Savannah morning news. [volume] (Savannah) 1868-1887, 1883-11-23
THE HOTEL.
of the Joint Committees

Meeting of the Joint Committees.
The several committees appointed at the
citizens meeting to take charge Of the
movement looking to the erection of a new
hotel met yesterday afternoon at the office
of the Chairman. The meeting was well
attended, (only two members of the COM
mittees being absent, and very enthusi-
astic.
The Chairman, Capt. d. q. Purse, called
the meeting 10 order, {. y. West, Esq,
Secretary, officiating.
Hon. J. L. Warren, from the committee
on Address to Corporations and Maj.
4. L. Hartridge from the committee on
Address to the Public" reported that
their respective committees were at work.
c. y. West, Esq, offered the following
resolutions which were amended as they
now read and adopted:
Res0}Eed. That committee Of three MEM
bers Of the Bar be appointed by the Chair,
who are requested 10 draw suitable charter
Tor company to be known as the Hotel
Construction Company Of savannah" with a
capital of $250.0O1. to be increased TO not eX-
ceeding $4,000, and To report the same to tins
committee as soon as prepared for presenta-
tiOn 10 the court.
ResOEred. That all persons intending to sub
scribe TO the hotel construction. ana deslrous
Of becoming members Of said corporation. be
requested to send in their names to ID. q.
Purse, Chairman.
Messrs. George A. Mercer, John NJ.
Guerard and c. Y. West were appointed
a committee under the first resolution.
Capt. Jas. b. West moved the adoption
Of the following subscription contract,
which was carried:
SAVANNAH. Nov. y. 1888.
We, the subscribers, in consideration Of our
mutual undertaking. each with the others, DO
agree to pay the sums Of money affixed TO our
names 10 a Board OF Directors. to be elected
by a majority of us as stockholders OF an
incorporation to be legally created of Us, as
members thereof, for the purpose of purchas-
ing a site and erecting hotel thereon, the
said sums to be paid IN such lnstallments anu
at such times as they may be called in by
said directors.
/. Provided that the sum of $4,000 shall be
fully subscribed hereto on or before the Ist
day of March next.
, And provided also that the said ncOrpO-
ration shall be forthwith created before or
upon the completion OF the said subscription.
?. And provided also that in the election OF
said Board OF Directors each stakeholder shall
have one vote for each 500 subscribed by him.
+. And provided also that before the calling
in Of more than 10 per cent. of said subscrip-
tIOns Il contract shall be made by the sad
directors for the lease of said hotel to tenant
for such length Of time and on such terms as
shall be approved by said directors at a rent
not less than per cent. per annum net to the
said Incorporation upon the entire purchase
and construction cost Of said hotel.
;. And provided further that no portion of
said subscriptions shall be called in, and that
no contract other than is herein contained
| shall be made to bind the subscribers until a
charter shall have been obtained in terms Of
| the law.
The Chairman requested the members
/ Of the committee to suggest to him the
names of gentlemen to put on the Com
mittee on Subscriptions at their earliest
| convenience, as it was necessary to begin
/ work at once.
The meeting then adjourned.