The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-08
PETITIONS FOR INCORPORATED y

CTATE OF GEORGIA, CHATHAM COUNTY. To
- the Superior Court OF said county:
The petition Of JOHN X. GARNETT, j. b.
FLOYD, III. w. COWAN, R. z. LOWELL. H. J.
SUTCLIFFE. W. NJ: BoHAN. JOSEPH A.
LOGAN. j. f. BROOKS an EMILE NEWMAN
Of said state and county respectfully shows:
First. That they desire to form themselves
and such other persons as they may associate
hereafter with them into private corporation
under the corporate name OF SOUTHERN
LAND AND INVESTMENT COMPANY.
Second. That the objects of their association
and the particular Business they propose 10
carry on are as follo~s: To own. buy, sell, lease
rent, grant. mortgage.rlncumber, improve and
otherwise hold and deal in real estate and per
sonal property; TO own, subscribe for, purchase,
receive, hold or dispose OF the stock securities
shares and obligations of other corporations,
now or hereafter TO he formed, under the laws
of Georgia, or of any state or territory in the
United STATES of America; to lend or borrow
money on note, bill, bond. pe1ge, deed, mort
gage or other obligation or lien. with or without
personal security, or to negotiate such loans for
others; to enter into and carry ont contracts
and obligations for the building, constructing,
equipping, operating or managing of roads,
tramways, factories warehouses; bridges and
buildings of all kinds, and all other public or
private work; to manufacture, sell and deal in
any and all articles of personal property; TO d }
general warehouse, storage commission and
forwarding basness. and generally to do all acts
aud things necessary and proper in The judy.
ment of its board of directors for the further
ance and maintenance of the business of said
corporation.
Third The amount of capital to be employed
by them, actually paid in, will be the sum of
eighteen thousand 1913. COO dollars, and its cap
iLal stock shall be divided into shares of fifty
$500 dollars each.
Fourth. The principal place of doing bust
ness will be III Chatham county, Georgia. but
said corporation will do business in any or all
of the states and territories of the said United
States with its principal office in the city OF Sa-
vannah, i'll said Chatham county.
Fifth. In addition to all of the powers neces-
Sary to the carrying out of those above set out
and mentioned, and to the powers common to
all corporations under the laws Of this state,
petitioners desire the following special powers:
TO increase the said capital stock from time to
time, through its board of directors, in the
Judgment of said board to any sum not exceed
ing the sum of five hundred thousand $500, 900
dollars aud to decrease said capital stock sim.
larry from time to time. in the discretion of said
board of directors, to any sum not less, how
ever, than said first named sum, to-wit:
eighteen thousand $4,000 dollars to receive
in payment of said capital stock to be issued.
money, land or personal property as may be
determined by its board of directors, and to
provide, by action of its board. for stock sub
Scriptions TO be paid in by instruments, as called
for by the board to make bylaws not incon-
sistent with the laws of the land; and generally
to have, enjoy and exercise the corporate pow
ers and privileges incident to corporations under
the laws of this state.
Stockholders who have paid their stock sub
scriptions in full to be i'll no way liable for the
debts of the corporation, nor for any wrongs
committed by it,
Wherefore, petitioners pray, that they and
their associates be incorporated as aforesaid
for the term of twenty (20l years. with the priv
iege of renewal at the end of that time, and
with all the powers aforesaid.
And the petitioners viii ever pray, Sc, &c.
GARRARD & MELDRIM,
Attorneys for Petitioners.
Filed in office and recorded this 10Th day of
March, 1890.
JAMES X p. CARR,
Clerk S. c. C. C.