The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-03-19
PETITIONS FOR INCORPORATION

~~~~>--~~-~-~~---~-~~~- O-~-~-~~~~~~~N,
STATE OF GEORGIA, CHATHAM County,
~ To the Honorable Superior Court of said
county: The petition of 2. W, MELDRIM, A.
r. FAWCETT, G. P. MILLER, G. f. PRENDER-
CAST aud G. II. MILLER, respectfully shows
that they desire for themselves and such other
persons as may hereafter become associated
with them, and their successors, to bs incorpo-
rated under the name and style of the
NATIONAL ASSURED BUILDING, LOAN
AND CONSOL ASSOCIATION.
The object of said association is the accumu
lation of a fund from the savings and invest
ments of its members TO assist them in bust
ness, TO improve their real estate, and to other
wise better the pecuniary condition of its mem
bers. The particular business they propose to
conduct in their corporate capacity is that of q
Building aud Loan Association, and their cant
tal is to be obtained by the monthly payments
or its members on their stock subscriptions and
the sale of consolidated loans or consols in such
manner and amount as they may deem desir-
BILE. They desire the privilege of owning and
selling real estate, Of lending and borrowing
money, and to make, issue and sell bonds or
other obligations based upon property held by
them.
Petitioners show that the capital stock shall
be FIVE HUNDRED SHARES OF the par value
of ONE HUNDRED DOLLARS each, 10 per
cent. of which will be paid in upon the an
nouncement of its business, and that they de-
sire the privilege of increasing their capital
stock under the operation Of their Constitution
and By Laws, from time to time, to TWO
HUNDRED AND FIFTY thousand SHARES,
and of likewise reducing its shares to not less
than FIVE HUNDRED, said increase and de-
crease to be accomplished in the discretion of
its Board of Directors. Petitioners ask, in ad-
dition to the powers above prayed for that they
be empowered to employ and appoint agents,
to make all contracts niece ssary for the further
ance of its business, to act as agents for its
members in the procurement of loans and in
surance. to make bylaws binding on its own
members not inconsistent with the laws OF this
state and Of the United States, to sue
and be sued. to have and use
a common seal and generally to
have, exercise and enjoy all the powers and
privileges incident to corporations under the
laws of the State Of Georgia. Your petitioners
show that the principal Office Of the said associ-
alton will be in the city of Savannah county
and state aforesaid, but said Association desires
to have the privilege of establishing agencies
and transacting business in any state of the
United States OF America: and they desire to
be Incorporated for the term Of twenty years
with the privilege Of renewal at the expiration
of said term. Wherefore your petitioners pray
that they may be Incorporated under the said
corporate name. for tine purposes aforesaid
for the term aforesaid, and with all the powers
aforesaid
And your petitioners viii ever pray, etc.
G. II. MILLER
GARRARD & NELDRIM,
Attorneys for Petitioners
Petition for incorporation fled in office and
recorded this 18th day of March. 1891.
JAMES X. p CARR,
Clerk S. 9. @. O., Ga.