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
under the name and style Of
MORTGAGE SECURITY COMPANY
for a period Of twenty 900 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 TO estab-
fish branch offices at other points with
in the State Of Georgia, or elsewhere.
III. The object of said corporation is
pecunlary gain to itself and stockhold-
ers.
". The business to be carried on by
the said corporation Is that of lending
money secured by mortgages or deeds
TO real estate, or unsecured; buying and
selling 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 ano
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.
for such services.
OBJ To buy and sell mortg cages, mort
gage notes and notes secured by Sc
curity deeds or otherwise, and notes IN
(cJ To buy and sell purchase money
notes, stocks, bonds, chooses in action,
and any other form Of security.
Id 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 OF persons in respect to any
of the powers herein prayed for itself
V. Petitioners further desire the
right to borrow money, to issue its
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 capitaa stock OF said corpo-
ration shall be twenty-five Thousand
1875. OOO) dollars. with the privilege Of
increasing the same from time to time
to an amount not exceeding in the ag-
thousand (s25O, OOO) dollars; said in
crease In stock to be made
upon a majority vote OF the stock
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
VII Petitioners show that at least 70
GO) 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
to have the subscriptions to said capt
tai stock paid either in money or prop
erty to be taken At a fair and reason
VIII Petitioners desire the right 70
sue and be sued; to plead and be Inn
pleaded: 10 have and use common SEAL
to make all necessary bylaws and reg
ulations, and to do all other things that
may be necessary for the successful con-
duct OF It's said business as hereinbs-
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
tons, or such as may hereafter be al
lowed by law. subject in all respects TO
such limitations and restrictions as are
TX. They desire for said corporation
power and authority to apply for and
either form or substance, by a vote
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 bust
ness at any time it may determine so
to do upon a vote of a majority of
its stock outstanding at the time.
WHEREFORE, petitioners pray to be
aforesaid, with the powers, privileges
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
| BROWN & RANDOLPH, PARKER
g. SCOTT
Petitioners Attorneys.
Filed in office, this the Sd day OF
! July. 1913
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 I'm this office
Witness my official signature and the
seal OF said court this the Sd day of
July. 1913.
Clerk Superior Court, Fulton County.
Ga. 7.7s26