The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1920-05-21
PETITION TO DISSOLVE CHARTER

NN-f
The petition Of Manufacturers Tim.
Der Company respectfully shows:
l. Petitioner was ,ncorporat-
ed under charter granted by TINS
Honorable Court on December t6,
1912.
2, Petitioner has recently sold It's |
entire assets and has paid all of its !
debt and has made distribution among
I stockholders.
- he 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 its /
assets
AT meeting OF petitioners stock !
olders held November 28, 1919, cali |
ed among other things for the pur
pose of considering and taking ac /
lion looking to its dissolution by
;ulresder Of its charter and fran
.hise as provided by lay, at which all !
I its stockholders were present in
-eron or represented b. proxy, a reso-
:tion was adopted as follows. to-Wit |
WHEREAS, in view of the actions
this day authorized the company will
ell all Of its property and has effect
ID a liquidation Of its affairs. except
'aul M. Lang in the purchase by him
heretofore authorized, and when
these things are satisfactorily ar
'anged there will be no further reason
or the Company to remain in exist.
nee:
NOW BE 1T RESOLVED that up
IN these things being done the corr
jany are authorized and directed to
10 all things necessary to consun
nate this end, including making ap
llication to the Superior Court OF
flynn County, Georgia, for such sur
Gender"
5.-Anf at meeting Of petitioners
Board of. Directors held the same
late resolution was adopted ratfy
ing and approving all acts and things
| lone at the aforesaid m. et 2 of the
| stockholders including the action
shown by the resolution set out In tre
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 its income tax To
| 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 r,
IC. Hodges for $1,000 and a 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 agreed
| to le8k to said Lang for payment, ana
to relieve petitioner of liability there
under.
| WHEREFORE, petitioner prays:
(a) That an order be granted there
sne fixing a lfeafiAfnAfp4aiszpe petition at
| he courthouse In Glynn County as
| provided by law.
| tb) And that at the hearing a decree
he 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
1 III FOL, in, thf1
| aforegoing petition are true.
S. X. BROWN.
,Sown to and subscribed before me
| this 81 day of April, 1920. .s4..a
DAVID H. POPE,
i, Notary Public, Glynn County, fGa.
, The foregoing petition read ana
I Considered. A.
| Let the same be filed in the office
I of the clerk of the Superior court OF
| Glynn county.
| II is ordered that the hearing ON
| aid petition be held at the court
1 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 copy OF
| The petition and of this order be pub
lished once a week for four weeks be-
| fore the deate Of hearing in the
Brunswick News. the newspaper
| wherein sheriff's sales for said coun
lty are publihed.
This April 9th, 1890.
| ]. p. HIGHSMITH,
L 90 Indno @ q p q