The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1916-12-28


reciting and quoting and raCs
and approving the aforesaid resolu-
ton adopted by the stockholders, pro
vided.
Resolved further that tne President
and or Treasurer be authorized and
directed to ascertain and pay all out
standing debts and obligations of the
company and that the balance of the
funds belonging to the company be
distributed pro rata among the hold
ers of the outstanding capital stock
at such times and in such proportions
as this Board Of directors shall deem
expedient, sufficient amount to DE
left in the Treasury to cover the cost
of the dissolution proceedings and IN.
come tax and such other items as, al
though not yet due will become due
and payable hereafter"
6. Petitioner believes that before
the hearing of this petition all of its
debts will have been paid, except the
expenses incident to this proceeding
and whatever amount it may be here
after ascertained petitioner will be
due the government Of the United
States under the laws thereof as in
come tax for the year 1916. Petition
er is not willing to delay it's dissolu-
ton until the amount of the income
tax which may be due can be ascer-
tanned and paid at the time fixed by
law.
Wherefore, petitioner plays:
(a) That an order be granted here
On fixing time for hearing of this
petition at the court house in Glynn
county, Georgia, as provided by law.
o. That at the hearing decree
be granted accepting the surrender Of
petitioners charter and franchise and
ordering it's dissolution.
(o) That F. d. NJ Strachan, petit
toner's president, and S. S. Rickett,
petitioners treasurer, be appointed
liquidating trustees or receivers for
petitioner, to receive, take over and
disburse among those entitled there
to as fixed by law the assets remain
ing in petitioners treasury at the
date of its dissolution, and that the ex-
press power be conferred upon said
liquidating trustees or rec sivers, or
either of them, to make and verify
as required by the laws of the United
States, in their capacity as president
or treasurer, respectively, of petition
err, an income tax return for petitioner
for the year 1916, and to do any and
all other things that may be neces-
sary or proper~'in the premises.
BENNETT, & TWITTYI REESE,
Petitioners Attorneys
GEORGIA--Glynn County.
Before the undersigned in person
appeared S. 8. Rickett who having
| been first duly sworn deposes and
says on oath: That helis Treasurer
of Pine Lumber Company. and that
he has read the foregoing petition,
and that the statements contained
| thereiI are true.
S. S RICKETT
Sworn to and subscribed before me,
this December 9Th, 1916!
DAVID Fl. POPE,
Notary Public, Glynn County, Georgia.
The foregoing petition has been
read and considered. Let the same be
filed in the Office of tfle clerk of the
| Superior Court of GlyIn County.
It is ordered that bearing on said
| petition be held at the courthouse in
said County on Bird Monday in JAN
uary, 1917, and that a cppy of the petit
| ton and of this order be published
| once a week for four weeks before the
date of hearing in the Brunswick
News, the newspaper wherein sheriff's
sales for said county are published.
This December z, 1916.
]. F. IHIGHSMITH
judge S. c. B. C.
Original filed in Office, this Deem
Der 9th, 1916.
H. r. duBIGNON,
Clerk SIJOprior Court GJvnr Cou,4,,