Newspaper Page Text
v ADVERTISING payable in
M>l . legal IFCAL advance.
ho be seen seen from r the law below, al!
A* wiU •11 P f or in advance,
legal advertising m an(J eyery ad
mustaccompanye^ .
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jertisement ..
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the same is P u upon O. K. ThU
not acccpt an a adbwwd to In all com.
% rol no W advertlSement will be inserted, neither
he 8 a 57) e ADVERTISING FEE PAID IN
(t606 06 4 4 t5 * j459 4 L)VANCE WHEN.—
Sheriff or Deputy Sherif li. this State
„ advertise the property of
,hall ho be reauired Q to f le, until the cost
fl or ga been first
Y such advertisement aka** h “ve
of hv the plaintiff in fi fa., his agent, or
P f,orney a Provided, that when any such par
pU i.intiff iX or his agent or rttorney for him,
»[- and file an amdavit in writing
owffig to his poverty he is unable to
th ® guch cost, that it shall be the duy of
pa jd ghcriff or his deputy to proceed as now
* quired by law.
e
GRADY COUNTY TAX LEVY
FOR 1926.
Resolution and order of the Board of Com
loners 6 of Roads and Revenues of Grady
County, Georgia, fixing the tax levies for the
ar 1926, passed in regular session on bept.
1926 and entered on the minutes of said
- *’ Hall, Chair
B fn rd members present: J. E.
G W. Connell and C. H. Maxwell.
,A) $1.51 on each $100.00 worth of prop
% subdivided as follows:
8V. cents on each $100.00 worth of
•isperty to pay legal indebtedness of the
- , ,
due, past due . or to , become due
founty the now' year.
during each $100.00 worth of
2nd 20 cents on prop
erty to build and repair courthouses, jails and
other public buildings.
3rd 30 cents on each $100.00 worth of
perty to build and repair bridges, ferries
1 other improvements; for the maintenance
ml and for the equipment and main
nf same; machinery, forces, etc., necessary
tenance of
* 4th an V cents on each jailers $100.00 and w'orth other offi- of
m-nnerty to pay sheriffs,
cers’ fees that they may be entitled to out of
the county. each $100.00 worth of
5th. 1 cent on prop
erty to pay the coroner all the fees that may
be due him. worth of
6th 6 cents on each $100.00 prop
erty to pay the expenses of the county for
bailiffs at courts, non-resident witnesses in
criminal cases, fuel, servant hire, stationery
he 1 each $100.00 worth of
7th. i2 cents on
property to pay jurors a per diem compensa
tion. each $100.00 worth of
8th. 15 cents on
i 1 to pay any other lawful charge
•ainst the county not specially provided for
in this levy. each $100.00 worth of
9th. 12% cents the on incurred in
property to pay expenses sup
porting the poor of the county.
10th. 40 cents on each $100.00 worth of
property to pay the salaries and wages, and
for working, improving and repairing public
roads, as authorized under Section 696 of the
Civil Code • f 1910, this is to be known as the
“Public R ad Fund.”
(B) Also in compliance with a resolution
adopted by the Board of Commissioners of
Roads and Revenues of Grady County, Geor
gia, on August 5th, 1919, the following spec
ial levy is made and ordered collected, to-wit:
lst. 14 cents on each $100.00 worth of prop
erty to pay off the interest accruing on the
County Bond issue, the balance of which is
now $230,000.00. worth of
2nd. 25 cents on each $100.00
•property to create a sinking fund in order to
Ktire the County Bond issue, balance of $230.
W,0O, promptly as it matures.
1Ci Also in compliance with a recommend
ation of the Board of Education of Grady
County, Georgia, the following special levy is
made and ordered to be collected, as to all
property, real and personal, in the county of
Grady, except property within the limits of
the special School District of Pine Park:
lst. 50 cents on each $100.00 worth of prop
erty, or $5.00 per thousand, for the support
of the public schools under the control of said
Board of Education.
