The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-25
PETITIONS FOR 1scoRpoRArros

-~--~-~>--~.-------~---~ ~~-~---~-~I---~~
CTATE OF GEORGIA, CHATHAM CorSrY.-
county: The petition OF r. d. GUERARD, C. s.
ELLIS, JOHN c. ROWLAND. MALCOLM
MACLEAN, r. J. DAVANT, B. II. LEVY. R. s.
NELL. w. B. STILLWELL, H. r. TRAIN
LESTER HUBBELL. g. B. wHATLEY. VIM
ROGERS, GEO. w. TIEDEMAN, ALBERT
WYLLY, II. F. GRAHAM, W. F. SHELLMAN
J. +. TIETJEN, JOHN J; CARoLAN, w. D.
kREMSoN, II, N. sELIG, ROBT I. BURDELL
and WIN. FALCONER Of the State of Georgia.
city OF Savannah, shows that they desire for
themselves and such other persons IS may
their successors, 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
venience Of the members, and the business they
propose 70 conduct is that Of building and loan
ASSOCIATION, the accumulation of O fund which
snail be paid in monthly 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
ueeus. 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
ponds or other obligations, based on security of
property held by the association; to buy, sell,
own ana deal in any real and personal estate; 20
improve real estate by erecting dwellings build
ings OF any kind whatsoever, or placing ma
Sulhctl Ut any OLuer appliance tnAb Will tehu 10
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 Savan-
nah, Chatham county Georgia, where a ma
1ority 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 IL is to their
interest TO do so. They desire to establish
branch offices wherever theythink proper. APP
point local boards, attorneys. agents aud 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 $500 shares of the par value of
one hundred dollars (S100l per share but petit
TONERS pray the privilege of increasing said
capital stock to fifty thousand $4,000 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
20 borrow money on real estate or personal
property, and to execute such mortgages. deeds
and transfers thereof as may be necessary; 10
have and use a common seal. to sue and be
sued, to plead and be implicated, to contract
and be contracted with and to have such other
powers and do such other acts aud 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 (2O) years, with priv
iege 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 nth, 1890.
CLERK OFFICE, .4.
CuATuAM Oo..Dr
The above and foregoing is true and correct
copy of the original on file in this foflice this
April II, 1890. h9en
JAMES X. z. CARR
Clerk S. @. G.. O.