Savannah morning news. [volume] (Savannah) 1868-1887, 1886-12-16
prtitioms for Incorporation.

CTATE OF GEORGIA, CHATHAM COUNTY.
~ TO the superior Court OF said county !:
the petition OF william Il Stlllwell, John X.
Garrett, Il. A. We'll, Is. A. Denmark, NAL
colin Maclean, Jacob A. Einstein John X {.
Young, ID. G. Bacon, Joseph ferst, M. Y. Mac
lntyre, Samuel Is. Adams. Henry Bendheim,
Hugh M. Hutton. Norton Frierson, A. q.
,uerard, A. =. Solomon, ID. I. MacIntyre, III
&. Davis, J. q. Hayward. Robert NJ. Butler.
w. w. Fraser. John Y. LaFar, WI Lindsay
and william l.. GIgniliat respectfully shows
that they, their associa es and succe -sors de-
sire 10 be Incorporated under the name OF the
METROPOLITAN SAVINGS AND LOAN
COMPANY.
Your petitioners further show that the OBJ
ject OF their association and the particular
business which they propose TO carry on Ii
that OF savings and loan institution, that 10
to say their purpose Is to accumulate fund
from the payments made by its members on
the stock subscribed for y them and TO loan
and advance said fund, with the profits
thereof. and such other moneys as said COM
pany may obtain, TO it's member and otht re
In the usual wav. or on the installment plan
and such other plans as may be fixed by tho
constitution and by lave OF SAID corporation,
or to invest the same in real and personal
property which may be held, used, improved
rented, leased and sold by said corporation,
and to do all other acts and things customary
in or incident 10 the business Aforesaid.
Your petitioners further show that the
tually paid In will I've one hundred thousand
Zoo 000) dollars, with the privilege OF increas-
tugthc same, from time 10 Time, 10 anY sum
not exceeding d We hundred thousand 0,0O0l
dollars. The par value OF each share OF such
capital stock to be one hundred 400 dollars,
which may be paid at once or in monthly in
stallments OF five % dollars each until such
monthly payments with the dividends accru-
ing thereon shall reach the said sum OF one
hundred dollars.
Your petitioners further show that the
principal Office aud place or doing business OF
said corporation will be In the city OF Savan-
nah. IN said county and State, and that they
desire to be incorporated as aforesaid for the
term of twenty (20l years, with the pr vilege
Of renewal a. the end OF that time and with full
power, In said corporate name. TO buy, receive.
have, own aud lease property, real and per-
sonal, and the same to control, improve, sell,
lease, mortgage or pledge; to take deeds.
mortgages or pledges OF real and personal
property as security for debt, and the same TO
transfer, assign. cancel or foreclose; 10 sue
and be sued; to frame and adopt constitu-
tionand by-laws and amend the same; 20 have
and To use a common seal, and to enjoy aud
exercise all other rights and priv leg usually
possessed or exercised by such corporations.
Wherefore your petitioners pray that they,
their associates and Successors be incOrpo-
rated for the object and purposes above stated.
under the name and for the term aforesa d,
with the capital, rights, powers and prlvi-
leges aforesaid. and with all other rights.
powers and privileges incident to corpora
Tons or conferred upon them by the laws OF
this state. DENMARK a ADAMS,
Attorneys for Petitioners.
Petition filed in ONCE and recorded this
JAMES X. p. CARR,
Deputy Clerk 5. G. &. G.