The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-04-03
PETITION FoR NEUTRALITY-SUSPICIOUS..

GEORGIA. CHATHAM COUNTY-To
the Superior Court of Said County: The
petition of Mrs. Marie f. Branch, Ham,
llton NJ. Branch and Henry J. Sutcliffe,
al of Chatham county. Georgia. and Mrs
Margaret B. Sexton of Charlotte, N. c..
respectfully shows:
First. That they desire for themselves,
thelr associates and successors, to be in
corporated for term of twenty (20) 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
pace OF doing business will be in Savan-
nan, Chatham county, Georgia. but your
petitioners desire said company to be au-
thorlzed 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 its 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
ana dealers in groceries, provisions, hay
grain, Veget bles, coffee, tea, sugar spices
fresh and cured meats, canned goods
Whlskles, 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 n
merchandise and articles of all kinds; also
the business of general merchandising or
dealing in any and ell articles of mer-
chandlse; and the doing of all matters
ana things usual in, incident to, or neces-
sary ana convenient for the conduct of
any or all of the businesses aforesaid
Fourth. For the purposes of said bust
ness petitioners desire for said comnanv
the right and authority TO own improve
tease and rent, purchase. sell and dispose
Of real and personal property and securi-
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 20 secure debts, bills of
sale, transfers or pledges, or otherwise.
Firth. 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 ($lSOOO) divided into
shares of one hundred dollars Cs1OM each
but petitioners desire that said cornora
ton shall have the right and mower of
increasing said capital stock from time
to time to any amount not exceeding
fifty thousand dollars SoO, O0O) whenever
in the opinion of its board of directors
such increase may be deemed necessary
or proper, and with the right and power
similarly. of decreasing said increased
capital stock from time to time to anv
amount not below said original amount
of S18,00000.
Petitioners desire that a lien he given
to said corporation upon all of the shares
of any stockhoider 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 nav
off such Indebtedness, and that the cor
poration be given the right to refuse 70
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
fde offered for said stock by one not a
stockholder.
Sixth. Petitioners desire that the right
of dissolving said corporation and winding
up its business at any time on a vote of
! the stockholders owning and holding not
less than two-thirds "a of the capital
stock, at meeting of stockholders called
| for that purpose, written notice of which
shall be mailed TO each stakeholder at
least ten G0 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 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 & 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 K. P. CARR
Clerk S. C., C. c. Ga