The Savannah morning news., 1901-06-06
PETITION ron INCORPORATION.


STATE OF GEORGIA, CHATHAM
COUNTY. TO the Superior Court of said
County:
The petition of Lawrence Lippmau, 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 asso-
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, tobaccos, iron
safes, optical and surgical instruments.
fancy goods, and other articles Of gen
eral merchandise of any and adj kinds
whatsoever; to manufacture and sell
chemicals, drugs, medicines, and any 9TH
err articles whatsoever; TO buy and sell
description, and to receive and sell the
same on commission; to conduct publish
and sell periodicals, and generally to do
and perform all acts necessary and proper
for the carrying on. furtherance and
maintenance of said business In all Its
branches. SOFAS to produce gain and pro-
At to it's stockholders.
Fourth. That the amount of capital to
be employed by said corporation, actually
paid in, will be the sum of fifty thou
sand $4,000 dollars to be divided into
shares of the par value Of one hundred
(Sl0O) dollars each: but your petitioners
desire that said corporation shall have the
right and power to increase said capital
stock from time 10 time to any amount
not exceeding three hundred thousand
($300O00 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 it's 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 tnou-
sand ($50,0O0) dollars.
Fifth. Petitioners desire that said COM
pany shall be further empowered:
(a). To 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-
fts, and in the distribution OF assets in
case of the dissolution or the winding up
of said corporation, the issuance of such
preferred stock to be in such form, upon
such terms and with such powers and
privileges as may be prescribed by said
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;
(c) To subscribe for, purchase, own.
hold sell or dispose OF the stock, bonds
or obligations of other corporations, do
nestle or foreign;
(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-rights, copy
rights trademarks. aud all rights and
privileges Hereunder, and other real or
personal property necessary or conven-
lent for said business and to cell mort
gage, sublet. assign, or convey the same
at will, and to re-invest at pleasure;
(e) To borrow money and secure the
same by collaterals, personal security.
HOTtkdKe, QGtu OF OlntTNtSts anu W lot1o
notes, bonds, debentures or other obliga-
tions therefor;
%. In case the stockholders desire to
dissolve said corporation and wind up it's
business at any time. 1t may be done en-
an affirmative vote OF the stockholders
owning and holding not less than two
thirds of the capital stock:
(g). Generally, TO have. enjoy and ex-
ercise the corporate powers, rights and
privileges incident to corporations under
the laws Of Georgia.
Stockholders who have paid their stock
subscriptions In full. to be In no wise La
BILE for the debts OF said corporation.
Wherefore petitioners pray that they
and their associates may be Incorporated,
for the purposes aforesaid. under said cor
porate name, with all the powers afore-
said, for and during the term OF twenty
(20 years with the privilege of renewal
at the expiration of that time.
GARRARD & MELDRIM,
Attorneys for Petitioners.
A true copy OF original. filed n Office
this 18th day Of May. 1901.
JAMES X. p. CARR. Clerk s. c., c. c.,
Ga.