The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-06-03
PETITIONS FOR INCORPORATION
THE ATLANTIC CLUB CHARTER.


CTATE OF GEORGIA. CHATHAM COUNTY
~ To tho Superior Court OF said county: The
petition OF r. E. PEPPER, NJ. A. O'BYRNE and
w; j; HARTY, JR all Of said county and state,
in behalf OF themselves and their assoc ates, re-
specially shows that they desire to form them
selves into corporation under the following
provisions: ARTICLE L--SEc. !. The corporate
name and title OF the association shall be THE
ATLANTIC CLUB" IL shall exist from date
FOR q period OF twenty 800 years, with the
privilege Of renewal at the expiration OF that
time, and it shall be located In said county
SEC. The purposes of this club are to provide
aud maintain suitable premises for the social
gathering OF its members on Tybee Island or
elsewhere Ia said county with such facilities for
social enjoyment as are usual to clubs formed
for like purposes. SEc. 5. The officers OF this
club shall be president, vice president and
secretary and treasurer, Snd four ~ governors,
who shall constitute board of seven ca gov
ernors, all OF whom shall be elected annually by
ballot on the third Tuesday OF May. and shall
hold office until their SUCCESSORS are elected. AR
TIcLE II.-SEC, l. The capital stock Of this club,
actually paid in, shall be SEVEN THOUSAND
FIVE HUNDRED (S7 5000 DOLLARS. with the
privilege to Increase the same TO FIFTY THOUS-
AND $50, Oo0) DOLLARS, divided into shares Of
TWO HUNDRED AND FIFTY 1880 DOLLARS
each. All certificates of stock shall be signed
by the president and counteTsgned by the sec
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 east one Cd share OF the capital stock OF
the club, and must be elected under its bylaws
Members can always sell their stocs, but the
same shall not ba transferable on the books OF
the club until all indebtedness OF the members
to the club shall have been paid. Sec. 5. The
ownership of stock OF the club shall not confer
membership upon the holder, nor shall any
member of this club, no matter how many
shares of stock no holds be entitled to more
than one ~ vote az any meeting Of tho stock
holders. Members shall be allowed TO vote by
proxy, except on quest ions of expulsion
dismission of members. SIC 1. The stock
holders OF this club shall not be liable
for its debts beyond the amount OF their unpaid
subscription. ARTICLE Iu.-SEC. l. This club
shall have power TO make any and all by
with reference to the government OF same, the
qualification and diSmission of members aud
the rights attaching to membership, the desig
nation and duties OF officers the care of its
property, and generally the means to best carry
out its purposes. SEC. 2 This association
shall have the right TO use a common seal, and
shall be empowered to receive donations by
gift or otherwise Of real or personal property.
and to purchase, hold, mortgage, or convey
such real and personal properly as may be
necessary for its purposes, or the Investment
or such funds as it may acquire, and generally
to perform all acts necessary TO the carrying
out OF it's object. Wherefore. your petitioners
pray that an order be granted Incorporating
them and their associates aud successors under
the name and with the powers and privileges
above mentioned. .t.lt
o'CONNoR & O'BYRNE.
Attorneys for Petitioners.