The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-06-10
PETITIONS FOR INCORPORATION
THE ATLANTIC CLUB CHARTER.

THE ATLANTIC CLUB CHARTER.
GTATE OF GEORGIA, CHATHAM COUNTY,.
~ To the Superior Court OF said county: Ths
petition of r 4. PEPPER, Ii. A. OBYRNE and
W. J. HARTY. JR all Of said county and state,
in behalf OF themselves and their associates, re,
specially shows that they desire TO form them.
selves into O corporation under the following
provisions: ARTICLE L-SEc. !. The corporate
name and title OF the association shall be '.THH
ATLANTIC CLUB" 1t shall exist from date
for o period of twenty (20) years, with the
time, and it shall be located in said county
SEC. 2 The purposes of this club are to provide
and maintain suitable premises for the social
gathering Of its members on Tybee Island. OF
elsewhere In said county, with such facilities fol
social enjoyment as are usual to clubs formed
for like purposes SEC g. The officers of this
club shall DO a president, vice president and
secretary and treasurer, and four 10 governors,
who shall constitute board of seven ca gov
errors, all OF whom shall be elected annually by
ballot on the third Tuesday of May, aud shall
hold Office until their SUCCESSORS are elected. AR
TICIE II.-SBc, 1 The capital stock of this club
actually paid in, shall DO SEVEN THOUSAND
FIVE HUNDRED (S7, 500 DOLLARS, with the
privilege to increase the same to FIFTY TH0US
AND (S50,000) DOLLARS divided into shares Of
TWO HUNDRED AND FIFTY (S250) DOLLARS
each. All certificates Of stock shall be signed
by the president and countersgned by the seq
rotary and treasurer, and transferable only ON
the books Of the club. SEC. 2. Every member
Of the club must be holder, In his own name,
OF at least one u) share Of the capital stock OF
Members can always sell their stock, but the
same shall not be transferable on the books Of
the club until all indebtedness Of the members
to'the club shall have been paid. SEC. O. The
ownership OF stock of the club shall not confer
membership upon the holder nor shall any
member Of the club, no matter how many
shares of stock he holds be entitled to more
than ono ID vote at any meeting OF the stock.
holders. Members shall be allowed TO vote by
proxy, except on questions of expulsion o
dsmission Of members. SEC. 4. The stock
holders OF this club shall not be liable
for It's debts beyond the amount OF their unpaid
subscription. ARTICLE uI.-SEC. 1. This cluh
shall have power to make any and all bylaws
with reference to the government OF same the
qualification and dismisslon OF members and
the rights attaching TO membership the desig.
nation and duties of officers the care OF les
property, and generally the means TO best carry
out its purposes. SEC. 2 This association
shall have the right to use common seal, and
shall be empowered TO receive donationa by
gift or otherwise of real or personal property,
and to purchase. hold, mortgage, or convey
such real and personal property as may DO
necessary for Its purposes, or the Investment
of such funds as IL may acquire. and generally
to perform all acts necessary 20 the carrying
out of It's object. Wherefore. your petitioners
pray that an order be granted incorporating
them and their associates and successors under
the name and with the powers and privileges
above mentioned.
o'CoNNOR & O'BYRNE,
Attorneys for Petitioners.