(D) Also upon the report of the Superin
tendent of Schools of Grady County, Georgia,
of an, agreement between himself and the
authorities of the several school districts of
the county authorized to levy a local tax for
the support and maintenance of public schools
and the payment of bond issues and interest
on same, the following levies for such pur
poses are hereby made and the tax collector
is ordered to make collections accordingly:
Whigham, local tax, 5 mills, or $5 per
thousand.
Whigham, bonds and int„ 3% mills, or $3%
per thousand.
Spence, local tax, 5 mills or $5 per thousand.
Spence, int. on bonds, 4 mills, or $4 per
thousand.
Spence, sinking fund, 2 mills, or $2 per
thousand.
thousand. Fairview, local tax, 5 mills, or $5 per
Cairo, local tax 5 mills, or $5 per thousand.
Cairo, sinking fund, 3% mills, or $3% per
thousand.
Cairo, interest on bonds, 4% mills, or $4%
per thousand.
Turkey Creek, local tax, 5 mills, or $5 per
thousand.
Turkey Creek, sinking fund, 3 mills, or $3
thousand.
Turkey Creek, int. on bonds, 4 mills, or $4
Per thousand.
Pleasant Hill, local tax, 5 mills, or $5 per
thousand.
thousand. Wayside, local tax, 5 mills, or $5 per
thousand. Midway, local tax, 5 mills, or $5 per
Chason. local tax, 5 mills, or $5 per thousand
New Home, local tax, 5 mills or $5 per
thousand.
Baypole, local tax, 1 mill, or $1 per thous
and.
and. Walker, local tax, 5 mills, or $5 per thous
Pine Hill, local tax, 5 mills, or $5 per tlious
and.
and. Central, local tax, 5 mills, or $5 per thous
Bell Dixon, local tax, 5 mills, or $5 per
thousand.
Live Oak, local tax, 5 mills, or $5 per thous
and.
and. Calvary, local tax, 5 mills, or $5 per thous
‘housand. Sherwood, local tax, 5 mills, or $5 per
Pawnee, local tax, 1% mills, or $1%
Per Elpino, thousand.
local tax, 5 mills, or $5 per thous
and.
and. Reno, local tax, 5 mills, or $5 per thous
Reno, interest on bonds, 2 mills, or $2
Per thousand.
thousand. Woodland, local tax, 5 mills, or $5 per
GEORGIA, Grady County.
1. Jesse J. Gainey, Clerk of the Board of
County, Commissioners of Roads and Revenues of said
do hereby certify that the above and
foregoing is a true and correct copy of a
resolution this day adopted by the said Board
°‘ utes. Commissioners and entered on their min
this .Given under my hand and seal of said board,
Sept 7th, 1926.
JESSE J. GAINEY. Clerk,
Board of Commissioners of Roads
and Revenues of Grady Co., Ga.
9-17-4t.
GEORGIA, ADMINISTRATOR’S SALE.
By Grady County.
dinary virtue of an order of the Court of Or
of Grady county, will be sold, at pub
*C outcry on the first Tuesday in November,
‘■'26, at the Courthouse door in Grady county,
between the legal hours of sale, for cash, the
following tv Georgia: lands in Grady and Decatur eoun
the A parallelogram extending across
north side of the east half of lot of land
number 336 in the 19th District of Decatur
Co., Ga.. and also across the north side of lot
ot land No. 335 in the 19th district of Grady
county, Ga.. said tract being 25 chains wide
north and south and extending clear across
the North side of the east half of lot of land
number 336 and the entire lot of land num
ber 335. containing 190 acres more or less.
This. 5th day of October. 1926.
T. A. MAXWELL. Adminstrator
of J. E. Maxwell.
10-8-41.
CITATION.
M. L. Ledford as administrator of Mrs.
Hattie Hawthorn, deceased has in due form
applied to the undersigned for leave to sell
the lands belonging to said estate, and the
same will be heard at my office on the first
Monday in November, next.
This, 5th day of October. 1926.
