The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-05-14

STATE OF GEORGIA CaATG1N
COUNTY.-To the Superior Court of said
county: The petition of Mills B. Lane.
Henry D. Stevens, John Heard Hunter,
Lawrence Mcneil, Thomas H. Mcmillan.
John r. Young, of said county; Edward
w. Lane, Benjamin F. Strickland, of
Lowndes county. and w. s. Witham Of
Fulton county, respectfully shows:
First. That they desire for themselves,
their associates and successors, to be in
corporated for period of twenty (2O
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 will be in Savannah.
Chatham county, Georgia, but they
desire that it 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 OF
said corporation will be generally that of
factors and commission merchants, and
the leading or principal articles to be
handled and dealt IN by 1t will be the pro-
ducts of cotton mills, and materials, ma
chinefy and equipment for such mills.
And to this end said company will desire
the power &c 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 OBJ
legations of such mills. Petitioners desire
that said corporation shall have the fur
thor RIGHT IN WAR
houses at all points they may deem neces-
sary or convenient; TO 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.-
000) dollars, divided into shares of one
hundred 600 dollars each, and into pre-
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
be as the board of directors may elect.
But petitioners desire that said company
shall have the right and power 20 in
crease said capital stock by issuing pre-
ferred and common stock, or common
stock only, In the discretion of its board
of directors from time to time to any
amount not to exceed one million dollars
($1, 100000 and In like manner from time
to time, to reduce said increased capital
stock to any amount not less than said
original amount of one hundred thousand
600 900 dollars
Fifth. Said corporation will not begin
business until ten QO 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 corporations 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
out and all such others as may be incl
dent under the laws of Georgia 90 cor
porations of like character.
DENMARK, ADAMS & FREEMAN,
Attorneys for Petitioners.
Filed In the office of the clerk of the
Superior Court of Chatham county this
March 49, 1900
JAMES K. p. CARR,
Clerk Superior Court of Chatham County.
Georgia