The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-12-02
THE MORNING NEWS: WEDNESDAY, DECEMBER 2 1896

STATE OF GEORGIA, CHATHAM
COUNTY. the Honorable Superior
Court of Said County; l. The petition of
Merritt w. Dixon, John ]. Carolan, James
L. Morrison, George B. Whatley Henry
H. Mckee, Francis d. Bloodworth, John
| r. Wheaton, Thomas j. Davis, John +.
Tietjen, James X. p. Carr, John G.
Robertson, William +. Braid, Joseph L.
Graham, Edward Geffcken 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 the
name and style of the Savannah National
Building and Loan Association, to be
made and constituted a body corporate.
?. The object of said association or cor
poration 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
or dispose of all such securities, or any
part thereof, If deemed advisable: to is
sue certificates of stock and membership
to its members; to make, issue and sell
bonds or other obligations based on the
security of the property held by the asso-
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 machine
ry or any other appliance that will tend
to increase the value of the same, to sell
the same upon such terms as will be to
the best interest of the association, and to
do such other things as may be necessary
and lawful in the prosecution of said bus
mess.
3. 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, If
it 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.
4. The capital of said association shall
be Five Hundred $500 shares, of the par
value of One Hundred (SlOO) Dollars per
share but petitioners desire the privilege
of increasing said capital stock to One
Hundred Thousand 100000 Shares.
Petitioners also desire the priv
lege of making such bylaws,
rules and regulations for the gov
eminent 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
5. 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 there
of as may be necessary; to have and use
a common seal; to sue and be sued; to
plead and be impleaded; 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 as
ISOLATION.
Wherefore your petitioners pray that
they, their associates and successors may
be incorporated under said name. the Sa-
vannah National Building and loan AS
soeiation, for a term of twenty years,
with the privilege of renewal at the ex-
piration of said term.
And your petitioners will ever pray etc.
G. B. WHATLEY,
Attorney for Petitioners.
Petition for incorporation filed In ONCE,
this Dec. /, 1896. JAMES K. p. CARR,
Clerk Superior Court, c. c., Ga.