The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-03-27
PETITION ron INCORPORATION.

~-~~~~~-~~~~~-~~~ $4,000
GEORGIA. CHATHAM COUNTY.-To
the Superior Court of Said County: The
petition of Mrs, Marie f. Branch, Ham
ilton NJ. Branch and Henry ]. Sutcliffe
all of Chatham county. Georgia. and Mrs
Margaret B. Sexton of Charlotte, N. c.,
respectfully shows
First. That they desire for themselves
their associates and successors, to be In
corporated for a term of twenty COZ years
with the privilege of renewal at the end
OF such term under the name and style of
THE S. w. BRANCH COMPANY"
Second. That said companys prncipal
place of doing business will be in Savan-
nan, Chatham county, Georgia, but your
petitioners desire said company to be au-
thorized to do business al any other place
within or without this state whenever In
the opinion of its board of directors the
extensions and exigencies of it's business
may require.
Third. The objects of your petitioners
association and the principal business they
propose to carry on under said corporate
name are as follows: The doing of the
business of wholesale and retail grocers
and dealers in groceries, provisions, hav
grain, vegetables, coffee tea sugar, spices
fresh and cured meats, canned goods
Whistles, wines, cordials, liquors, tobacco,
cigars and cigarettes, and all articles and
Things usually kept and sold by those en-
gagged in such businesses; also a general
commission and factorage business IN
merchandise and articles of all kinds; also
the business of general merchandising or
dealing in any and oil articles of mer-
chandise; and the doing of all matters
and things usual in, incident to, or neces-
sary and convenient for the conduct of
any or all of the businesses aforesaid.
Fourth. For the purposes of said bust
ness petitioners desire for said company
the right and authority to own. improve
lease and rent, purchase. sell and disnose
of real and personal property and secttri-
ties and stocks of all sorts and to borrow
money, issue bonds, evidences of in5ebt-
edness and promissory notes. without Sc
curity or with security by way of mort
cages. deeds TO secure debts, bills Of
sale, transfers or pledges, or otherwise.
Fifth. The amount of capital stock to
be employed in said business and to he
actually paid in will be the sum of eight
cen thousand dollars ($1S.O0W, divided into
shares of one hundred dollars G1OO each
but petitioners desire that said cornora
ton shall have the right and power of
increasing said capital stock from time
to time to any amount not exceedino,
fifty thousand dollars (So0OOO) Whenever
in the opinion of its board of directors
such increase may be deemed necessary
or proper, and with the right and mower
similarly, of decreasing said increased
capital stock from time to time TO env
amount not below said original amount
of $1S000O0.
Petitioners desire that lien be given
to said corporation upon all of the sharas
of any stockholder who may be indebted
to- said corporation with the right 20 sell
and dispose of such stock or such nor
ton thereof as may be necessary to nav
off such indebtedness, and that the cor
poration be given the right to refuse to
t~s,,n -fTx,R y, Il
such Indebtedness, provided notice of si1ch
lien, right and power be embodied in the
certificate or certificates of stock issued
and to be issued
Petitioners also desire that the powar
of stockholders to sell and transfer their
stock shall be further limited as follows.
Stockholders desiring to sell any or all Of
their stock shall give their co-stoclxho1d-
ers the first option to purchase the same
and shall sell to them. or any of them
all such stock at the price they are bona
fide offered for said stock by one not a
stakeholder.
Sixth Petitioners desire thet the right
of dissolving said corporation and winding
up its business a any time on a vote If
the stockholders owning and holding not
less than two-thirds go of the canital
stock, al a meeting of stockholders called
for that purpose, written notice of which
shall be mailed TO each stockholder at
least ten QO) days prior to such meeting
may be embodied in the charter of said
company.
Wherefore, petitioners pray that an or
der may be passed declaring this applj-
cation granted, and that your petitioners
their associates and successors, be fncor-
porated under the name, 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
all such Others as are usual or incident
to corporations of like character.
DENMARK, ADAMS & FREEMAN
Attorneys for Petitioners.
Filed in office OF the clerk of the Su-
perior Court of Chatham county, Georgia,
this 18th day of March. 1900
JAMES X. p. CARR.
Clerk S. c.. c. c., Ca.