The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-16
PETITION FoR INCORPORATIoN.

STATE OF georgia, CH4IHAM
COUNTY.-To the Superior Court of said
County:
The petition of Lawrence Lppman, 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 I'M
Ger 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 gem
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 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, SO as to produce gain and pro-
fit to its 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
$500 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
$500 COO 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 ($5O00O dollars.
Fifth Petitioners desire that said CON-
pany shall be further empowered:
(a) To issue its capital stock in the
shane 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 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;
fd) 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-rlsnts, copy
rights trademarks, and all rights ana
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
a. will and to re-invest at pleasure;
(el. To borrow money and secure the
same bv eollaterals personal security,
mortgage, deed or otherwise, and to issue
notes. bonds, debentures or other obliga-
tions therefor;
m. In case the stockholders desire 10
dissolve said corporation and wind up its
business at any time, it 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 ex7
erclse 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 Ia
HE for the debts of said corporation.
Wherefore petitioners pray that they
and their associates may be Incorporated,
Tor the purposes aforesaid, under said cor
norate name. with all the powers afore-
said. for and during the term Of twenty
C2M years, with the privilege of renewal
AZ the expiration Of that time
GARRARD & MELDRIM,
Attorneys for Petitioners.
true copy Of original, filed IN office
This 18th day Of May, 1901.
JAMES X. p. CARR, Clerk $. c., c. C.,