The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1920-05-12
PETITIONS 10 DISSOLVE CHARTER

ohPSii u Spult Ol Sdlu GOuQty:
The petition Of Manufacturers Tim.
Der Company respectfully shows:
:. ]. = Petitioner waA incorporat
ed under charter granted by this
Honorable Court on. December 16,
1912. so. f..s.....
2,-Petitioner has recently sold its
sptire assets, and has paid all of its
debt and has made distribution among
it stockholders.
3.-7The capital stock of. petitioner
issued and outstanding is One Hun.
dred shares of the par value of $500
each, and all of whFh have shared
pro rata in the distribution of its
assets.
AT meeting of petitioners stock
oIders held November %, 1919, call
cd among other things for the pur-
pose of considering and taking ae
tion looking to it's dissolution by a
.surresder OF its charter and fran
chise as provided by law, at which all
of its stockholders were present in
peron or represented by proxy, reso1
tuition 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 liquidation of its affairs. except
Paul NJ Lang in the purchase by hira
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 cpnsum-
mate this end. including making ap-
piication to the Superior Court N
Glynn County, Georgia, for such sur
render"
/ 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 at, the aforesaid M citing of the
stockholders Including the action
shown by the resolution set out in t"e
preceding paragraph.
6.-At the time of the aforesaid cor
porate action petitioner state ann
county taxes for the year 1919 had
not been paid and its income tax to
the United States had not been paid.
These as we'll as all other obligations
end debts oflpetitioner have now been
paid except note of petitioner to z.
c. Hodges for $1,000 and note to
Mrs. Albert M Lochliear for S2GJ,
and these notes have been assumed
and will be paid off by Paul NJ. Lang
and the holders thereof have agreed
to- look to said Lang for payment and
to relieve petitioner Of liability there
under.
WHEREFORE. petitioner prays;
ca That an oEder be granted there,
on fixing a hearing of this petition at
the courthouse in Glynn County as
provided by law.
(b) And that at the hearing a decrea
be granted accepting the surrender or
petitioners charter and authorizing
and ordering its dissolution
BENNETT, TWITTY & REESE,
Petitioners Attorneys.
GEORGIA, GLYNN COUNTY.
Before the undersigned in person
appeared S. K Brown, who having
been first duly sworn deposes and
says on oath that he is president Oh
Manufacture Timber rompany ana
that the allegations contained In the
eforegoing petition are true.
8. X. BROWN,
Sown to and subscribed before me
this 81 day of April, 1920.
DAVID H. POPE.
Notary Public, Glynn County, Ga.
The foregoing petition read ana
considered.
Let the same be filed in the office
cf the clerk of the Superior court Of
GIypn 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 CT
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 puhlihed.
This April 9th. 1920.
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