The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-09
PETITIONS FOR INCORPORATION.

~0~0~~~~~@-O00ON~~N~0~O-
GEORGIA, CHATHAM COUNTY.-To
the Superior Court of Said County: The
petition of Jesse P. Williams, John A. G
Carson, of said county, and John Morrison
of Bryan county, in the state Of Georgia.
shows:
First. That they desire for themselves
and such other persons as they may asso-
ciate with them, to be incorporated under
the name and style of the
]. P. WILLIAMS COMPANY.
Second. That said companys principal|
place of doing business will be in the civ
of Savannah, county of Chatham, state Of
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 exigences|
of 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 mar
be necessary or usual in the manufacturs
Of naval stores and in the operating and
conducting of naval stores farms; thu
business of buying, selling and dealing ia I
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 saw-mills 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 general mercantile bust
ness; the business of dealing in mules and
horses and all such implements and uten-
sis as are used on naval stores farms and
i'm the operating of saw-mils and in the
marketing of the products of such farms
and saW-mills; the doing of 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
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 (250,000) 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 I'VE
hundred thousand 100000 dollars, when-
ever. in the opinion of its board of drec-
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 4
capital stock from time to time to any
amount not below the original capital 4
stock of $3.50 900.
Your petitioners ask that a lien be given
to said corporation upon all of the shares
of any stockhOlder who may be indebted
to said corporation, with the right TO sen
and dispose of such stock, or such por-
ton thereof as may be necessary 10 pay
off such Indebtedness and that the cofpo-
ration be given the right to refuse 70
transfer such stock until full payment Oh
such Indebtedness, provided that notice
of such lien, right and power be emDouleG
in the certificate or certificates OF sJocA
issued and to be Issued.
Fifth. Your petitioners desire to be III
corporated for a period of twenty Wv
years, with the privilege of renewal at inc
end of that period, and with the turtner
privilege of dissolving said corporation
and winding up its business at any time
on vote of the stockholders owning anu
holding not less than two-thirds OF lue
capital stock at a meeting of stockholdel,
called for that purpose, written notice =.
which shall be mailed TO each stocknoher
al least ten Q0) days prior to such meet
ing.
Wherefore, your petitioners pray tna'
an order may be passed declaring TINS az
pication granted and that your petition.
ers, their associates and successors, Ma!
be incorporated under the name ana NLlI
the objects and for the purposes ana w
the time aforesaid, and with all suv
rights, powers and privileges as are aoo,
set forth and such others as are usuN
or incident to corporations of like chSi
acter
DENMARK, ADAMS & FREEMAN
Attorneys for Petitioner,
A true copy of the original filed IN u,
office of the Clerk of the Superior Cou
of Chatham county, Georgia, this lst ua'
of September, 1897
JAMES X. 2. CARR
Clerk S. c., c. G.