The South western news. (Dawson, GA.) 188?-1889, 1889-01-02

GEORGIA TERRELL County:
To the Superior Court of said
County: The petition of J K uer
Ger, B b Perry, w G Dillon. O B
Stevens, W K Baldwin and Il l.
Melton, Associates. respectfully
shows that they desire 10 and he
associated together and to farm
body cDrpnra'e under the name o.
the Southwestern Gcorgia Security
Company, with power to sue and
be sued, plead and be mrlaa1rd,
have n corpor tie seal, TO m"ke, nj
ter and amend by laws Fer the gov
eminent Of said corporation, and 20
do VIII; teVer may lie necessary and
proper TO carry on the business
herein after designated and 81
forth. Their object aud purpose in
thus having corpor te existence is
to carry OF the business o sccnrin2
and obtaining loans on real estate
and advances of MONEY on READ
estate security. by tasin> notes aud
deeds, or mortgages to real estate
to secure the sane. aud sHch other
security az they nay wish or Oh
tam; euch notes and mortgages to
be made payable to said Company.
and by it assigned With or without
guaranty Gas may be agreed on 1T
the tlnie) to such persons IS they
may procure To purchase the same {;
or The said notes and mont ages
may be made payable to the persons
advancing or loaning n-oury there
on, the entire r,cJed> 40 loaned. ad.
van"ed or procured to be paid to
the borrower except such co,n'-is
iors rs said Company may ch.rge
tor its services in the trnsnctio,,
or Ill obtuiI ing such loan, as NAV
be agreed on hy ard between it and
the borrower; ard the properly
that may lie conveyed to said Com
pany TO secure said notes to he re-
conveyed TO the lender, his tci,s
or his assigns. The said onnanv
to be authorized and allowed +, r..
deem said notes, if assigned by il
with guaranty, and tie interest
thereon, il not paid at ma, uritv,
and to enforce the collection o the
same out OF the property 50 cor
veyed or morlgaged to secure tie
same, or otherwise in the manner
prescribed by law, or in such man
ner as nlay be agreed on between
the parties In order TO tic ON
powered to carry out the objects c
their association, and incoypora>
ton, your petitioners desire ard
pray that said Company may have
power to receive and take convey,
ances or mortgages OF real estate or
Tersonal estate. aud to receive.
hold, sell, mortgage, convey or
lease property of I'll 'nds, both real
and personal, and to invcS, such
moneys as they may have paid in,
or such surplus lis they may have
or receive, as trey shall see proper,
and in such property or securities
as they my drsire. Your petition
ers further show that they will have
their principal office tor the nals-
action OF their business in Dawson.
Terrell County, Georgia, hut they
ask Ia be authorized I" carry on
their business anywhere in Georgia
or elsewhere. r'hcir' apital Stock
will he Twenty-Five Yhousand Dol.
lars, to be divided into shares Of
One Hundred Dol ars each: aud
they ,sk to lie allowed TO increase
s",d cap IT, 5 nck at any time
her attcr to v nm unttCtsv". .,i
Ing observation-disclosures
our petitioners further show that
y }. tc".U ,acs Capital Stock
Will be paid in before thet cIln-
mence business, and the rcmaiuinL
portion to be paid in as needed and
at such times and in such sums as
may he required by tie Board o!
Directors II carving on the bust,
ness OF SAID ompany. The Stoke
holders said ompany shall not
he personally Liable or any debt or
demand against said Company or
Tor torts ty it except to the extent
OF stock Subscribed or and imp id
by such Stockhoid Is.
lour let titners therefore pray
that they may have power and au-
thorlty 10 carry on their business
tor TIVE ty years With the privilege
ct rene al at the end Of that time:
Wn' tha they may be made a body
corporate ana polite III manner nj
Tor the purposes aforesaid. And
they will ever pray.
hoYL d PARKS,
Petitioners Attorneys.