The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-07-01
FOR INCORPORATION
mas ATLANTIC GIVE CHARTER-

THE ATLANTIC CLUB CHARTER.
CTATE OF GEORGIA, CHATHAM COUNTY
- To the Superior Court Of said county: The
petition of R +. PEPPER, NJ 4 O'BYRNE 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 corporation under the following
provisions: ARTICLE T.--SEc. !. The corporate
name aud title of the association shall be THE
ATLANTIC CLUB" 1t shall exist from date
for a period of twenty (20) years. with the
privilege Of renewal at the expiration OF that
time, AMI IL shall be located in said county.
SEC. , The purposes of this club are to provide
and maintain suitable premises for the social
gathering of its members ON Tybee Island. or
elsewhere 10 said county. with such facilities for
social enjoyment as are usual to clubs formed
for like purposes SEC. 3. The officers of this
club shall be president, vice president aud
secretary and treasurer, and four a. governors,
who shall constitute a board of seven "a gov
ernors, all of whom shall be elected annually by
ballot on the third tuesday of May and shall
hold office until their Successors elected AR
TICLE IG.-SEC. /. The capital stock Of this club
actually paid III, shall be SEVEN THOUSAND
FIVE HUNDRED (S7.5o0) DOLLARS, with the
privilege to increase the same to FIFTY THOUS-
AND (S3O.000) DOLLARS. divided into SHARES Of
TWO HUNDRED AND FIFTY 1880 DOLLARS
each. All certificates Of stock shall be signed
by the president and couutersigned by the sec
Rotary and treasurer, and transferable only on
the books of the club SEC. ?. Every member
OF the club must be a holder in his own name,
OF at east one ~ 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 be transferable on the books of
the club until all indebtedness of the members
TO the club shall have been paid. SEC. g. 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 one ~ vote at any meeting of the stock
holders. Members shall be allowed to vote by
proxy, except on questions OF expulsion o
dismission Of members SEC. t. The stock
holders of this club shall not be liable
for its debts beyond the amount of their unpaid
subscription. ARTICLE Iu.-SEC /. This club
shall have power to make any and all bylaws
with reference TO the government of same, the
qualification and dlsmisson of members and
the rights attaching to membership the desig-
nation and duties of officers, the care Of its
property and generally the means 10 best carry
out It's purposes, sac. 2 This association
shall have the right 60 use common seal, aud
shall be empowered TO receive donations by
gift or otherwise Of real or personal property,
aud to purchase, hold. mortgage, or convey
such real aud personal property as may be
necessary Tor It's purposes, or the Investment
OF such funds az IL may acquire, and generally
70 perform all acts necessary TO tho carrying
ont of its 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.
Filed In office and recorded this list day OF
June, A. ID. 1891. JAMES X. p. CARR,
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