The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-12-30
PETITIONS ron INTERPRETATION.

STATE OF GEORGIA, CHATHAM
COUNTY.-To the Honorable Superior
Court OF Said County:
]. The petition OF Merritt w. Dixon
John J. Carolan, James L. Morrison.
George y. Whatley. Henry III. Mckee,
Francis ID. Boodworth, John r. Wheaton.
Thomas j. Davis, John II. Tietjen,
James X. p. Carr, John G. Robert-
son. William Il. Braid, Joseph L. Graz
ham, Eidred Geffclken, Moses Dry
fus, John w. Smith, Benjamin p. Lock-
wood and John w. Siday Of the city OF
Savannah, county and state Aforesaid.
shows that they desire for themselves and
such other persons as may hereafter be-
come associated with them, and their sue
cessors, corporate privileges, under tho
name and style of the Savannah National
Building and Loan Association, to be
made and constituted a body corporate.
2. The object OF said association or cor
poratlon is the pecuniary profit and con-
venience Of the members, and the busi-
ness they propose to conduct is that of a
building and loan association; the accu-
mutation of a fund which shall be paid
In monthly payments or otherwise by the
stockholders lending the same on real
estate, personal property or other secu-
rity to the members OF said association
or other persons, taking deeds, mortgages,
executions or other liens thereto; to sell
OF dispose OF al SuCn SECURITIES. OF any
part thereof, II deemd advisable; to is
sue certificates of stock and membership
to its members; to make, issue and sell
bonds OF other obligations based on this
security of the property held by the ASSOC
citation; to buy, sell, own and deal In any
real or personal property; TO improve real
estate by erecting dwellings, buildings OF
any kind whatsoever, or placing machines
ry or any other appliance that will tend
to increase the value OF the same, to sell
the same upon such terms as viii be to
the best interest OF the association, ard 70
do such other thihgs as NAV be necessary
and lawful In the prosecution Of said bus-
mess.
9. The principal office. place Of business
and residence of said association shall be
| in Savannah, Chatham county, Georgia,
where a majority OF the board Of direct
ors shall reside; but petitioners desire the
privilege OF transacting business any
where within the state OF Georgia, or in
any other state OF the United States. ir
Il Is to their interest to do so. Petitioners
desire to establish branch offices wherever
they think proper, appoint local boards,
attorneys agents and representatives, as
/ occasion and business may require, to
| carry ON the business OF said association,
and TO confer authority upon them for
that purpose.
a. The capital Of said association shall
be Five Hundred 600 shares of the par
value OF one Hundred H1OO Dollars pes
share, but petitioners desire the privilege
OF increasing said capital stock TO Ono
Hundred Thousand 100000 Shares Petit
tioners also desire the privilege Of making
such bylaws, rules and regulations for
the government OF said corporation and
enforce the same by such fines. forfeitures
and penalties, not in conflict with the laws
Of Georgia. and which may be necessary
and proper.
s. petitioners further desire that they
be allowed to borrow money on real es-
tate or personal property, and to execute
such mortgages, deeds and transfers
thereof as may be necessary; to have and
use a common seal; to sue and be sued; to
plead and BIO implicated; to contract and
be contracted with, and to have such
other powers and do such other acts and
things as are usual and proper In order
TO carry out the intention and purpose OF
said association.
wherefore your petitioners pray that
they, their associates and SUCCESSORS may
be Incorporated under said name, the Sa-
vannah National Building and Loan AS
ISOLATION, for a term of twenty years.
with the privilege OF renewal at the ex-
pfration of said term
And your petitioners viii ever pray etc.
@. B. WHATLEY.
Attorney for Petitioners.
Petition for incorporation filed In offica
this Dec. l. 1896. JAMES X p. CARR.
Clerk Superior Court, G. c., Ca