The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-05-07

STATE OF GEORGIA. CHATHAM
COUNTY.-To the Superior Court of said
county: The petition of Mills b. Lane,
Henry d. Stevens. John Heard Hunter.
Lawrence Mcneil, Thomas II. Mcmillan,
John X. Young, of said county; Edward
W. Lane, Benjamin +. Strickland, OF
Lowndes county, and w. s. William OF
Fulton county respectfully shows
First. That they desire for themselves,
their associates and SUCCESSORS to be in
corporated for a period of twenty (2Ol
years with the privilege of renewal at the
end of such time, under the name and
style of
SOUTHERN COTTON MILLS AND
COMMISSION COMPANY"
Second. That the principal Office and
place OF doing business OF said
corporation win be in Savannah,
Chatham county, Georgia, but they
desire chat 1t shall have the right
to establish branch offices and other
places of business elsewhere in this state
and In other states and territories as The
extensions and exigencies OF its business
may make necessary or convenient.
Third. That the principal business or
said corporation win be generally that OF
factors and commission merchants, ana
the leading or principal articles 10 bs
handled and dealt in by il will be the pro-
ducts of cotton mills, and materials, ma
chinery and equipment for such mills.
And to this end said company viii desire
the power to act as financial agent. and
buying and selling agent for such mills;
and to aid in the erection and operation
thereof by subscribing to or purchasing
the whole or a portion of the capital
stock of such mills, or by advancing
money therto. with or without security,
or by indorsing or guaranteeing the eh-
legations of such mills. Petitioners desire
that said corporation shall have the fur
Their right to operate stores and ware
houses at all points they may deem neces-
sary or convenient; 20 borrow money,
without security, or with security, by way
of personal Endorsements, pledge or trans
fer of personal property, or by deed, mort
gage or other lien; TO own, rent, lease I'm
prove, sell and otherwise dispose of and
cucumber real property. and to own, buy
and sell personal property of all kinds.
stocks, securities and chooses in action: and
to deal in all such articles and things at
wholesale and retail and real and personal
property as may be thought necessary and
proper for the pecuniary interests of said
company.
Fourth. The capital stock Of said COM
pany will be one hundred thousand Q0o,-
O00) dollars. divided into shares of one
hundred 400 dollars each, and into we
ferred and common stock, or all common
stock, as the Board of Directors may
elect, and IL divided into preferred and
common stock the proportion of each shall
But petitioners desire that said company
shall have the right and power 90 in
crease said capital stock by issuing pre-
ferred and common stock, or common
stock only, in the discretion of It's board
of directors, from time to time TO any
amount not to exceed one million dollars
81 ,O00, O0O and In like manner from time
to time, to reduce said Increased capital
stock 10 any amount not less than said
original amount of one hundred thousand
100000 dollars.
Fifth. Said corporation will not begin
business until ten QW per cent of said
capital stock, or ten thousand 10000 dol
lars has been actually paid in. And stock
holders who have paid up their stock sub
scriptions in full shall be In no wise re-
sponsible for the debts and liabilities OF
said corporation.
Sixth. Petitioners desire for said cor
poration, in addition to the rights, pow
ers. privileges and authority above set
out, all other rights, powers. privileges
and authority incident under the laws OF
Georgia to corpora lions OF like character.
Wherefore petitioners pray an order IN
cooperating them, their associates and sue
cessors, under the name aforesaid for the
term aforesaid, and with the rights, pow
ers, privileges and authority above set
dent under the laws of Georgia 90 COR 4.
porations of like character
DENMARK, ADAMS G. FREEMAN,
Attorneys for Petitioners
Filed In the office of the clerk Of the
Superior Court OF Chatham county this
March %. 1900.
JAMES X. p. CARR.
Clerk Superior Court of Chatham County,
Georgia