The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-30
]. P. WILLIAMS COMPANY-

~AN' StShi Olll6F persons as tney may aSsO-
clate with them, to be Incorporated under
the name and style of the
j. p. WILLIAMS COMPANY
second. That said cOmpanys PRINCIPAL
place of doing business will be in the citv
OF savannah, county of Chatham, state ~
Georgia, but your petitioners desire that
said company be authorized to do business
at any other place within or without this
state, whenever, in the opinion of its board
OF directors, the extensions and exigencie5
or Its business may require.
Third. That the objects of your petition
ers' association and the principal business
they propose to carry on under said corpo-
rate name are as follows: The doing Of
the business of naval stores merchants:
the doing of a general commission and
factorage business in naval stores, cot
ton, farm products of all kinds, merchan-
disc and articles of all kinds, with the
right of advancing money on real and per-
sonal property of every kind; the business
of manufacturers of naval stores, with the
right of operating naval stores farms and
of owning lands timber and timber lands
and all other property, real and personal,
of every nature and description, that may
be necessary or usual in the manufacture
of naval stores and in the operating and
conducting of naval stores farms; the
business of buying, selling and dealing In
lands, timber and timber lands; the bus
mess of owning and operating saw-mills,
and the owning of all such property as
may be necessary and usual in the opera
ting of sawmills, with the right to own
and operate tram-roadS and steamboats,
as incidental or necessary to any of the
businesses in which they may engage here
under; the business of owning and opera
ting farms for the cultivation of cotton,
corn and other agricultural products; the
business of wholesale and retail grocers;
the doing of g general mercantile bust
business dealing mnlAG and
horses and all such implements and uten-
sis as are used on naval stores farms and
in the operating of saw-mills and in the
marketing of the products of such farms
and saw-mills; the doing of a general
storage and wharfage business with the
right to own and lease wharVes and ware
houses; the doing of all other matters and
things usual in, or incident to, any of the
businesses aforesaid; with the right to
borrow money, and to give notes, bonds
certificates of indebtedness and other in
struments therefor and to secure the same
by a lien or pledge, mortgage or deed to
and upon any or all of the company's
property.
Fourth. The amount of capital to be en-
ployed in said business and actually paid
in will be the sum of two hundred and
fifty thousand (25O, Coo dollars, divided into
shares of one thousand dollars each, but
your petitioners desire that said corpora
ton shall have the right and power of in
creasing said capital stock from time to
time to any amount not exceeding five
hundred thousand 100000 dollars, when
ever. in the opinion of its board of direc-
tors, such increase may be deemed neces-
sary or proper and with the right and
power, in the discretion of its board OF
directors, of decreasing said increased
capital stock from time to time to any
amount not below the original capital
stock of $3.50, eco.
J,o civ
to said corporation upon all of the shares
of any stockholder who may be indebted
to said corporation, with the right to sell
and dispose of such stock, or such por-
ton thereof as may be necessary to pay
off such Indebtedness and that the corpo-
ration be given the right to refuse to
transfer such stock until full payment OF
such Indebtedness, provided that notice
of such lien, right and power be embodied
in the certificate or certificates OF stock
issued and to be issued.
Fifth. Your petitioners desire to be in
corporated for a period of twenty CD
years, with the privilege of renewal at the
end of that period, and with the further
privilege of dissolving said corporation
and winding up its business at any time,
on vote of the stockholders owning ana
holding not less than two-thirds of the
capital stock at a meeting of stockholders
called for that purpose, written notice OF
which shall be mailed to each stockholder
at least ten (1O) days prior to such meet
ing.
Wherefore, your petitioners pray that
an order may be passed declaring this APP
plication granted and that your petition
ers, their associates and successors, may
be incorporated under the name and with
the objects and for the purposes and for
the time aforesaid, and with all such
rights, powers and privileges as are above
set forth and such others as are usual
- ~f Ia
acter.
DENMARK, ADAMS & FREEMAN
Attorneys for Petitioners.
A true copy of the original filed in the
office of the Clerk of the Superior Court
of Chatham county, Georgia, this LIST day
of September, 1897
JAMES K. P. CARR,
Clerk S. c., C. c.