The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-25
PETITIONS ron INSTRUMENTATION.
~ TATE OF GEORGIA, CHATHAM COUNTY. To
- the Superior Court Of said county:

~ TATE Oh GEORNflA, CHATHAM COUNTY. 10
~ the Superior Court Of said county:
The petition Of JOHN X. GARRETT, J. B.
FLOYD, II. W. COWAN, r. z. LOWELL, III. J.
SUrCLIFFE W. NJ BCHAN, JOSEPH A.
LOGAN, J. L. BROOKS AMI EMILE NEW NAN
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 rporate name OF SOUTHERN
LAND AND INVESTMENT COMP ANY.
Second. That the objects OF their association
and the particular business they propose 20
carry on are as follows: To own. buy. SELL lease,
rent, grant, mortgage, lncumber, improve ana
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 be 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, pledge, deed, mort
gage or oher obligation ar lien, with or without
personal security, or to negotiate such loans for
others; To enter into and carry out contracts
aud obligations for the building, constructing,
equipping operating or managing Of roads
tramWayS, Gctories. 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 do
a general warehouse. storage. commission and
forwarding basness, and generally to do all acts
and things necessary and proper in the judg-
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 tSlS000l dollars, and its cap
ltai stock shall be divided into shares of fifty
$3.50 dollars each.
Fourth. The principal place of doing bust
ness Will be in Chatham county, Georgia. but
said corporation Will do business in any or all
or the states and territories OF the said United
States with its principal Office in the city of Sa
vannah, in said Chatham county.
Firth. In addition to all of fhe pOvnrS uaCnc-
sary to the carrying out of those above sci 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, COO
dollars, and 10 decrease said capital stock SINH
larry from time to time ia the discretion Of said
board Of directors, to any sum not less, how
ever, than said first named sum, to-wit:
eighteen thousand (SlS,00W dollars; to receive
in payment Of seid capital stock to be issued.
money, land or personal property, Us may be
determined by its board of directors, and TO
provide, by action of It's board, for stock sub
scrptions TO b. paid in by instalments, as called
for by the board; to make bylaws not ncon-
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 fun to be in no way liable for the
debts of the corporation, nor for any wrongs
committed by il.
Wherefore, petitioners pray, that they and
their associates be Incorporated as aforesaid
for the term of twenty C20) years, with the priv
i!ege of renewal at the end of that time, and
with oil the powers aforesaid.
And the petitioners will ever pray, &c, &c.
GARRARD 81 MELDRIM,
Attorneys for Petitioners.
Filed in office and recorded this 10Th day Of
March, 1890
JAMES X. P. CARR,
Clerk S. @. G. @.