The Marietta journal and courier. (Marietta, Ga.) 1909-1918, 1909-11-26
APPLICATION FOR CHARTER.
.EORGIA. CODE COUNTY.

To the superior Court OF said County:
The petition of J. d. Sessions, G. H.
Sessions, and Moultrie NJ. Sessions, OF
Cobb County Georgia, respectfully
shows:
First. They desire for themselves,
their associates and successors to be
Incorporated and made body polite
under the name and style of THE
SOUTHERN LOAN AND INVEST
MENT COMPANY, for a period of
twenty COO years.
Second. The principal offices of
said Company shall be in the City Of
Marietta, State and County aforesaid.
Petitioners desire the right to estab-
lish branch Offices in this or any 9TH
err State.
Third. The object of said corpora
tion is pecuniary gain for itself and
shareholders.
Fourth. The capital stock of said
corporation to be Fifty Thousand DOL
lars $3.50, 100000 with the privilege of
increasing same in different amounts
at different times not to exceed the sum
OF Three Hundred Thousand Dollars
($3OO. 100000 such increase to be
made by majority vote of the stock
holders. Said stock to be divided
into shares of One Hundred Dollars
($100.00) each. Petitioners desire the
right to have such subscriptions of
capital stock to be paid in money,
notes, bonds, stocks, abstract books,
nrfu of N Cot, 1Vo
Petitioners desire the right to com
mence business with 10 per cent of
the capital stock, which amount has
actually been paid in.
Fifth. Petitioners further desire
the right to issue Preferred Stock
from time to time, not exceeding One
Hundred Thousand Dollars ($100,-
100000. Such preferred stock to be
issued upon majority vote of all the
common stock, upon such terms and
limitations thereof as may be fixed
in the resolution authorizing the is
suance of such Preferred Stock. Said
corporation may, if it see fit, make
classes of such Preferred Stock. Said
corporation may provide for retiring
said Preferred Stock in the resolu-
ton creating the same.
Sixth. The business to be carried
on by said corporation described in
the following paragraphs:
/. To issue shares stock, deben
lures, debenture stocks, bonds, and
other obligations; to invest the mon
ey so obtained in and to hold, sell and
deal with stock, shares, bonds, de-
bentures, debenture stocks, and Sc
curities of any government, state cor
poration, public or private, or .ther
body or authority; to vary the invest
ments of the company, to mortgage
or charge all or any part of the prop
erty and rights of the company, in
Guiding its uncalled capital to make
advances upon, hold in trust, issue on
commission, sell or dispose of any of
the investments aforesaid, or to act
as agent for any of the above or the
like purposes.
2 To the same extent as natural
persons might or could do to purchase
or otherwise acquire to hold, own,
maintain, work, develop, sell, convey,
mortgage, or otherwise dispose Of
without limit as to amount, within or
without the State of Georgia, and in
any part of the world, real estate and
real property.
3. Especially to carry on the bust
ness of a regular loan company, max
ing loans on real estate, taking deed
for securing money advanced, charg-
ing commissions therefor and to pro-
f, cure the money for such borrowers,
without delay, to take the deed in the
name of said corporation for amount
so advanced. Said corporation having
the right to convey said loan, notes,
| and deeds to the party or corpora
ton advancing money for said loans.
4. Also to have the right and pow
er to act as trustee for public or
private corporations, estates, minors,
and to act as administrator, executor,
or guardian, and to act as registrar
for any corporation, charging compen-
sation or commission as the case may
be, for such.
5. Also to own make and keep up
books of abstracts of this or any 9th
er County to make abstracts for the
public generally, having the right to
guarantee titles to any property on
such terms and regulations as said
corporation may deem desirable.
Seventh. Petitioners desire the
right to sue and be sued, plead and be
| implicated, to have and use common
seal to make and execute bylaws and
regulations, do all and other things
that may be necessary for the sue
cessful carrying on of said business,
more fully described in the above par
agraphs and they desire for the pow
er and authority to apply for amend
ments to this charter by vote of the
majority.of the stock outstanding at
the time. Also they ask for the priv
ilege OF winding up its affairs, liqui-
date and discontinue this business any