The Marietta journal. (Marietta, Ga.) 1918-1944, 1921-11-03
Legal Advertisements
PETITION
PETITION
Hon. S. G. McLendon, Secretary of
State, State of Georgia

state, state OF georgia
Your petitioner, the Bank of myr-
ma, Smyrna. Ca, respectfully shows
that it is body corporate under the
laws of the State of Georgia and by
virtue of a charter, issued by the
Honorable Philip Cook, Secretary of
State, State of Georgia, dated Jan.
10, 1911.
Petitioner further shows that on
the 26th day of August, 1921, the
Board of Directors of said bank by
proper corporate action voted to call
a meeting of the Stockholders of said
bank, to be held on the 26th day of
August, 1921, for the purpose of con-
sidering and acting upon the proposal
to reduce the capital stock of said
bank from Twenty Five Thousand
and no one hundred Dollars to Six
teen Thousand Three Hundred Dol
lars.
Petitioner further shows that no
tice of said meeting of Stockholders
was mailed to each Stakeholder of
record, or in case of his death, to his
heirs and legal representatives, adj
dressed to his last known residence,
at least ten days previous to the date
of the said meeting, and that at the
said meeting a majority in amount
of all the capital stock issued and
outstanding was present, represented
either in person or by proxy. An alb
stract from the minutes of the said
meeting being as follows:
Smyrna, Ca, August 26, 1921.
Pursuant to a call of the Board of
Directors of the Bank of Smyrna,
Smyrna, Georgia, the Stockholders of
said bank met in the office of the
bank on the above date for the ex-
press purpose of considering and act
ing upon the proposal to decrease the
capital stock of the said bank, notice
of said meeting having been mailed
to each Stakeholder, in case of his
death to his heirs or legal representa-
tives, addressed to his last known
residence, at least ten days previous
to the date of this meeting, at which
meeting a majority in amount of all
the capital stock issued and outstand-
ing was present, represented either
in person or by proxy.
After a thorough discussion of the
proposal, the following resolution
was offered by Mr.. John D. Corn:
Whereas. the charter of this bank
provides for an authorized capital
stock of Twenty Five Thousand Dol
lars, consisting of Two Hundred and
Fifty $3.50 shares of par value of
One Hundred ($1OO.OO) Dollars,
each; and
Whereas, only Sixteen Thousand
Three Hundred ($16,300.00) Dollars
of said capital stock, consisting of
One Hundred Sixty Three (163)
shares of par value of One Hundred
($100.00) Dollars each, has been
paid in and issued by said bank; and
Whereas, said amount of actual
paid up capital is sufficient for the
present needs of the said bank; and
Whereas, it is now necessary and
desirable that the amount of author.
lied capital stock of the said bank
according to its charter, shall not ex,
coed the amount actually paid in anG
issued;
Therefore, Be It Resolved by the
Stockholders of the Bank of Smyrna
Smyrna, Ca, that an application b.
filed with the Secretary of State Of
the State of Georgia, praying for ar
amendment to the charter of the sale
bank, reducing the authorized capita
stock from Twenty Five Thousand
Dollars, consisting of Two Hundred
Fifty (250) shares of par value o.
One Hundred ($1O0.O0) Dollars
each, to Sixteen Thousand Three
Hundred Dollars, consisting of One
Hundred Sixty Three (163) shares Of
a par value of One Hundred ($100.
00) Dollars, each; and
Be 1t Further Resolved that thu
Officers and Directors of the saiC
bank in its name and behalf are here
by authorized, empowered and in
structed to do all things necessary il
the filing of the aforesaid application
for and amendment and for the car
rying out the intents and purposes o.
this resolution.
Upon motion of Mr.. Jno. D. Corr
seconded by Mr.. Jno D. Russell, the
foregoing resolution was adopted by
an affirmative vote of a majority OF
the stock of said bank issued and out
standing, said vote being 116 shares
in favor of said resolution and none
shares opposed to same.
Petitioner, therefore, prays that ii
accordance with provisions of Article
8 of the Act to regulate banking ir
the State of Georgia, and for other
purposes approved by the Governor
August 18th, 1919, an amendment
to the charter of the said bank be
granted and issued reducing the cap
ital stock of said bank from Twenty
Five Thousand Dollars, consisting of
Two Hundred Fifty (2501 sharae If