J. R. SINGLETARY, Ordinary
A PROCLAMATION
to^e^^tuUo^^r^orSr^rbi voted
on at the General Election to
be held on Tuesday, November 2,
1926, said amendment to authorise the
General Assembly to Levy Additional
Sphool tax for County with City of i
200,000 population.
By His Excellency, |
Clifford Walker, Governor,
Executive State of Georgia,
Department,
August 24, 1926.
WHEREAS, the General Assembly
at Its extraordinary session in 1926
proposed an Amendment to the Con
stitution of this State as set forth in
an Act approved April 2, 1926, to-wit:
additional school tax for
COUNTY WITH CITY OF
200^00 POPULATION.
No. 12, Second Session.
An Aot to amend paragraph 2 of sec
tion 6 of article 7 of the Constitu
tion of this State.
Be It enacted by the General As
sembly of Georgia:
Section 1. That the following
amendment to the Constitution ei this
State is hereby proposed, to-wit: By
adding to paragraph 2 of section 6
of article 7 of the Constitution the
following words, to-wlt: “Further
more, In any county in this State
which has wholly or partly within its
boundaries a city of not less than
200,000 population, the county authori
ties thereof are hereby authorized to
levy a tax not exceeding 1 mill for
educational purposes, on all the taxa
ble property throughout the entire
county, including territory embraced
In independent school systems, the
same to be appropriated to the use of
the county board of education and to
educational work directed by them."
Sec. 2. This proposal being agreed
upon by two-thirds of the members
elected to each of the two houses of
the General Assembly, the same shall
be entered on their journals with the
yeas and nays taken thereon; and the
Governor Is hereby directed to cause
such amendment or amendments to
to published .a one os more news
papers in each congressional district
for two months previous to the time
of holding the next general election.
At said election said proposed amend
ment shall be submitted to the people
qualified to vote thereon. Those de
siring to vote in favor of the same
shall have written or printed upon
their ballots the words, “For the con
stitutional amendment authorizing
taxation for educational purposes In
counties having cities of more than
200,060 population wholly or partly
within their boundaries.” Those de
siring to vote against the ratification
of the amendment shall have writ
ten or printed on their ballots the
words, "Against the constitutional
amendment authorizing taxation for
educational purposes In counties hav
ing cities of more than 200,000 popu
lation wholly or partly within their
boundaries.” If the people ratify such
amendment or amendments by a ma
jority of the electors qualified to vote
for members of the General Assem
bly, voting thereon, such amendment
or amendments shall become part of
the Constitution of this State, The
returns of the election shall be made
In like manner as returns for mem
bers of the General Assembly, and It
shall be the duty of the Secretary of
State to ascertain the result and to
certify the result to the Governor, who
shall, If such amendment be ratified,
make proclamation thereof.
Sec. 3. Be it further enacted by
the authority aforesaid, that all laws
and parts of laws in conflict with this
Act be and the same are hereby re
pealed.
Approved April 2, 1926.
NOW, THEREFORE, I, Clifford
Welker, Governor of said State, do
issue this my proclamation hereby
declaring that the proposed foregoing
amendment to the Constitution is
submitted for ratification or rejec
tion to the voters of the State quali
fied to vote for members of the Gen
eral Assembly at the General Election
to be held on Tuesday, November 2,
1936. WALKER,
CLIFFORD
Governor.
By the Governor:
S. G. McLENDON,
Secretary of State.
NOTICE OF SALE.
GEORGIA. Grady County. of sarc
Under and by virtue of the Power
venred in A. B. Wight, admmstrator ot b. t
Wight's estate, by deed made and delivered 20 to
him by Mrs. MoUie Brinson dated Dec.
1923. and recorded in the office of the
of Superior court for Grady county Georgia,
in book 21, page 49, the said A. B- Wlg h 1
.
adminstrator of K. P. Wight’s estat ^ “’ ’“j _
sell at public outcry, to the highest bidder,
for cash the 2nd day of November 192 >
on Cairo, or aoj
before the courthouse door in jf
county, Georgia, between the legal ho “ r =
sale, the following described Property to-wit.
