The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1920-05-22
PETITION TO DISSOLVE CHARTER
Georgia, Glynn County.
To Superior Court of said County:


| To Superior Court of said County:
The petition of Manufacturers Tim.
Der Company respectfully shows:
L. Petitioner was :ncorporat-
| ed under charter granted by this
Honorable Court on December IS.
i 1912.
2,-Petitioner has recently sold its
entire assets and has paid all of It's
debt and has made distribution among
f., 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 q meeting OF petitioners STOCK
olders held November %. 1919, call
ed among other things for the pur-
pose of considering and taking &C.
{ ton looking to its dissolution by Il
! Gulresder of its charter and fran
chise as provided by law, at which all
OF its stockholders were present in
Deron or represented By proxy. a reso
luton was adopted as follows, to-wit:
WHEREAS, in view of the actions
this day authorized the company will
sell all Of its property and has effect
ed a liquidation of its affairs, except
Paul M. Lang in the purchase by him
/ heretofore authorized, and when
these things are satisfactorily ar
iranged there will be no further reason
flor the Company to remain in exist.
lence:
I NOW BE 1T RESOLVED. that up.
ION these things being done the com.
pany are authorized and directed to
DO all things necessary to consum-
hate this end, including making APP.
Plication to the Superior Court of
Aflynn County, Georgia, for such sur
FENDER
5.-And at meeting Of petitioners
Board Of Directors held the same
ylate a resolution was adopted ratify-
Ing and approving all acts and things
Eone at the aforesaid M citing OF the
ttockholders including the action
Ihown by the resolution set out In the
preceding paragraph
r 6.-At the time Of the aforesaid cor
Iorate action petitioners state ana
q ounty taxes for the year 1919 had
nj OF been paid and its income tax to
n he United States had not been paid.
W hese as well as all otker obligations
END debts of petitioner have now been
oIaid except note of petitioner to E.
r. Hodges for $1,000 and a note to
Hrs. Albert M. Lochliear for 5000,
nd these notes have been assumed
md will be paid off by Paul NJ Lang
md the holders thereof have agreed
b look to said Lang for payment, ana
b relieve petitioner Of liability there
Hnder.
WHEREFORE, petitioner prays:
l (a) That an order be granted there
In fixing a hearing of this petition at
be courthouse in Glynn County as
Provided by law.
E(b) And that at the hearing decree
se granted accepting the surrender OF |
Petitioners charter and authorizing |
Ind ordering its dissolution.
1 BENNETT. TWITTY & REESE.
Petitioners Attorneys.
GEORGIA. GLYNN COUNTY. /
j Before the undersigned in person i
appeared S. X Brown, who having
seen first duly sworn deposes and
lays on oath that he is president o;
Manufacturer Timber rompany and
kat the allegations contained in the
foregoing petition are true.
S. X. BROWN,
Sown to and subscribed before me
his 81 day of April. 1920
Il DAVID H. POPE,
Notary Public, Glynn County, Ga.
| The foregoing petition read and
considered.
Let the same be filed in the office
III the clerk of the Superior court o;
Flynn county.
Il It is ordered that rhe hearing on
laid petition be held at the court
house in said county on the fourth
Monday in May. 1920, or at such time
hereafter as the hearing may then
be continued to. and that copy of
he petition and of this order be pub
Sshed once week for four weeks be.
bre the deate Of hearing in the
Brunswick News. the newspaper
herein sheriffs sales for said coun
l are publihed. II
Efhis April 9th, 1920. II
III TIP HJGHSMITH III