Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-10-19

| STATE OF GEORGIA-County of Fulton.
To the Honorable the Secretary of the
| State of Georgia
The. petition of the Trust Company of
| georgia banking corporation organized
and existing under the laws of the state
| OF Georgia and chartered by virtue of a
| special act of the general assembly of the
state of Georgia approved September 21st
1891, as amended by an act Of the general
| assembly Of the state Of Georgia ap-
proved November 18th, 1898, respectfully
shows:
! That by virtue of the provisions of sec
| IONS 22Il to 2274, both inclusive, OF the
! Code Of Georgia of 1910, said Trust com
| pany of Georgia desires to amend it's spe-
| tain provisions of the General Banking
| Act to- wit:
/. The provisions Of section 1867 of the
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 corpora ton. 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 bV the
J bylaws adopted by the stockholders. The
| Board Of Directors shall be elected by the
stockholders at such time and place and
! for such term as may be appointed by the
| bylaws"
And that 1t 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
| 3 The provisions Of section 226S of the
! Code of 1910, which section reads as fol-
| lows:
THE board of directors shall have
| power to prescribe how and in what
sums, and at what times and places any
unpaid part of the capital shall be paid
| in; and in the event any stakeholder shall
pay any call regularly made in his sub
scription to stock, the directors may d.
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 stakeholder, cause his stock
after proper public advertisement for thir-
~ days, to be put up and sold at auction
| to the highest bidder. and any deficiency
in this sum thus received, necessary Ia
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 nm.
| a new certificate Of stock shall be Issued
| to the purchaser, and he shall stand in
J the same relation TO the company as the
| delinquent would have done had he not
| go made default The sale shall be at
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, a meeting of the stockholders
! called for the special purpose by order of
! the board OF directors, of which notice
| has been given each stockholder Tor, in
case of death, to his legal representatives
! or heirs at law personally or by mall,
addressed to his last known residence,
at least thirty days previous to said spe
| Cia meeting. and such increase or de-
| crease shall be made in such manner as
| shall be determined by the meeting OF
| stockholders. ii requiring the vote of a
majority in amount of the entire capital
| stock TO authorize such increase or de-
! crease, and the manner of effecting the
| same If. at such meeting, the stock
| holders holding the majority in amount
| or 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 declara-
| ton. attached thereto as Exhibit =" a
/ copy Of the resolutions Of the board OF
directors of the Trust Company of Geor-
! gia. authorizing this application to he
| 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-
! fNing the date Of the charter of said com
/ pany, together with the date OF an amend
| ment thereto
| WHEREFORE, IT prays that this decla
| ration or petition be filed as provided by
law and that after due compliance with
! the provisions Of the law in such cases
! made and provided the charter of the