The South western news. (Dawson, GA.) 188?-1889, 1889-01-09

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 and
he sued, plead and be implicated,
have corpor tie seal. to make, al =
ter and ameDd by laws for the gov
eminent of said corporation, and TO
do Whatever may he necessary and
proper to carry on the business
herein after designated and set
forth. Their object and purpose in
thus having corporate existence is
to carry on the business OF securing
and obtaining loans on real estate
and advances of money on real
estate security. by takins notes and
deeds, or mortgages to real estate
TO secure the same, and such other
security as they may wish or OBJ
tain; such notes and mortgages to
he made payable to said Company,
and 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 mortgages
may be made payable to the persons
advancing or Ioaning money there's
on, the entire rro ceeds so loaned. adj
vanced or procured to be paid to
the borrower except such comi.is-
ions as said Company may ch rye
tor Its services III the transaction
or i'll Obtain ing such loan, as may
be agreed on by and between it and
the borrower; and the property
that may be convened to said Com.
pany to secure said notes to he re,
conveyed to the lender, his hei,s
or his assigns. The said company
to be authorized and allowed to re.
deem said notes, il assigned by it
with guaranty. and the interest
thereon, if not paid at maturity,
and to enforce the collection o. the
same out OF the property 80 corr
veyed or morigaged to secure the
same, or otherwise in the manner
prescribed by law, or in such man.
ner as may lie agreed on between
the parties. In order to he en-
powered to carry out the objects OF
their association, and incorpora>
ton, your petitioners desire and
pray that said Company may have
power to receive and take convey
ances or mortgages OF real estate or
PERSONAL estate. and to receive.
hold, sell, mortgage, convey or
lease property of all 'nds, both real
and personal, and to invest such
moneys as they may have paid in,
or such surplus as they may h8ve
or receive, as trey shall see proper,
and in such property or securities
, as they may desire. Your petition
ers further show that the V will have
their principal Office for the tluns.
action Of their business in Dawson,
Terrell County. Georgia, but they
ask 10 be authorized to carry on
their business anywhere in Georgia
OF elsewhere. Their t'apital Stock
will he Twenty-Five Thousaud Dol.
lars, to I've divided into shares of
One Hundred Dollars each and
they ask to he allowed to increase
sand Cap tai ) ock at any time
hereafter tOa"y amountnCtexceed
Ing NEUTRALITY-SUSPICIOUS..
our petitioners further show that
ten per cent o. their Capital Stock
will be paid in before thew cpm-
mence business, and the remaining
portion to be paid in as needed and
at such times and in such sums as
may he required by the Board of
Directors 1t carrying on the bust.
ness of sand ompany. The Stocks
holders o said ompany shall not
be personally liable or any debt or
demand against said Company or
for torts by 1t except to the extent
OF stock Subscribed tor and unpaid
by such Stockholders.
Your petitioners therefore pray
that they may have power and au-
thorlty to carry on their business
tor twenty years wnh the privilege
OF renewal at the end of that time;
anC that they may he made body
corporate and polite in manner and
Tor the purposes aforesaid. And
they will ever pray.
HoYL & PARKS,
Petitioners Attorneys.
Filed in office and recorded,
this, llth day of recemher, 1888.
J { + Clark,
Clerk SuDerior { ourt