Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-14

RANDOLPH and r. S. PARKER, an
Of said State and county, respectively
shows:
I. That they desire for themselves
their associates and successors, to be
incorporated and made a body polite
MORTGAGE SECURITY COMPANY
for a period Of twenty (20) years, with
the privilege OF renewal at the expi-
ration Of that time.
II. The principal office Of said com
pany will be located in the City Of At
lanta, State and county aforesaid. but
petitioners desire the right 10 estab-
lish branch offices at other points with
In the State Of Georgia, or elsewhere.
III. The object Of said corporation -
pecunlary gain to itself and stockhold-
". The business to be carried on by
the said corporation is that of lending
money secured by mort ga ges or deeds
| to real estate, or unsecured buying and
seillng all species of property, real and
personal; dealing generally in stocks,
! bonds, notes, chooses in action and other
securities; acting as broker or agent in
the lending or borrowing Of moneys and
the purchase or sale Of stocks. bonds
notes or other things of value And pc
titiOners desire that said corporation
shall have the right TO engage in the
following lines of business, to-wit:
(a) To lend money belonging to IT.
self or others, charging commissions
for such services.
tb) To buy and sell mortgages. mort
gage notes and notes secured by Sc
curity deeds or otherwise, and notes I'M
secured
(cl To buy and sell purchase money
/ notes stocks, bonds, chooses in action,
and any other form Of security.
! I'D To buy, sell, rent improve, sub
/ divide. lease or suitcase real estate,
or any interest therein.
te) To act as agent or broker for
any person or persons in respect to any
Of the powers herein prayed for itself.
V. Petitioners further desire the
| right to borrow money, to issue It's
bonds or notes in evidence thereof. and
to secure the same by mortgage, deed
of trust, or in any other way known
to the law.
vi The capitaI stock OF said oorpo-
ration shall be twenty five thousand
| (S25,0o0l dollars, with the privilege Of
! increasing the same from time to time
| to an amount not exceeding in the ag-
gregate two hundred and fifty
thousand s250, 0O0l dollars; said in
u upon a majority Sy'N vote " Of tn. stool
| outstanding at the time The said cap
ital stock is to be divided into shares
of the par value OF one hundred $1,000
dollars each, and petitioners desire the
right to issue both commend and prefer
| red stock, at the option Of the stockhold-
ers and in such proportions and on such
terms as the stockholders may deter
mine.
VII Petitioners show that at least 10
! G0) per cent Of the amount of the
| capital TO be employed by them will be
/ actually paid in before business Is COM
menced. and petitioners desire the right
| 10 have the subscriptions TO said capt.
! tai stock paid either in money or prop
erty to be taken at a fair and reason
able valuation.
VIII Petitioners desire the right 10
sua and be sued; to plead and be Inn
pleaded TO have and use common seali
| to make all necessary bylaws and reg
ulations, and to do all other things that
may be necessary for the successful con-
duct Of its said business as hereinbe-
fore defined, together with the right TO
enjoy all other privileges, rights and
immunities given under the laws Of the
State Of Georgia TO similar corpora
tions. or such as may hereafter be al
lowed by law, subject in all respects to
| such limitations and restrictions Is are
fixed by law,
TX. They desire for said corporation
power and authority to apply for and
accept amendments 10 its charter, Of
/ OF a majority Of the stock outstanding
at the time They also ask authority
for said corporation to wind up its af-
fairs, liquidate and discontinue its busi-
ness at any time IL may determine so
10 do upon a vote OF a majority OF
It's stock outstanding at the time
WHEREFORE. petitioners pray to be
Incorporated under the name and style
and immunities herein set forth and
| such as are now or may hereafter be
allowed a corporation Of a similar char
acter under the laws of the State Of
Georgia,
BROWN & RANDOLPH. PARKER
& SCOTT
Petitioners Attorneys.
Filed IN ofrice, this the 3D. day of
July, 1918
ARNOLD BROYLEs. Clerk
STATE OF GEORGIA.. County OF Full
! ton
! I. ARNOLD BROYLES, Clerk Of the
| Superior Court of said county. do here
| by certify that the foregoing is a true
and correct copy Of the application for
| charter in the matter Of Mortgage Sc
curity Company, as the same appears
! Of file in this office
| Witness my official signature and the
! seal of said court, this the Sd day of
| July, 1918. -
! ARNOLD BROYLES,