The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-06


: GEORGIA, eHATHAM COUNTY
To the Honorable William Clifton. Secre-
tary of State of the State of Georgia.
The petition of the undersigned respect
fully showeth, that:
First. Your petitioners, ]. Lawton
HERS, NJ D, Savannah, Ga, Marion X.
Corbin, NJ. D., Savannah, Ca, Pope Bar
row, Savannah, Ga, Walter r. Jones, Sa-
vannah. Ca. II. H. HUI, Savannah, Ca,
the name and residence OF each of whom
are above given are the persons desiring
to form a corporation as hereinafter set
forth.
Second. The kind of insurance they pro-
pose to carry on is mutual and co-opera-
tive insurance of the lives and health,
either or both of those holding policies,
and there is TO be no capital stock
Third. They do in good faith intend to
go forward without delay to organize said
company upon the plan of a fraternal mu-
tual aid society and cooperative life in
surance company.
Fourth. Wherefore, your petitioners
pray that they may be incorporated under
the laws of this state, with the right of
succession and transfer and the power to
fill vacancies in their number; to make
such rules and regulations for carrying on
the business as they may see proper not in
consistent with the constitution and laws
of this state, with the power to insure the
lives and health, either or both, of per-
sons upon such terms as may be agreed
upon, consistently with the laws of this
state, upon the plan of a fraternal mutual
aid society and cooperative life insurance
company, and TO have the power after re-
serving the necessary percentage of the
premiums for the payment of expenses Of
conducting the business and for the accu-
mutation of a sufficient fund, in their
judgment, to meet all losses and other OBJ
legations, then to divide the balance an
nually among the policy holders holding
policies during said year in proportion TO
the amount of their policies, with the fur
Their power to assess all holders of policies
prOportionately, if they find it necessary,
for the purpose of paying the amount of
any policy or policies in case of death, and
to provide for the forfeiture of policies in
case any assessment or assessments should
not be paid according to the rules and reg
ulations to be established, and with the
further power to provide for the payment
of such dues as may be provided for by
the rules and regulations OF this society
All policy holders shall be members of
this society but the control and regula-
ton of the business and of said fund, and
the distribution of dividends shall be
vested in your petitioners, and their sue
cessors during the life of the company, but
should the company at any time cease to
do business or be dissolved for any req
son, then the fund which had been accu-
mulated for the payment of losses shall be
divided out proportionately among all
those who at the time may be the holders
OF policies in this society.
Fifth Your petitioners further show
that they have given thirty days notice
of their intention to apply for said charter
By the publication of this petition in the
Savannah Morning News, the same being
the newspaper publishing the legal adver-
tisements of the county of Chatham, state
of Georgia where the principal Office of
said company is to be loca ted, once a week
for four weeks before the filing of this pc
ton.