The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-16
PETITIONS FOR INCORPORATION


STATE OF GEORGIA, CHATHAM COUNTY,.
- To the honorable Superior Court of said
county; The petition Of R: D. GUERARD. @. s..
ELLIS JOHN c ROWLAND, MALCOLM
NELL. w. b. STILLwEI.L,. II. f. TRAIN,
LESTER HUBBELL, g. b. WHATLEY. wM,.
RoGERs, GEO; W. TIEDEMAN, ALBERr
WYLLY, II. r. GRAHAM, w. f. SHELLMAN.
J. f. TIETJEN, JOHN j. CARoLAN, w. ID.
kRENSON, II. NJ. SEIIICt, ROBT. T. BURDEIIa
and WIN; FALCoNER of the State of Georgia,
city or savannah, shows that they desire foF
themselves and such other persons as may
hereafter become associated with them, and
their successors, corporate privileges under the
BUILDING AND LOAN ASSOCIATION OF
SAVANNAH, TO be made and constituted a
body corporate. The object of said associations
or corporation is the pecuniary profit and CON-
venience of the members, and the business they
propose to conduct Is that of building and loan
ASSOCIATION, the accumulation of fund which
shaii be paid in monthly installments by tho
stockholders, lending tho same real estate,
personal property or other security to the meme
bers 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, issue and sell
bonds or other obligations, based on security ot
property held by the association; TO buy, sell.
own and deal in any real and personal estate; 20
improve real estate by erecting dwellings, build
ings OF any kind whatsoever, or placing mas
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
or the association, and TO do such other things
as may be necessary and lawful in the prosecu-
ton OF said business. The principal office and
residence of said association shall be In Sayan-
nah, Chatham county, Georgia, where a ma
lority OF the Board OF Directors shall reside;
but petitioners desire the privilege of transact
ing business anywhere within the State OF
Georgia, or i'll any other state IL IL 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 es occasion and business may require
to carry on the business Of said association,
ana TO confer authority upon them for that pur-
pose. The capital of said association shall be-
five hundred $500 shares of the par value Of
one hundred dollars $500 per share, but petit
TONERS pray the privilege Of increasing said
capital stock to fifty thousand (5000W shares.
Petitioners pray for the privilege Of making such
bylaws, rules and regulations for the govern.
ment OF said corporation, and to enforce the
same by such fines, forfeitures 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 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 ara
usual and proper in order to carry out the in-
tention and purpose OF said association.
Your petitioners pray that they their asses
ciates and successors may be incorporated under
the said name, THE GEORGIA STATE BUILD
ING AND LOAN ASSOCIATION OF SAVAN.
NAH for a term Of twenty COZ years. with priv.
ilege of renewal at the expiration OF said term.
And your petitioners will ever pray, etc.
q. b. WHATLEY,
Petitioners Attorney.
Filed In Office this April 18th. 1890.
CLERKS OFFICE,
CHATHAM SUPERIOR CouRT,
The above and foregoing is q true and correct
copy of the original on file in this Office this
April II, 1890.
JAMES X. p. CARR,
Clerk s. G. c. G.