Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-11-04
Legal Notices.

Code of 1910, as amended by act Of the
general assembly of the state of Georgia
approved August 18th, 1912, which section
as amended reads as follows:
The business of the Corporation shall
be under the management and control of
a Board of Directors to consist of not less
than three nor more than twenty-five
members of the corporation, who must be
the owners and holders OF one or more
shares of the capital stock in good faith
The Board of Directors shall exercise only
such powers as may be legally delegated
TO them by the stockholders or by the
bylaws adopted by the stockholders The
Board of Directors shall be elected by the
stockholders at such time and placa and
for such term as may be appointed by the
bylaws"
And that it shall be within the right
and power OF the stockholders of said
Company to fix the number of directors
from time to time within the minimum
and maximum numbers named in said
enactment so proposed TO be incorporated
as an amendment to the charter Of said
Company
2. The provisions of section 1858 Of the
Code Of 1910. which section reads as fol-
lows:
The board OF directors shall have
sums, and at what times and places any
unpaid part Of the capital shall be pail
in; and in the event any stockholder shall
fail or make default for sixty days TO
pay any call regularly made in his sub
rect suit to be brought against him forth
with for the amount of such call or may
in their discretion, after thirty days no
tice to such stoc6holder, cause his stock
after proper public advertisement for thir-
ty days. to be put up and sold at auction
to the highest bidder, and any deficiency
in this sum thus received, necessary To
make the amount of the call, shall be
made good by the delinquent. Any sur
plus over the amount of the call and the
expenses OF the sale shall be paid to him.
A new certificate of stock shall be issued
to the purchaser, and he shall stand in
the same relation to the company as the
delinquent would have done had he not
so made default The sale shall be a
the court house door in the county where
said company is located The capital stock
Of the corporation may be increased to
such amount as may be desired by the
stockholders, or it may be decreased to a
sum not less than twenty five thousand
dollars. at a meeting of the stockholders
called for the special purpose by order CT
the board of directors. OF which notice
has been given each stockholder or. in
case Of death. to his legal representa- tives
addressed to his last known residence,
al least thirty days previous to said sne
cial meeting, and such increase or de-
crease shall be made in such manner as
shall be determined by the meeting OF
stockholders, 1t requiring the vote of 4
majority in amount of the entire capital
stock to authorize such increase or de
crease, and the manner of effectng the
same. II, at such meeting, the stock
holders holding the majority in amount
OF the capital stock vote for such in
crease or decrease, the proceedings OF
the meeting must be reduced to writing
and entered upon the books or minutes OF
the corporation, and copy thereof veri-
fed by the president or cashier, shall be
filed and recorded in the office OF the sec
rotary of state, and when so filed and
recorded shall become an amendment to
said charter, and a certified copy thereof
shall be evidence Of all facts therein con
tanned In all courts Of this state, without
further proof"
That there accompanies this declsra-
tion, attached thereto as Exhibit l..
copy OF the resolutions of the board OF
directors of the Trust Company of Geor-
gia, authorizing this application to be
made. certified to be such by the sec
rotary thereof under the seal OF the COM
pany. together with statement contained
in the certificate of said secretary speci-
flying the date Of the charter OF said com
pany, together with the date OF an amend
WHEREFORE, It prays that this decls-
ration or petition be fled as provided by
law. and that after due compliance with
made and provided the charter of the
Trust Company Of Georgia be amended
so as to incorporate therein the provisions
Of the General Banking Law hereinbefore
WITNESS the signature Of the presi-
dent and the corporate
(Sesu this the 10th day Of Oc-
e. WooDRUFF,
WHEREAS, 1t is deemed desirable BY
the board OF directors of the Trust Com
pany of Georgia that it's charter be
the 80 es be- Of the board n Of
directors, and (2) TO have the right and
power to increase or decrease its capital
stock as its stockholders may determine
upon; and
WHEREAS, this company was inoorpo-
rated under a special act Of the general
proved September 2ist 1891. which act OF
Incorporation was amended by an act of
the general assembly Of the state OF Geor-
ga approved November 18TH 1898; and
WHEREAS, it is necessary in order to
accomplish the purpose hereinbefore SET
forth to procure an amendment OF the
corporated therein these provisions OF the
General Banking Laws providing for the
number OF directors which such a cor
poration may have and providing for the
thereof
BE TT THEREFORE, RESOLVED that
is hereby authorized to make and Ale in
the office OF the secretary of state Of the
state of Georgia declaration II writing
signed by said president and given I'M
and designating section 1881 and the
amendment thereto and section 226s OF the
General Banking Laws which this com
ter ~ ''''O - o'-"
a
l, John 3 Wheat, secretary OF the Trust
Company OF Georgia, do hereby certify
that the foregoing is a true and correct
copy, Of resolution adopted by the board
OF directors Of the Trust Company OF
Georgia at meeting regularly called and
held in accordance with the provisions OF
its bylaws. on the Sth day OF october
1872.
do further certify that the original
charter of the Trust Company of Geor-
gia was by act. OF the general assembly
Of the state Of Georgia approved Sep
TENDER 21st. 1891, and that this was
amended by an act Of the general assem-
November 18th, 1898. said company be-
ing originally incorporated under the
name OF the Commercial Travellers Saw
ngs Bank and the amendment OF the
charter above referred TO having among
other things. changed Its name to Trust
Company Of Georgia.
Witness my signature and the seal Of
said corporation this 9Th
(SeaD day of October. 1912
JOHN L. WHEAT,
Secretary
STATE OF GEORGIA-Offce Of Secre-
tary % State.