All that tract or parcel of lan d
lying and being in the 16tP
Grady county, Georgia, and being <5
or less, of the east half of lot of land
more of said east half except 50
No. 242. being all sold to L. vv.
acres in the northwest corner conveyed being ae
feribed Brinson the tract hereby
as beginning at the south northeast.corner 49.48 chains to
of said lot and runnnmg west 2o.do cha J n
‘he southeast corner, thence 11.9- g >
thence north 4.22 chains, thence east .
chains. thence north 45.26 chains to the origi
_„1 north line of said lot, thence east a.or.g
said line 14.07 chains to the northeast corner,
the point of beginning. sale , to pay the in
The purpose of said is
t wH, n note r Bm r $3flO. 00 ' due^Dec"] 924.' dated
L A n anf i bearing interest indebtedness at o ptr
f frnn, date and an additional
if said sale vv ill “l. f er red to above
of the ' n ^ eb ^, re balance,
ment th’s pro oc d ing and the
and cost of Mollie Brinson,
if any y, will be P*J U iQ9fi
This 30th day of Adminstrator,
A ' of K. P- Wight’s estate
THE CAIRO MESSENGER FRIDAY, OCTOBER 15TH, 1926.
TAX COLLECTOR’S
ROUNDS
1 wiU be at the followin S P laces 0,1
dates named f or the purpose of col
taxes for the year 1926:
Pine Park—Oct. 15th, 10:30 to 11:-
30 a. m.; Nov. 12th, 10:30 to 11:30 a.
Calvary—Oct, 19th, 10:30 to 11:30
a. m. Nov. 16th, 10:30 to 11:30 a. m.
Reno—Oct. 19th, 12:30 to 1:30 p. m.
Nov. 16th, 12:30 to 1:30 pi m.
Spence—Oct. 20th, 10:30 a. m. to
12:30 p. m.; Nov. 17th, 10:30 a. m. to
p. m.
Blowing Cave—Oct. 21st, llto 12
noon; Nov. 18th, 11 to 12 noon.
Lime Sink—Oct. 21st, 1 to 2 p. m ;
Nov. 18th, 1 to 2 p. m.
Oliver’s Store—Oct. 22nd, 11 to 12
noon; Nov. 19th, 11 to 12 noon.
Spring Hill—Oct. 22nd, 1 to 2 p. m ;
Nov. 19th, 1 to 2 p. m.
Whigham—Oct. 27th, 10:30 a. m. to
1:30 p. m.; Nov. 24th, 10:30 a. m. to
1:30 p. m.; Dec. 2nd, 10:30 a. m. to
1:30 p. m.
I will be in my office in the Court
House during the October term of Su
perior Court and from December 3rd.
to December 20th, inclusive, on whi-h
day the tax books for the year 1926
will close.
Yours respectfully,
BEN L. WILLIS,
Tax Collector. Grady Co.
NOTICE OF CALI, FOR BOND ELECTION.
The Cairo, Ga., Oct. 12th, 1926.
