The Savannah morning news., 1901-02-03
ASKING A CHARTER
SAVANNAH FAIR ASSOCIATION
FILED PLEA FOR INCORPORATION.
TO HOLD THE STATE FAIR.
CAPITAL STOCK TO BE DIVIDED
INTO SHARES OF $40 EACH.

Purposes of the Association De-
Material Resources of the state OF
GeorgIa-CapitaI stock TO be $25,-
600, with Privilege of Increasing
to SIOO,0OO - Considerably More
Than the Minimum Already Sub
scribed to Fair Fund-IncOrpOra-
tors Are the Directors Already
Elected.
A petition for the Incorporation OF the
Savannah Fair Association was filed yes
terday in the office of the clerk OF the
Superior Court. This is the association
which will control the State Fair next
fall.
The capital stock is to be $4,000, divided
into shares of $40 each, but the petition
ers ask the privilege OF Increasing this
amount to 100000 at any time, in the dis
erection of the board of directors.
The objects OF the association are stated
TO be to develop the material resources
Of the state. by giving special encourage
ment TO its agricultural, mechanical aud
manufacturing interests. The petition
ers ask the privilege of purchasing and
owning real and personal property, of
making bylaws not Inconsistent with the
laws Of the state and the usual incidental
privileges of corpora tons under the sta te
laws. Stockholders, who have paid their
assessments In full are not to be liable
FOR the debts of the corporation.
TIL, George w. Tiedeman. Leopold Adler,
John R. Young, G. M Ryals, George w.
Owens, l. A. Solomons, W. NJ. Dixon and
A B. Moore. These are the directors re-
Gently elected by the contributors to the
fair fund.
1t is worthy of note that an amount
considerably in excess of the minimum
capital stock of the association has al
ready been subscribed, and that one of
the first acts of it's board of directors,
after its charter has been secured and
the organization meeting held, will prob
ably be to increase the capital stock to a
larger amount.
Under the law it is necessary TO ad-
vertise an application for such a char
ter as the Savannah Fair Association de-
sires to have granted it once a week for
four weeks so that it will be along about
the first of March before the association
can organize and proceed actively with
it's work of securing the necessary
grounds for holding the fair.
The filing of the petition for lncorpora-
ton is one indica ton of the activity that
is possessing and controlling those behind
the movement. Everybody connected
with the enterprise is bending every en-
ergy toward making the next State Far
the most successful in the history of these
fairs In Georgia.
The associate n is to be incorporated
for term of years. so that the hold .ng
of the State Fair of this year will not
exhaust its potentialities nor end its ex-
istence. 1t Is contemplated that there will
be a series of fairs or race meetings every
year and that the money put in the en-
terprse will be making a profit every
year.
This will end the objections Of those
who did not care to invest largely in
something that would die a natural death
at the end of year and afforded every
reasonable guarantee that all the money
invested will be repaid in full and with
good interest. The petitioners in the APP
plication for incorpora ion are represent
ed by Messrs. George w. Owens and S.
l.. Lazaron.