The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-05-16
PETITIoNs FOR 1NcoRPoRATION

GEORGIA, CHATHAM COUNTY
To the Honorable William Clifton, Score
tary of State of the State of Georgia
The petition of the undersigned respect
fully shoWeth, that:
First. Your petitioners, j. Lawton
HERS, NJ. D., Savannah, Ca, Marion X
Corbin, NJ. D., Savannah, Ca, Pope Bar
row, Savannah, Ca, Walter r. Jones, Sa-
vannah, Ga, H. H. Hull. Savannah, Ca,
the name and residence or 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-
Of c11ffi
Judgment, to meet all losses and other oD-
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
V.
! should the company at any time cease to
! do business or be dissolved for any rea-
! 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 located, once a week
! for four weeks before the filing of this pc
ton.
| j. LAWTON HERS, M D.
POPE BARROW
WALTER r. JONES.
MARION X CORBIN. NJ. d
II. H. HULL.
| GEORGIA, CHATHAM COUNTY.
| Before me personally came Walter r.
| Jones and II. H. Hull, two of thu. persons
| forming Interstate Arcanum as set forth
in the foregoing petition, who being duly
sworn say that the names subscribed
thereto are the genuine signatures of the
| persons named therein, and that the facts
! stated in the said petition are true.
WALTER R. JONES.
H. H. HULL.
| Sworn to and subscribed TO before mo
| this, 7th day of May, 1898
M. 7. QUINAN,
| Notary Public G q "a