trustees of Woodland High School, a
consolidated school district of Grady county,
Georgia, met this day, there being present
S. I . Vanlandingham, Obie Wade, and I, B.
Perkins, and it appearing that more than one
fourth of the qualified voters of said con
solidated school district have petitioned above
named trustees of Woodland High School to
order an election to be held to determine
the question of whether or not bonds shall be
issued for the purpose of building and equip
ping a school house or school houses for said
consolidated school district, on motion it was
ordered by a unanimous vote that an election
be held in said district at Woodland school
house on Wednesday, November 17th, 1926, at
which election will be submitted to the quali
fied voters of said district for their determi
nation the question of whether or not bonds
shall be issued by said school district in the
SSTt S °L?£ t u,?7 , X,olV’ use m or
school houses in and for said district; said
I of Jan ’ lst 1927 ’ to bear
Ifrom said date of Jan. 1st, 1927. and said in
terest to be payable annually on the 1st day of
Jan. of each year beginning on Jan. 1st 1928,
and the principal thereof to be paid as follows:
$500.00 payable Jan. 1st, 1931
$500.00 payable Jan. 1st, 1932
$500.00 payable Jan. 1st, 1933
$500.00 payable Jan. 1st, 1934
$500.00 payable Jan. 1st, 1935
$500.00 payable Jan. 1st, 1036
$500.00 payable Jan. 1st, 1937
$500.00 payable Jan. 1st, 1938
$500.00 payable Jan. 1st, 1939
$500.00 payable Jan. 1st, 1940
$500.00 payable Jan. 1st, 1941
$500.00 payable Jan. 1st, 1942
$500.00 payable Jan. 1st, 1943
$500.00 payable Jan. 1st, 1944
$500.00 payable Jan. 1st, 1945
$500.00 payable Jan. 1st, 1946, final payment.
Prineipal and interest to be payable in
coin of the United States of the present
dard of weight and fineness at the office
some financial institution in the City of
York, State of N. Y. The polls will be
at nine o’clock A. M. and will be closed at
three o’clock P. M. at the place designated
herein above for holding the same, which is at
Woodland school house in said Woodland high
school district, a consolidated school district,
in Cairo Militia district in Grady county Geor
gia, and said date as before stated being
Wednesday, Nov. 17th 1926.
Those desiring to vote in favor of the is
sue of said bonds will do so by casting ballots,
having written or printed upon them the
words, “For School House:” those desiring ;o
vote against the issue of said bonds will do
so by casting ballots having written or printed
upon them the words, ‘‘Against School House."
This the 12th, day of Oct. 1926.
S. P. Vanlandingham, I. B.
Perkins, Obie Wade,
Members of board of trustees
of Woodland High School, a
Consolidated school district rf
Grady county, Georgia.
NOTICE OF SALE.
GEORGIA, Grady County.
Will be sold before the courthouse door at
Cairo, Georgia, in said county, between the
legal hours of sale, on the 6th day of Nov
ember 1926, for cash, the following described
Pr P e y ’(40 O r V
F o rty acres. more or less, on the South
side of lot of land No. 257, in the 17th d.s
trict of Thomas, (now Grady) county, Geor
gia, bounded as follows: Commencing at a
point where Public Road crosses the original
land line of said lot on the South side run
rung east along said said line to the branch,
thence down said branch north to the fence,
thence due west to the Public Road, thence
south along said road to starting point.
Said lands will be sold under and by virtue
of power of sale contained in a securit ydeed
from R- M. Wadsworth to the Farmers &
Merchants Bank, dated February 8. 1922, and
recorded in Book 14, folio 289, Deed Records
of Grady county, Georgia. Said deed being
given to secure certain note made by R. M.
Wadsworth and J. J. Wilcox to the Farm
ers & Merchants Bank, falling due October
15 1922. Amount which will be due at
of sale being $436.00, besides the expense of
this sale. also to
Said security deed being given and se
cure a certain note made by N. T. Hudson
R M. Wadsworth to said Farmers & Mer
chants Bank, dated November 5, 1921.
The proceeds of said sale shall be applied,
first, to the payment of the indebtedness of
said J. J. Wilcox and R. M. Wadsworth, it
being the indebtedness first above described.
and the expense of this proceeding. The
balance, if any, shall be applied on the in
debtedness of R. M. Wadsworth and N. 1
Hudson, being the second above described in
debtedness. And the remainder, if any, shall
be paid to R. M. Wadsworth as provided ; n
said deed. Deed will be given to the purch
aser by the undersigned as provided in sail
security deed. FARMERS This & MERCHANTS /.'. ' BANK o a NK'
By Jeff A. Pope, Its Attorney.
10-8-4t.
LAND SALE.
