The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-05
PETITIONS FOR 1NooRPoR.r,ov

county. To the Superior Court of said
county. The petition of Herman
Myers, w. w. Mackall, George ]. Ra1d
win, John Flannery, ]. H. Estill and
P. Williams, all of said county an5
state respectfully shows
l. That your petitioners desire for
themselves, and for such other persoos
as may hereafter be associated wifi
them, to be Incorporated under tba
laws of the state of Georgia as a hod1,
polite and corporate under the name
of Savannah Dry Dock and Shin
Building Company
2. The principal place of business Of
said corporation will be in the county,
of Chatham and state of Georgia: bn+
said corporation desires the right 70
establish and conduct branch offices in
such other places in the state of Geor-
gia and in the United States as its
board of directors may from time to
time deem proper
3. The said corporation shall exist
for the period of twenty years from,
the date of its Incorporation, and shall
have the privilege of renewal at the
expiration of said period.
4. The object of their association is
for business purposes, and the partic-
ular business they propose to carry on
is the following, to wit:
steamships. ships and vessels and Other
water craft of every description; and
to receive, purchase, own, build, con-
Struct, repair, erect or otherwise ac-
quire and to maintain and operate drv
docks, marine railways, foundries.
workshops and all other buildings. ma
chinery and plants requisite, adapted.
or suitable to the purposes aforesaid.
OBJ To do a general stevedorine
business, and to own and operate the
necessary tools, appliances and con-
trivances for carrying on the same.
(c) To do a general business in
warehoustng and storing ships cargoes
and all other goods, wares, merchan-
disc, commodities or articles of every
kind, and to purchase, own, lease, build
or otherwise acquire and to maintain
and operate wharves, warehouses.
storage houses and lands therefor.
(d) To purchase or otherwise re-
ceiVe and acquire, and to own. i'm
prove, use, control and occupy all such
real estate, and leasehold estate. and
lands and water rights, and such
buildings, Improvements and other
premises as may be found necessary or
convenient to transact or facilitate it's
business, and to sell, let or underlet.
improve, repair, or alter the same.
and also to purchase or otherwise ac-
quire all such machinery, tools, imple-
ments, utensils, appliances, contriv-
ances and other property of every kind
necessary or suitable for it's business
and to sell or otherwise dispose of the
same at it's pleasure; and generally to
conduct and manage its business in its
different departments and details by
all lawful ways and means it may
deem necessary, advisable or eXpedient
for the success of the business.
5. The said corporation shall have
the following powers, to-wit:
(a) The right and authority to en-
ter into contracts, and generally to do
and perform all acts and things Incl
dent to the objects and business of said
corporation as hereinbefore set forth;
to have a corporate seal; to- sue and be
sued in its corporate name and ca
pacity; to make bylaws, not inconsist-
ent with law, and to prescribe therein
the place or places where the stock
holders and directors may respectively
hold their meetings, either within or
without this state; and to provide for
the directors and officers of said cor
poration, their number, qualification,
titles and terms of office
OBJ The right and authority to bor-
row money or incur debts and to evil
dence its Indebtedness by coupon bonds
on other obligations in writing, and to
secure the same by deeds of trust or
mortgages to and on all it's properties
and franchises or any part thereof.
(c) The right and authority to buy,
sell, and own stocks, bonds and other
securities or obligations whether nat
lonal, state, county, municipal or Of
other corporations.
cd The right and authority to sell.
lease, assign, transfer and convey its
capital stock, property and franchises
TO or to consolidate the same with
those of any other corporation charter
ed for similar or kindred purposes; or
TO purchase, lease, consolidate with,
absorb and merge into itself the capi-
tai STOCK property and franchises of
any other such corporation; and to is
sue and use it's bonds and stock for
the purpose of paying or exchanging
the same for, or retiring any bonds or
stock issued by it or such other com
pany so merged, purchased or CONSOLE
dated with, to such amount as may be
authorized by it's charter or any
amendment thereof and to secure the
same, IN case of bonds, by a mortgage
OF deed OF trust upon the entire prop
critics and franchises so merged or con-
solldated or any part thereof
(e) The right and authority to exer-
else and enjoy, in addition to the
f'O'oAS AASi CAiDOIOlS set out, all OIH6f
powers and privileges incident to pri-
vate corporations for business purposes
as are prescribed by the laws of Geor-
gia.
6. The amount of capital to be en-
ployed by said corporation actually
paid in shall be the sum of six hun
dred thousand dollars divided into
shares of one hundred dollars each, of
which three hundred thousand dollars
shall be common stock, and
three hundred thousand dollars
small be preferred stock bear
ing six per cent. annual accuunu-
latlVe, dividends that is no dividend
can be declared and paid on the COM
mon stock until all accrued dividends
on the preferred stock shall have first
peen paid. The subscriptions to said
capital stock may be made and may
be received by said corporation either
IN money, labor services or property.
Z. In addition to all the powers,
hereinbefore, mentioned, necessary or
incident to the carrying out of the OBJ
Jects above enumerated, the petition
ers desire that said corporation shall
nave the following special powers. to-
wit: The right and authority from
time to time by a majority vote of the
stockholders to increase the amount of
said capital stock both common and
preferred to any amount not exceeding
one million dollars, apportioned equally
between said common and said prefer
red stock; and in like manner to de-
crease its capita1 Stonly fy-oy,, tina RI