Savannah morning news. [volume] (Savannah) 1868-1887, 1884-01-15
Petitions.
Petition fOrIncOrnOratiOn

GTATE OF GEORGIA, CHATHAM COUNTY
said county:
The petition of W. q. Raoul. w. w. Gordon.
II. b. Plant. w. 5. Chisholm, Eugene Kelly,
Henry X. jackson, Il. A. We'll. A. Minis, A.
X. Lawton, w. ii. Gibbons, John Flannery,
;. Ggckenhelmer,. J. II. Estill, j. b. West J.
ID. Weed. George l.. Cope Jacob Rauers 5. p
Hamilton. A. Hanley, A. L. Hartridge, II. NJ.
Conner, +. G. Richardson, j. McDonough. 7.
7. Bond Henry Blum, II. Myers, G. c. Italia
ferro, John L; Hammond, c: NJ. Gill
bert, q. J. Mills. L. J. Guilmartin, j. NJ. Cue
rard.M. Ferst, 7. +. johnson, II. $. Haines. r.
y. Reppard, y. NetsbUrg 5. w. Branch ID. c.
Bacon, T. N. Hull, j. L. Warren, J. A. Elm
stein. X. NJ. Demere, W. NJ. Davidson. Lee
Roy Myers, 5. &. Haynes John Lyons, d. r.
Thomas, b. Ii. Richardson, III. Fraser Grant,
J. b. DuckwQrth, Rufus e. Lester, VIII
liam swoil, J: p. shotter, B; II. Levy,
Solomons, l.. hayton, William Hunter, Ed
ward Lowell, n M. Green, A. Letter,
} H H. M, NJ. G5jlinch, J. P. Williams,
Nisbet, J. r. F. Tattnall, NJ. Hamilton, c. \.
West, q. A. Mercer, w. Rogers, j. II. john
ston and d. G. Purse. John Schwarz,
John NlcolsOn, respectfully represent that
they have associated Themselves together
under the name of THE HOTEL CONSTRUC-
ZION COMPANY, of Savannah, for the pur-
pose OF acquiring by purchase or lease
sufficient land in the city of Savannah for the
erection of hotel and appurtenances there
on, OF constructing, equipping and furnishing
the said hotel and appurtenances, and of SELL
ing. leasing or managing the same. And your
petitioners show that the advancement of the
above named objects, and distribution of reve-
nue. arising from said hotel and appurtenances,
will be the business that your petitioners pro-
pose to carry on. and that for said objects the
said business will include the issuance of capt.
tai stock, the execution of bonds, secured by
mortgages upon the property of said company,
contracts for building, contracts for trans
pOrtatIon OF materials and all other contracts
whereby money may be raised or employed
for the accomplishment of said objects.
And your petitioners show that the amount
OF capital to be employed by them. actually
paid in, shall be three hundred and fifty thou
sand dollars.
And should SAID amount of capital be found
inadequate to carry out and complete the
legitimate purposes of said incorporation,
your petitioners hereby claim the privilege at
any time of having this charter so amended,
in accordance with the statute. as to enable
them to increase said capital stock to
any amount exceeding said three hundred
and fifty thousand dollars, and not exceeding
the sum Olive hundred thousand dollars.
And your petitioners propose to divide the
said capital into shares of stock and to issue
three thousand five hundred shares of the par
value of one hundred dollars each; that their
place of doing business viii be in Savannah,
in said county and State, and that they desire
to be incorporated for the term of twenty
years, with the privilege of renewal at the
expiration of that time.
And your petitioners desire that the affairs
Board of thirteen Directors, who shall elect a
President of said incorporation from their
number, and who shall hold Office as such Di-
rectOrs for the term of one year from the time
of the election Of the board; but that the said
corporation shall not be deemed to have for
feited this charter by reason Of a failure at
any time to elect a new Board of Directors.
the said Board of Directors previously elected
being hereby declared to hold their offices I'M
til their successors are elected and qualified.
And it is further provided that the said cleo
o.
shalttake place within twenty days from the
time that the whole of said stock or capital
shall be taken up by subscriptions thereto.
and that said election shall take place at a
meeting to be called for that purpose by a
majority of the incOrporatOrs herein named.
and that at said election each shareholder
shall be entitled to one vote, to be cast in per-
son or by proxy. for each share of stock sub
scrIbed for by him.
And it is further provided that the said
shares in the capital stock aforesaid of the
said incorporation shall be deemed and held
personal property, and shall be transferable
only on the books of the said company. And
that if the owner of any share neglect or re-
fuse to pay any installment assessed therein
for the space of thirty days after the time APP
pointed for the payment thereof, the Treas
urer or other officer of the company NAV, by
order of the Board Of Directors, sell at public
auction a sufficient number of any shares
held by such defaUlter to pay all nstallments
then due by him, together with all necessary
and incidental charges, after ten days per-
Soutl nOllCc TO Jic Sdlu UCfduiJ6H. or MS legal
representative, of the time and place of such
sale, and of the sum due on each share; or by
advertisement thereof once a week for four
successive weeks previous to such sale in one
of the daily papers published in the city of
Savannah should the said defaulter be out
of the said county of Chatham and the bill of
sale Of the shares so sold shall be made by the
said officer of the company, and the purchaser
thereof shall thereupOn be entitled to have
the same transferred to him upon the books
of the company, and shall thenceforth be liza
bic for all future installments upon the stock
so purchased.
And your petitioners desire to provide fur
ther that the Directors Of said company shall
submit to the stockholders annually written
statement, under oath or affirmation of the
Treasurer of the company, setting forth the
amount Of the capital stock paid in, and of
the general assets Of the company, and also
the amount of all existing debts and liabilities
of the company.
And your petitioners desire to have all the
usual powers incident to corporations, con-
sistent with the object of their assOci alton; to
have the right to sue and be sued, to have and
use common seal, to make bylaws to elect
and have such other officers as may be desra-
bic for the execution of their design, and to
do all such acts as are necessary for the legitl-
mate execution of their purpose.
And your petitioners therefore pray that
they may be constituted a body corporate un-
der the name aforesaid, for the term Of yeasr
aforesaid.
GEO. A. MERCER,
JOHN NJ. GUERARD,
CHAS. n. WEST,
Petitioners ATTORNEYS.
Filed in Office and recorded this the 18th dav
of December, 1888
BARNARD f. BEE,
Clerk 5. c., G. G.