Savannah morning news. [volume] (Savannah) 1868-1887, 1884-01-08
pFtitinne.
Petition for IncOrpOratiOn

GTATE OF GEORGIA, CHATHAM COUNTY.
- To the Honorable the Superior Court of
said county:
The petition OF w G. Raoul, w. w. Gordon,
H. d. Plant, w. S. Chisholm, Eugene Kelly,
Henry r. Jackson, f. A. Well A. Minis, A.
X. LawtOn, w. IL. Gibbons, John Flannerv,
5. GuckenheImer, j. II. Estill, j. B. West, j.
ID. Weed, George l.. Cope, Jacob Rauers, S. p.
Hamilton. A. Hanley, A. L. Hartridge, ii. NJ.
Conner r. 1i9 Z. Richardson ). cDonoqgh, T.
T. Bond,5 Henry Blum, ii. Myers, G. 9. ITALIA
ferro, John l.. Hammond, G. NJ. Gill
bert, q. J. Mills. L. J. Guilmartin, J. NJ. Cue
rard,M. Ferst, 7. F. johnson, II. S. Haines R.
b. Reppard, A. Vetsburg, 5. w. Branch, D. G.
Bacon, f. NJ. Hull, J. l.. Warren, j. A. Elm
stein, II. NJ. Demere, w. NJ. Davidson, Lee
Roy Myers $. &. Haynes, John Lyons, d. r.
Thomas b. IL. Richardson, II. Fraser Grant,
liam Swoll, j. p. Shotter, &. Ii. Levy,
J. X. Garnett, }, X. Clarke, NJ. J.
solomons, L; kaaytoRRf William Hunter, Ed
l. Lester Habbeil, "' e. r r. Woods, ii, John
Nisbet, j. R. +: Tattnall, NJ. Hamilton, G. n.
ston and ID. @. Purse, John Schwarz,
John Nicolson, respectfully represent that
they have associated themselves together
under the name of THE HOTEL CONSTRUC-
T1CN COMPANY, of Savannah, for the pur-
pose of acquiring by purchase or lease
sufficient land in the city of Savannah for the
erection of a hotel and appurtenances there
on, or constructing, equlpplng 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,
viii be the business that your petitioners pro-
pose to carry on, and that for said objects the
said business will include the issuance of capi-
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 of five 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 will 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 d9sre that the affairs
of said incorporation shall be managed by a
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 n 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
ton of the Directors of said incorporation
shall take 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
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
scrlbed 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 instalment 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 may, by |
order of the Board of Directors, sell at public |
auction a sufficient number of any shares |
held by such defaulter to pay all installments |
then due by him, together with all necessary |
and Incidental charges after ten days per- |
sonal notice to the said defaulter, or his 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 |
Their 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 amount of all existing debts and liabilities |
of the company.
And your petitioners desire to have all the |
usual powers incident to corporations, con- |
slstent with the object of their association: 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- |
Bile for the execution of their design, and to |
do all such acts as are necessary for the legtl- |
mate execution of their purpose
And your petitioners therefore pray that |
they may be constituted body corporate un- |
der the name aforesaid, for the term of yeasr !
aforesaid.
GEO. A. MERCER
JOHN NJ. GUERARD.
CHAS. n. WEST,
Petitioners Attorneys.
EIled IN ONCE andrecorded this the 18th day |
of December, 1888.
BARNARD E. BEE,
Clerk S. c., q. c.