The Savannah morning news., 1901-05-23
PETITION ronl INCORPORATION.


STATE OF GEORGIA, CHATHAM
CoUNTY--To the Superior Court of said
County:
The petition of Lawrence Lippman, ia
cob Lippman and Lewis Lippman, of said
state and county respectfully shows:
First: That they desire for themselves,
and such other persons as may be ASSOC
ciated with them. to be incorporated UNI
der the corporate name and style Of:
'LIPPMAN DRUG COMPANY"
Second That the principal place of bus
mess Of said company will be in Chat
ham county, Georgia, but your petition
ers desire that said company be author
lied to do business and establish offices
and agencies elsewhere, within or with
out this state, whenever the Board of
Directors shall so determine.
Third. That the object of said corpora
ton, and the particular business it pro-
poses to carry on are as follows:
To conduct general business. wholesale
or retail, or both, in chemicals, drugs,
medicines, liquors, wines, toba COOS, iron
safes optical and surgical instruments,
fancy goods, and other articles of gen
eral merchandise Of any and all kinds
whatsoever; to manufacture and sell
chemicals, drugs, medicines and any 9TH
er articles whatsoever; TO buy and sell
personally, of any and every kind and
description, and to receive and sell the
same on commission; to conduct, publish
and sch periodicals, and generally to do
and perform all acts necessary and proper
for the carrying on, furtherance and
maintenance of said business In all it's
branches. so as to produce gain and pro-
At to its stockholders.
Fourth. That the amount of capital to
be employed by said corporation, actually
mai i'm mil he h. If
sand $4,000 dollars to be divided into
shares OF the par value OF one hundred
G100) dollars each; but your petitioners
desire that said corporation shall have the
right and power to increase said capital
stock from time TO time to any amount
not exceeding three hundred thousand
&30000O) dollars, at organization meeting
or thereafter, whenever in the opinion Of
its Board of Directors such increase may
be deemed proper. and shall also have
the right and power, whenever in the
discretion of its Board of Directors. it
shall be deemed necessary or expedient,
to decrease said capital stock, from time
to time, to any amount, which, however,
shall in no event be less than fifty thou
sand $4,000 dollars.
Fifth. Petitioners desire that sald COM
pany shall be further empowered
(a). 10 issue its capital stock in the
shape of common or preferred, or both,
giving to such preferred stock priority
over common in the distribution of pro-
fits and in the distribution OF assets in
case OF the dissolution or the winding up
of said corporation, the issuance Of such
preferred stock 10 be in such form, upon
such terms and with such powers and
privileges as may be prescribed by Faid
corporation at stockholders meeting, or in
its bylaws;
(b). To accept and receive in payment
Of subscriptions to capital stock, COM
mon or preferred, or both, realty per-
sonalty, chooses in action. money or SER
vices;
hold sell or dispose Of the stock. bonds
or obligations OF other corporations. do
mostic or foreign;
I'D. To purchase and own, lease, use or
rent any where within the limits Of the
state Of Georgia. or elsewhere, lands,
wharves, factories, buildings, franchises,
machinery. patents, patent-rigbts. copy
rights trademarks, and all rights ana
privileges Hereunder. and other real or
personal property necessary or ronven-
lent for said business: ana 10 leli mort
gage, sublet, assign. or convey the same
al will and 10 re-invest at pleasure;
(e). To borrow money and secure the
same by collateralg, personal security,
mortgage, deed or otherwise, and to issue
notes, bonds. debentures or other oblga-
lions therefor;
~. In case the stockholders desire 10
dissolve said corporation and wind W rs
business at any time, It may oe done n
an Affirmative vote OF the stockholders
ewning and holding not less than two