine B. Bowles
Director
/s/ Richard W. Courts, II
Richard W. Courts, II
Director
Lillian C. Giornelli
Director
/s/ Boone A. Knox
Boone A. Knox
Director
/s/ John J. Mack
John J. Mack
Director
Hugh L. McColl, Jr.
Director
/s/ William Porter Payne
William Porter Payne
Director
12
EXHIBIT INDEX
Exhibit
Description
4.1
Cousins Properties Incorporated 1995 Stock Incentive Plan
4.2
Cousins Properties Incorporated 1999 Incentive Stock Plan, as amended and restated (filed as
Annex B to the Company's Proxy Statement, filed with the Commission on March 31, 2004 and
incorporated herein by reference)
4.3
Cousins Properties Incorporated Stock Plan for Outside Directors, as amended and restated
(filed as Exhibit 10(d) to the Company's Annual Report on Form 10-K for the year ended
December 31, 2002 and incorporated herein by reference)
5.1
Opinion of King & Spalding LLP
23.1
Consent of Deloitte & Touche LLP
23.2
Consent of King & Spalding LLP (included in Exhibit 5.1)
24.1
Power of Attorney (included on signature page)