The South western news., 1888-12-12
GEORGIA - TERRELL County

GEORGIA - TERRELL COUNTY:
To the Superior Court Of said
County: = The petition Of } K Yer,
Ger, L B Perry, " c Dillon, Q 5
Stevens, w Il Baldwin and K l.
Melton, Associates, respectfully
shows that they desire to and be
associated together and to form a
body corporate under the name o.
the Southwestern Georgia Security
Company, with power to sue ard
be sued, plead and be implicated,
have a corporate seal, to make, al
ter and amend by laws for the gov
ernment Of said corporation, and TO
TO whatever may be necessary and
proper to carry on the business
herein after designated and set
forth Their object and purpose in
thus having corporate existence Id
to carry on the business of securing
and Obtaining loans on real estate
and advances of money sn READ
estate security. by taking notes and
deeds, or mortgages to real estate
10 secure the same, and such other
security as they may wish or oh
tain; such potcs and mortgages to
he made payable to said Company,
snd by it assigned with or without
guaranty Gas may be agreed on at
the time to such persons as they
may procure to purchase the same;
or the said notes and mott ages
may be made payable to the persons
advancing or loaning money there's
on, the entire proc, eds so loaned, adj
vanced or procured to be paid TO
the borrower except such cominis-
ions as said Company may chHrge
for its services in the transaction
or in obtaining such loan, as may
be sgreed on by and between itaDd
the borrower; and the property
that may be conveyed to said Com,
panv to secure said notes to be re,
conveyed to the lender, his HEN,
or his assigns. The said ompany
to be authorized and allowcd to re
deem said notes, ii assigned by i
with guaranty, and the interes
thereon, If not paid at maturity
and to enforce the collection o. tn,
same out of the property SO cor
veyed or mortgaged 10 secure tn
same, or otherwise in the manno
prescribed by law, or in such man
ner as may be agreed on between
the parties. In order to be EN-.
pow cred to carry out the objects 0
their association, and incorpora
ton, your petitioners desire an'
pray that said Company may hav
power 10 receive and take convey
ances or mortgages o! real estate 0
personal estate. and to receive
hold, sell, mortgage, convey 0
lease property OF all kinds, both rea
and personal, and to invest sue
moneys as they may have paid in
or such surplus as they may hay
or receive, as they shall see proper
aud in such property or securitic
IS they may desire. Your petitio
ers further show that the y will hay
their principal office Tor he Trans
action OF their business in Dawson
Terrell County, Georgia, but the
ask TO be authorized to carry o
their business anywhere in Georgi
or elsewhere. ''heir Capital Stoc
will be twenty-five Thousand Do
lara, to be divided into shares c
One Hundred Dollars each an
they ask TO be allowed to increas
SAID Capital Stock at any tim
hereafter to any amountnCtexceeC
ing OneHundredThousa
Your petitioners further show tina
ten per cent OF their Capital StocI
will be paid in before they com
nence business, and the remainin
portion to be paid in as needed an
at such times and in such sums 4
may be required by the Board {
Directors i'll carrying on the bus
ness of SAID Company. The Stock
holders of said Company shall nc
be personally liable for any debt q
demand against said Company q
for torts by it except to the exter
Of stock Subscribed tor and unpai
by such Stockholders.
Your petitioners therefore pro
that they may have power and au
thority to carry on their u,inei
for twenty years with the privia g
OF renewal ut the end vi that tim
and that they may be made a bod
corporate and polite in manner n
for the purposes aforesaid. An
they will ever pray.
How & PARKS,
Petitioners Attorneys