The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1920-05-11
PETITION TO DISSOLVE CHARTER


To Superior Court of said County:
The petition of Manufacturers Tim.
Der Company respectfully shows:
l. - Petitioner was incorporat-
ed under charter granted by this
Honorable Court on December 16.
1912.
2,-Petitioner has recently sold its
entire assets and has paid all of its
debt and has made distribution among
it stockholders.
3-The capital stock of petitioner
issued and outstanding is One Hun.
dred shares of the par value of 500
EACH and all of which have shared
pro rata in the distribution of it's
assets.
AT meeting of petitioners stock
olders held November 20, 1919. call
ed among other things for the pur
pose of considering and taking &C
ton looking to its dissolution by a
surlesder of it's charter and fran
chise as provided by law. at which all
of its stockholders were present in
peron or represented by proxy. reso-
luton was adopted as follows, to-wit:
WHEREAS, in view of the actions
this day authorized the company will
sell all OF it's property and has effect
ed a liquidation of its affairs, except
Paul NJ. Lang in the purchase by him
heretofore authorized, and when
these things are satisfactorily ar
ranged there will be no further reason
for the Company to remain in exist
ence:
NOW BE 1T RESOLVED. that up
on these things being done the com
pany are authorized and directed to
do all things necessary to eonsum
mate this end. including making ap-
blieation to the Superior Court of
Glynn County, Georgia. for such sur
GENDER ;, n
5.-And at a meeting of petitioners
Board of Directors held the same
date resolution was adopted ratify-
ing and approving all acts and things
done sat the aforesaid M citing OF the
stockholders including the action
shown by the resolution set ont in tie
preceding paragraph.
: 6,-At the time of the aforesaid cor
porate action petitioners state ana
county taxes for the year 1919 had
not been paid and it's income tax toll
the United States had not been paid. |
These as well as all other obligations
and debts of petitioner have now, been
paid except note Of petitioner to E. |
c. Hodges for $1,000 and note to |
Mrs Albert nj. Lochliear for 5000. |
and these notes have been assumed |
and will be paid off by Paul M. Lang !
and the holders thereof have agreetl /;
to look to said Lang for payment, and |
to relieve petitioner of liability there I
under.
WHEREFORE, petitioner prays:
(a) That an order be granted there |
on fixing a hearing of this petition at !
the courthouse in Glynn County as !
provided by law.
tb) And that at the hearing decree
be granted accepting the surrender OF
petitioners charter and authorizing
and ordering its dissolution.
BENNETT, TWITTY & REESE.
Petitioners Attorneys
GEORGIA, GLYNN COUNTY.
Before the undersigned in person
appeared S. X Brown, who having
been first duly sworn deposes and
says on oath that he is president OF
Manufacturer Timber rompany and
that the allegations contained in the |
aforegoing petition are true.
S. K BROWN.
Sown to and subscribed before me |
this 81 day of April, 1920.
DAVID II. POPE,
Notary Public. Glynn County. Ga.
The foregoing petition read and
Let the same be filed in the office
OF the clerk of the Superior court Oh
Glynn county.
1t is ordered that the hearing on
said petition be held at the court
house in said county on the fourth
Monday in May, 1920, or at such time
thereafter as the hearing may then
be continued to, and that a copy of
the petition and of this order be pub
lished once week for four weeks be-
fore the deate of hearing in the
Brunswick News, the newspaper
wherein sheriff's sales for said coun
ty are publihed.
This April 9th, 1920.
J. P. HIGHSMITH,