The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-06-03
PETITION OF INCORPORATION

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State of Georgia, Chatham County
To the Superior Court of said count,
The petition of G. H. Chasmar. s r
King and John H. French respectfully
shows:
First. That they desire, for them
selves, their associates. successors and
assigns to become incorporated. under
the name of THE CHASMAR- KING
SUPPLY COMPANY.
Second. They ask to be Incorporated
for a period of twenty years, with tho
privilege of renewal at the end of said
time.
Third. That the object of the nro-
posed corporation is pecuniary gain
and profit to it's stockholders.
Fourth. That the particular business
which your petitioners propose TO carry
on is: The manufacturing and iobbing
of sanitary plumbing goods, and sun.
plies for steam, water and gas Also
mining and mill supplies and hardware
Fifth. That the capital stock of said
corporation shall be one hundred thou
sand dollars, with the privilege of in
creasing said capital stock from time to
time to two hundred thousand dollars,
and to decrease said capital stock SINH
larly from time to time not below the
sum of fifty thousand dollars Said
capital stock to be divided into shares
of the par value of one hundred dol
lars Said capital stock to consist Of
two classes of stock, known as pre-
ferred and common stock, in the pro-
portion of forty thousand dollars of pre-
ferred stock and sixty thousand dollars
of common stock, only the common
stock to be entitled to a vote at the
meeting of the stockholders of said
company, each share of common stock
to be entitled to one vote at said meet
ings. Over forty per cent. of the capt.
tai stock of said company has been
paid to your petitioners.
Sixth. That the principal place of
business of said corporation will be in
Chatham county, Georgia, but your pc
titioners desire that said corporation
shall be authorized to do business and
establish branch offices in any other
place in the state of Georgia or in the
United States, whenever il shall be
deemed advisable by its board of di-
rectorS.
Seventh. Petitioners pray for cor
porate power and authority to make
and carry out all contracts of any kind
whatever, necessary to the proper man
agement and operation of it's business,
including the power to borrow money,
to make promissory notes, bonds or
other written obligations therefor and
to secure the same by deed or mort
gage, to sue and be sued by their cor
porate name, to extend credit, to re-
ceive all kinds and classes of security
given to them in the course of trade,
to buy and sell and lease both real
and personal property as it may need
or desire for the transaction of its
business, to have a corporate seal, TO
adopt and enforce such rules, bye
laws and regulations as may be neces-
sary to properly conduct their business
and which will not be inconsistent with
the laws of the state; to receive mon
ey or property, real or personal, in
payment for stock in said corporation
and to issue stock therefor, either COM
mon or preferred. Stockholders who
have paid for their stock in full to be
in no wise liable for the debts of said
corporation.
Eighth. Petitioners pray that this
petition for a charter be filed and re-
corded in compliance with the laws Of
Georgia, and that this Honorable
Court pass an order declaring this APP
plication granted incorporating petit
TONERS and their successors and asso-
ciates for the term of twenty years
and with the powers and privileges
heretofore prayed for and with such
other powers as are necessary and in
cident to conduct the business named
as delegated by law to corporations IN
the state of Georgia. And petitioners
Will ever pray, etc.
w. H. WADE.
Petitioners Attorney.
Original filed in office, May 26, 1904.
JAMES L. MURPHY.
Dep. Clerk S. c. G. c. Ga.