The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-22
WILL APPLY FOR A CHARTER.
THE MAY FESTIVAL IN THE HANDS
OF THE STOCKHOLDERS.

They VIII Hold a Meeting Monday
Afternoon and n Charter VIII he
Applied for at Once-The Subserip-
lion Committee Reports Nearly
sII 900 Raised, and Guarantees TO
Reach Fully That Ffgure-TO BE
Called the Military Interstate As
ISOLATION of savannah.
The IA. lions OF the general committee
which met for the purpose OF arranging
FOR a May week festival have practically
ceased, as IL has been decided TO organize
permanently. For this purpose a meeting
of the subscribers and stockholders Of the
organization has been called for o'clock
Monday afternoon in the rooms of the
Commercial Club.
The committees on organization and sub
scription both made reports at the meet
ing held ia the long room Of the city ex-
change yesterday afternoon. The report
Of the committee on organization was made
by Col VIM. Garrard, chairman of the
committee. 1t is an important one and is
as follows:
Savannah, Ca. Feb 20. 1Sg6.-Col W. w
Gordon, Chairman General Committee
Sir-The committee on organization re-
spectfully submits the following as its
/. That this matter should assume cor
porate shape, and to that end, a petition
should be hled TO the superior court using
the names OF the committee on subscrip-
lions, with their associates; the corpor-
ate name TO be Military Interstate Assoc
citation of Savannahi" the capital stock
to be not less than eleven thousand (Sl1,-
OOW dollars, to be increased at the organ
izauon meeting, If desirable, to a sum
not exceeding twenty-five thousand S25,-
OOO) dollars. and after the organization
meeting, to be increased, at any time, to
sum not exceeding one hundred thou
sand Sl00,OO0) dollars, and to be decreased,
at any time, to a sum not less than the
amount fixed at the organization meet
ing; the capital stock to be divided into
shares of one hundred $500 dollars eacn.
10 be paid in as stated in the subscrip-
ton agreements
II. That so soon as eleven thousand
G11000 dollars of capital stock shall have
been subscribed, a meeting be called by
this committee of the subscribers to this
stock, so that a temporary organization
may be effected.
III. That, If this report be adopted. and
the above course be decided upon at the
meeting of the general committee, then
and in such event the functions of the
general committee and all subcommittee
shall cease when the Temporary organiza-
ton above referred to shall have been
perfected. Respectfully submitted
William Garrard,
John r. Young,
Alex. r. Lawton, Jr.
Committee.
After this report had been read and ex-
planned by Col. Garrard It was received
and adopted by unanimous vote The re-
port or the committee on Subscriutions
was then called for, and Capt w. w. VIII
hanson, chairman, reported $40 ECO In act
ual, bona iide signed subscriptions to the
capital stock. There We're a number az
other parties to be seen. he said and ne
did not think there would be any trouble.
Whatever I'm getting the other $500 to make
up me SllOyV mentioned in the report of
the organization committee. Capt. Will
hanson afterwards stated that he was au-
thcrized to say in behalf of the subscrip-
ton committee that il would guarantees
the raising of the other $500, and it was
learned after the meeting that 500 of IN
was subscribed a short time afterward.
capt. Williamson said there were sew
eral parties who had subscribed, or an
nOunced their intention of subscribing at
former meetings, but who refused to nut
their names down when called on. He
mentioned one party on Broughton street
who agreed at one of the early meetings
TO subscribe $500, but who said he would
not do so, because he made that sub
script1on on the understanding that the
railroads were going to give a 1-cent
rate. He stated that the question of rates
had not been discussed at all at the time
the party in question made the subscrip-
ton.
Col Garrard made a motion that ac
ton be taken In pursuance of the report
of the committee on organization as adopt
ed, namely, that charter be applied for
and meeting Of the stock
holders be called. This was adopt
IL was decided to call a meeting of the
stockholders for Monday afternoon at the
rooms of the Commercial Club, over the
Citizens Bank.
The committee on organization will go
ahead with the preparation of a char
ter. which will be considered at that meet
ing, and committees will be appointed at
that time to take hold of the work at
once and push it through to success. 1t
is desired that every stakeholder be pres
ent at the meeting Monday afternoon,
and il unable to be present in person that
he give some other stakeholder or repre-
sentative a written proxy.