Savannah morning news. [volume] (Savannah) 1868-1887, 1886-12-09
prttiinno for incorporation.

NTATE OF GEORGIA, CHATHAM COUNTY.
~ TO the Superior Court of said county:
Inc petition of William St'llweli, John X.
Garnett, r. A. We'll, h. A. Denmark, Nal
Young, ID. c. Bacon, Joseph Ferst, NJ. Y. Mac
lntyre, Samuel B. Adams. Henry Bondheim,
Hugh Nj. Hutton, Norton Frlerson. A. q.
Guerard, A. 7. solomon, ID. /. MaoIntyre, IL
c. Davis, j. q. Hayward Robert NJ. Butler,
w. w. Fraser, john r. LaFar, w. J Lindsay
and William L. GIgnilliat 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 is
that of a savings and loan institution, that is
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, ana such other moneys as said conf
pany may oht un, TO its member and others
IN the usual way. or on the instalmeDt plan
and such other plans as may be fixed by the
constitution and bylaws of SAID corporation,
or to invest the same in real and personal
property which may he held, used. improved,
rented, leased and sold by said corporation,
and TO do all other acts and things customary
in or incident to the business aforesaid.
\ our petitioners further show that the
amount of capital to be employed by them
a 'tualy paid in will lie one hundred thousand
(l00, 010) dollars, with the privilege OF mcreas-
log the same, from time TO time, To any sum
not exceeding five hundred thousand (500, 000l
dollars. The par value OF each share of such
capital stock TO be one hundred 900 dollars,
which may be paid at once or in monthly in
stallments OF five (h) dollars each until such
monthly payments W tn the dividends accru-
ing thereon shall reach the said sum OF one
hundred dollars.
Your petitioners further show that tho
principal Office and place or doing Oupluess Of
said corporation will he 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 (20) yeafs, with the pr vilege
OF renewal at the end OF that time aud with full
power, in said corporate name, to buy, receive.
nave, own and 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; to sue
and be sued; TO frame and adopt a cOnstitu-
tionand bylaws and amend the same; TO have
and to use a common seal. and to enjoy and
exercise all other rights and priv legt usually
possessed or exercised by such corporations.
Wherefore your petitioners pray that they,
their associates and successors he incorpo-
rated for the object and purposes above sta ted.
under the name and for the term afore'ad,
with the capital, rights, powers and prlvi-
leges aforesaid, and with all other rights.
powers and privileges incident to corpora
toms or conferred upon them by The laws Of
this state. DENMARK Il ADAMS,
Attorneys for Petitioners.
Petition fled in office and recorded this
December LIST, 1886.
JAMES K. p. CARR,
Deputy Clerk S. G. &. G.