The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-26
PETITIONS ron INCoRPoRATIoN

CTATE OF GEORGIA, CHATHAM COUNTY. To
- the Superior Court of said county: The
petition of VIM. PRITCHETT, JOHN G. POW
ELL, W. G. POWELL, w. w BEACH, ALEX
AMBER SESSIONS, b, Il. BULLARD, w B.
RICE, GEORGE w. DEEM and j. WARREN
CARTER of the State of Georgia respectfully
shows:
First, That they desire for themselves, and
such other persons as may hereafter be asso-
ciated with them, to be Incorporated under the
corporate name and style Of
SAVANNAH NAVAL STORES COMPANY
Second. That the objects OF their association,
and the particular business they propose TO
carry on, are as follows:
a. To farm, handle, manufacture, buy, sell,
export, import and generally deal in. rosin, tur-
pentine, naval stores, grease, tar, pitch. min
eral, ANIMAL and vegetable oils, and other
articles appurtenant to said business timber,
lumber, barrels, slaves, headings casks and all
other articles in that line; all kinds Of CONNER
cial fertilizers, fertilizer materials and chemi-
Gals, and all articles used 10 the handling and
manufacture thereof, and all articles of per
sonal property, whatsoever, and TO compound
and refine oils.
(2) To own buy, SELL lease, rent, improve and
otherwise hold, use, and enjoy, on their own
account, or for the account of Others on COM
mission or brokerage real aud personal prop.
erty OF every description.
(3.) To maintain. conduct and operate stores
and commissaries, turpontine stills, saw-mills,
turpentine farms and factories Of any kind,
and TO carry on business In general merchAn-
dise-wholesale, jobbingi commission or retail
in the buying, selling and handling OF groceries,
provisions, tobaccos, or other articles. products
or commodities of whatsoever character or de
scription, in the state of Georgia or elsewhere.
a. To do general warehouse, storage, fac
forage and forwarding business; t. receive
goods and other property on storage, and to
advance upon articles held stored sums OF
money; to lend money OH notes, bills, bonds,
deeds, mortgages, collateral security, or other
chooses in action, with or without real or per-
sonal security, or to negotiate such loans for
Others upon such terms as may be agreed upon.
o. To own, subscribe for, purchase receive,
hold, sell or dispose OF the stock, shares, secu-
rites or obligations of other corporations, now
or hereafter to be formed under the laws OF
Georgia, or of the United States of America, or
of any state or territory therein.
o. To plant, farm and cultivate lands aud
deal in any and all sorts of farm products.
~ To purchase. originate. patent, register,
own, manage aud dispose OF trade marks,
patents and copyrights and TO sell and assign
the same or any part thereof, or to sell, or
dispose of any articles or products covered by
the same, or any rights growing out of the
same.
49, To operate, manage. control, hire charter.
lease and deal in steam or sailing vessels,
lighters, dredges, engines, cars and other vehi-
Giles used in the transportation of the articles or
products manufactured or owned by said com
pany; railroads and tramways for the trans
portation of the articles or products OF said
company, by animal power, steam, electricity
or other power and canals for the purposes OF
transportation or drainage; said CORPORATION,
however, not TO use said tramways, canals, rail-
roads or vessels, for the purpose OF doing the
business OF a common carrier.
90 To own. use, hire. lease maintain, run and
operate, docks. elevators presses, machinery
OF all kinds, and whaFves, and to receive tolls
rates and profits therefrom.
uO) And henerally, TO do and perform all
acts and things which may be necessary and
proper for the furtherance and maintenance Of
its said business, in all Of its said branches
above set out.
Third, The principal Office and place for the
transaction Of the business Of said company will
be in Chatham county, Georgia, but said cor
poration will do l1sness in the state of Georgia,
or elsewhere in Che United States Of America.
Fourth, The amount of capital to be en-
pIoyed by said company, to be actually paid In,
will be the sum of ONE HUNDREDT THOUSAND
(S100, 900 DOLLARS. and said capital stock will
be divided into shares of ONE THOUSAND
$1,000 DOLLARS each, said capital stock to
be paid in as called tor by the Board of
Directors.
Fifth, In addition to the powers necessary
for the carrying out of the purposes above set
forth, petitioners ask that said company shall
be empowered as follows: To issue preferred
and common stock: to increase said capital stock
from time TO time In the discretion OF the
amount not to exceed in all the sum of ONE
MILLION (Sl.0OO,00O DOLLARS, TO
be be ,, divided INTO ooo, shares Of ONE
as aforesaid, and TO decrease said capital stock
from time to time similarly not below the sum
of one hundred thousand t$100,000 dollars; to
sell, mortgage, hire, pledge, sub-let or convey
the property OF said corporation, or any part
thereof, at will, and to reinyest at pleasure; to
have agencies and employ aud appoint agents
at such plac iu the state OF Georgia or else
where, as may be requisite or nece ssary for the
carrying on of said business and furthering tho
ends of said corporation, the discretion of It's
board of directors; to borrow money, and 20
secure the same by collaterals, personal secu
rity. mortgage, deed, or otherwise, and to issue
notes. debentures, bonds or 9th r obligations
therefor; TO make contracts OF any kind what
soever for the furtherance of its business, in
GLIDING contracts or agreements OF copartner-
ship between said corporation and any other
corporation or individual in any Of the lines OF
business of said corporation; TO make bylaws
not inconsistent with the laws OF the land, and
generally to have, enjoy and exercise the cor
porate powers and privileges incident to corpo-
rations under the laws Of Georgia.
Stockholders who have paid their stock SUBJ
scriptions in full TO be nowise liable for the
debts Of said corporation, nor for any wrongs
committed byit.
Wherefore, Petitioners pray that they and
their associates may be Incorporated for the
purpose aforesaid, under said corporate name,
for the term of twenty (20) years, with privilege
of renewal at the expiration Of said time, and
with all the powers Aforesaid.
And your petitioners will ever pray, etc.
GARRARD & MELDRIM.
Attorneys for Petitioners.