The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-06-17
PETITIONS FOR INCORPORATION

THE ATLANTIC CLUB CHARTER.
CTATE OF GEORGIA. CHATHAM COUNT
- To the Superior Court OF said county: The
petition OF r z. PEPPER, NJ. A. O'BYRNE and
w. j. HARTY, JR all Of said county and state,
in behalf OF themselves and their associates. re-
spectfuly shows that they desire 10 form them
selves into corporation under the following
provisions ARTICLE L-SEc. !. The corporate
name and title OF the association shalrOe THE
ATLANTIC CLUB" It shall exist from date
for period Of twenty (s0) years, With the
privilege Of renewal at the expiration Of that
time. and It shall be located In said county.
SEC, 2 The purposes Of this club are 20 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 a president, vice president and
secretary and treasurer, and four a. governors,
who shall constitute a 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 "A,
TIoLE II.-SEC, 1. The capital stock OF this club,
actually paid in, shall be- SEVEN THOUSAND
FIVE HUNDRED (S7.500) DOLLARS, with the
privilege to increase the same to FIFTY THOUS.
AND (S50.O00 DOLLARS divided into shares of
TWO HUNDRED AND FIFTY $3.50 DOLLARS
each. All certificates Of stock shall be signed
by the president and countersiRned by the sec
rotary aud treasurer, and transferable only on
the books Of the club. SEC 9. 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 stocY. but the
same shall not be transferable on the books or
tie club until all indebtedness % :se mesnhsrs
to the club shall have been paid. SEC. 3. The
ownership OF stock OF the club shall not confer
membership upon the holder, nor shall any
member of tho 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 quest ions of expulsion
dsmission OF members. SEC. 4. The stock
holders OF this club shall not DO liable
for ita debts beyond the amou-t OF their unpaid
subscription. ARTICLE Iu.--SEC. l. This club
shall have power to make any and oil bylaws
with reference to the government of same the
qualification and diSmsson Of members and
the rights attaching 70 membership, the desig.
nation and duties of officers. che care of les
property, and generally the means to best carry
out its purposes SEC. 9. This association
shall have the right to use 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 property as may be
necessary for its purposes or the Investment
OF such funds as IL may acquire, and generally
TO perform all acts necessary TO the carrying
out 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 a O'BYRNE