The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-03-13
PETITION FOR INCORPORATION.

GEORGIA., CHATHAM COUNTY.-To
the Superior Court of Said County: The
petition of Mrs, Marie F.. Branch, Ham,
ilton NJ. Branch and Henry j. 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 COO 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 company's principal
place of doing business will be in SaVan-
nah, Chatham county, Georgia, but your
petitioners desire said company to be au-
thorized to do business at any other place
within or without this state whenever in
the opinion of its board of directors the
extensions and exigencies of its business
may require
Third. The objects of your petitioners
associat ton 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, hay
grain Vegeta bles coffee, tea, sugar. spices
fresh and cured meats, canned goods
WHISTLES, wines, cordials, liquors. tobacco
cigars end cigarettes, and all articles and
things usually kept and sold by those en-
gagged in such businesses; also general
commission and factorage business in
merchandise and articles of all kinds; also
the business of general merchandising or
dealing in any and ell 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 cornDanv
fi1o rzief md 20
lease and rent purchase, sell and dispose
of real and personal property and sec1lri-
ties and stocks of all sorts and to borrow
money, issue bonds evidences of indebt-
edness and promissory notes. without Sc
curity or with security by way of mort
cages, deeds 10 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 900, divided into
shares of one hundred dollars (S100 each
but petitioners desire that said corpora
ton shall have the right and power of
increasing said capital stock from time
to time to any amount not exceeding
fifty thousand dollars (SoO,010) whenever
in the opinion Of it's board of directors
such increase may be deemed necessary
or proper, and-with the right and power
similarly, of Decreasing said increae-
amount not below said original amount
of $1S.O00O0.
Petitioners desire that lien be given
to said corporation upon all of the shares
of any stockho,der who may be indebted
to said corpora ton with the right to sell
and dispose of such stock or such nor
ton thereof as may be necessary to pay
off such indebtedness, and that the cor
poration be given the right to refuse to
transfer such stock until full payment Of
such Indebtedness, provided notice of such
lien, right and power be embodied in the
certificate or certificates of stock issued
and to be issued.
Petitioners also desire that the power
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-stockhold-
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
ide offered for said stock by one not a
stakeholder.
Sixth. Petitioners desire that the right
of dissolving said corporation and winding
up it's business at any time on vote Of
the stockholders owning and holding not
less than two-thirds (2O OF the capital
stock at a meeting of stockholders called
for that purpose, written notice Of which
shall be mailed 20 each stakeholder at
least ten 40 days prior to such meeting
may be embodied I'm the charter of said
company.
Wherefore, petitioners pray that an or
der may be passed declaring this appli-
cation granted, and that your petitioners
their associates and successors. be incor-
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 g. FREEMAN.
Attorneys for Petitioners
Filed in office Of the clerk of the Su-
perior Court of Chatham county, Georgia,
this 18th day or March, 1900.
JAMES X. =. CARR,
Clerk Superior Court Chatham County