The Dawson news. (Dawson, Ga.) 1889-current, 1921-02-08
NOTICE..

tary of State, State OF Georgia.-Y our
petitioner, the Bank of Parrot, OF
Parrot, Georgia, respectfully shows
that it is body corporate under the
laws of the State of Georgia and by
virtue of charter issued by the Hon
orable Phillip Cook, secretary OF
state, State of Georgia, dated January
LIS, 1906.
Petitioner further shows that on the
9TH day of December, 1920, the board
of directors of said bank by proper
corporate action voted to call a meet
ing of the stockholders of said bank,
to be held on the 2lst day of Deem
Der, 1920, for the purpose of consid-
ering and acting upon the proposal to
reduce the capital stock of said bank
from twenty-five thousand ($25, 100000
dollars to fifteen thousand 100000
dollars.
Petitioner further shows that notice
of said meeting of stockholders was
mailed to each stakeholder of record,
or in case of his death to his heirs and
legal representatives, addressed 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 of the cap
ital stock issued and outstanding was
present, represented either in person
or by proxy. As~ abstract from the
minutes of the said meeting being as
follows:
PARROT, Ga, Dec. Fl, 1920.-Pur-
suant to call of the board of directors
of the Bank of Parrot, the stockhold-
ers of said bank met in the office of
the bank on the above date for the
express purpose of considering and
acting upon the proposal to decrease
the capital stock of the said bank, no
tice of said meeting having been mail
ed to each stakeholder, in case of his
death to his heirs or legal representa-
tive, addressed to his last known resi-
dence, at which meeting a majority in
amount of all the capital stock issued
and outstanding was present, repre-
sented either in person or by proxy.
After a thorough discussion of the
proposal, the following resolution was
offered by DR.. J. T. Arnold:
Whereas, the charter of this bank
provides for an authorized capital
stock of twenty-five thousand ($25,-
100000 dollars, consisting of two hun
dred and fifty Q5O shares of par
value of one hundred 100000 dollars
each, and
Whereas, only fifteen thousand
($15,000.00) dollars of said capital
stock, consisting of one hundred fifty
Q50) shares of a par value of one
hundred ($10000) dollars each, has
actually been paid in and issued by the
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, ac-
cording to its charter, shall not ex-
coed the amount actually paid in and
issued;
Therefore, be it resolved by the
stockholders of the Bank of Parrot,
Parrot, Georgia, that an application
be filed with the Secretary of State
of the State OF Georgia, praying for
an amendment to the charter of the
said bank, reducing the authorized
capital stock from twenty-five thouS-
and ($25, 100000 dollars, consisting of
two hundred fifty ESQ shares of a
par value of one hundred ($10000)
dollars each, to fifteen thousand ($15,-
100000 dollars, consisting of one hun
dred fifty 7150) shares of par value
of one HUNDRED ($l0000) dollars each,
and
Be it further resolved that the Off
GERS and directors of the said bank in
its name and behalf are hereby author
lied, empowered and instructed to do
all things necessary in the filing of
the aforesaid application for an amend
ment and for the carrying out the in
tents and purposes of this resolution.
Upon motion OF Mr. w. S. Flowers,
seconded by Mr.. ]. N. Arnold, 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 100 shares
in favor of said resolution and none
opposed to same"
Petitioner, therefore, prays that in
accordance with provisions of article
'9 of the act to regulate banking in the
State of Georgia, and for other pur-
poses approved by the Governor,
August 10, 1919, an amendment to the
charter of the said bank be granted