The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-18

GTATE OF GEORGIA, CHATHAM COUNTY
- To the honorable Superior Court Of said
county, The petition OF X. d. GUERARD. @. b.
MACLEAN, r. J. DAV NJ, b. H. LEVY, II. s.
NELi. w. b. STILLWELL. H. F. TRAIN,
LISTER HUBBELL, q. =. WHATLEY, VIM.
RD6ERS, GtO. w. TIEDEMAN. ALBERT
Wy LY, Ii. Il. GRAHAM, w. II. SHELLMAN.
]. F. TIETJEN, JOHN j. CAROLAE, w. d.
hRENSON. r. N. SEIIG ROBT 7. BURDELL
AMI w n. FALCONER of the State of Georgia,
city OF Savannah, shows that they desire for
themselves and such other per obs as may
hereafter become associated with them, and
their success .ors, corporate privileges under the
name and style of THE GEORGIA STATE
BUILDING AND LOAN ASSOCIATION OF
SAVANNAH to be made and constituted a
body corporate. The object of said association
or corporation is the pecuniary profit and con-
venieuce OF the members and the business they
propose to C nduct is that of building and loan
ASSOCIATION, the accumulation OF fund which
shall be paid in ,uonthly installments by the
stockholders lending the same on real estate,
personal property or other security to the mem-
beers of said association or other persons, taking
deeds, mortgages, executions or other liens
therefor; TO sell or dispose of all such securities
or any part thereof; to issue certificates of
stock to its members; to make, sue and sell
bonds or Other obligations, based on security OF
property held by the association; to buy, sell,
own and deal in any real and personal estate; 10
improve cal estate by erecting dwe llings build
ings of any kind whatsoever or placing ma
chinery or any other appliance that will tend to
increase the value OF the same; to sell the same
upon such terms as will be to the best interest
OF the association, and to do such other things
as may be necessary ana lawful in the prosecu-
ton of said blginess. The principal office and
iesidence of said association shall be in Savan-
nah, Chatham county, Georgia, where ma
jority OF the Board of Directors shall reside;
but petitioners desire the privilege Of transact
ing business anywhere within the State of
Georgia, or in any other state if it is to their
interest to do so. They desire to establish
branch Offices wherever they think proper, ap-
point local boards, attorneys, agents and repre-
sentativeS as occasion and business may require
to carry on the business Of said association,
and TO confer authority upon them for that pur-
pose The capital of said association shall be
five hundred 900 shares of the par value Of
one hundred dollars (S1C0J per share, but petit
TONERS pray the privilege Of Increasing said
capital stock TO fifty thousand 10000 shares.
Petitioners pray for tne privilege of making such
bylaws, rules and regulations for the govern
ment OF said corporation, and TO enforce the
same by such fines, forfsitures and penal
ties, not in conflict with the laws OF Georgia,
and which may be necessary and proper.
Petitioners further pray that they be allowed
to borrow money on real estate OF personal
property and to execute such mortgages. deeds
and transfers thereof as may be necessary: to
have and use common seal, to sue and be
sued to plead and be implicated, TO contract
and be contracted with and to have snch other
powers and do such other acts and things as are
usual and proper in order to carry out the in-
tention and purpose OF sail association.
Your petitioners pray that they, their asso-
ciates and successors may be Incorporated under
the said name, THE GEORGIA STATE BUILD
ING AND LOAN ASSOCIATION OF SAVAN-
NAH for term Of twenty (20) years. with priv
ilege of renewal at the expiration of said term
And your petitioners will ever pray. etc.
G. b. WHATLEY,
Petitioners Attorney.
Filed in Office this April 18th. 1890.
CLERKS OFFICE,
CHATHAM SUPERIOR CoURT,
The above and foregoing is true and correct
copy OF the original on file in this Office this
April H. 1890.
JAMES X. p. CARR,
Clerk s. C. C. G.