GEORGIA. Grady County. before the
There will be offered for sale
Courthouse door of Grady county on the mst
Tuesday in Nov.. 1926, between the legal
hours of sale, to the highest bidder for cash
terms with part payment four hundred
„„ of land owned by the und "
and eighty acres of Swamp creek m said
signed Iving west land No. 268.
countv and being ail of lot of of
rontaining 250 acres more or less, and all
No 253, lying west of Swamp creek, and
lot in the southeast corner of
seventy-five acres all of the east half of lot
i0t S< 125 or
( land No. 267 containing acres uiore of lots
less, and all of said lots and parts
lying and being . in the 19th district of Grady
C °™e y re G reie a ared and in There cultivation also a a six- six
horse farm on said place. painted, is and two
room frame dwelling house,
frame tenant houses and two tobacco barns.
The soil on said place is high grade and
fC complete description, w'e refer to a
For a Stephens to the undersigned,
deed from C. G. and recorded book
dated Jan. 29th. 1913, m
9 page 87. information, for terms, call on
For further M. L. Ledford.
me or my attorney. deed w*U be
Good and sufficient warranty of
executed to purchaser upon payment !>ur
This* This 11th inn day of T Oct., j MILLER. 1926. Owner.
M. L. Ledford. Atty. for Owner. 10-15-3-
NOTICE OF PETITION FOR
(iKOKlilA, INCORPORATION
The Grady County.
petition of B. W. Mauldin. A. B. Wight,
C. Ham, J. C. Thames, Henry Hester, H.
J. 7* M. Gette Hughes, ’ H * J. G * B. Canno Roddenbery, «- w - H. A. Ror.inson, Edwards
and R. S. Kennemur respectfully shows:
L Petitioners desire for themselves and j
their associates to be incorporated ui der the !
nvs the state of Georgia for the term ot ’
twenty (20 years, with the privilege of re
newal at the expiration of that time, under the
corporate name and style of Cairo Building
and Loan Association, with its domicle at
Cairo. Ga.
2. The proposed association is to be a local
and mutual building and loan association, and
its object is pecuniary gain to its members.
It is desired that the propos'd association
shall have and enjoy all of the rights, powers,
privileges and immunities granted by law to
such associations.
3. The capital stock of the proposed asso
ciation shall be of two classes, as following to
wit:
(A) Class A, which shall be fully partici
pating stock. The proposed association shall
have not less than $25,000.00 and not more
than $500,000.00 in par value of Class A
stock outstanding at any time to be divided
into shares of the par value of $100.00 each.
Such stock shall be sold at a premium of $3.00
! per share, which premium shall be paid in
cash and shall be used in defraying organiza
tion and other expenses, and any balance
thereof shall constitute a surplus fund for the
association. The stock may be paid for in in
stallments per share of per not month. less than Every fifty member (50) cents shall |
be entitled to one vote for each share of curb I
stock subscribed by him, except that no mem- \
her shall be entitled to more than twer.ty (20) |
hold, votes and regardless member of how shall many be entitled shares he to may vote j
no
any stock upon which payment or* instalment
is due and unpaid at the date of the call of
meeting of the shareholders, or in the case of
regular annual meltings, upon which any
payment is over due by thirty days at the date
of such meeting. The members shall have the
right in the by-laws to be adopted, or b.v
other corporate action, to provide when and
in what manner stock may be retired by the
association or withdrawn by a member.
(B) Class B, which shall be of the par
value of $100.00 per share, with the same
voting power in the holders thereof as enjoy
ed by the holders of the Class A stock (it
being understood, however, that no member
shall be entitled to vote more than twenty
votes regardless of the number of shares of
either class of stock, or of both classes held
by him.) Class B stock shall not participate
in the earnings of the company beyond a fixed
percentage to be prescribed by the board of
directors. Class B stock shall be subject to
withdrawal by the holders thereof at any time,
together with the dividends which may have
been earned and dclared thereon, upon such
r.f'r P .s
for in installments of not less than fifty (50)
cents per month per share. The right is de
sired to issue and have outstanding at any
time any amount of stock not to exceed $500,- j
000.00 in par value.
No stock certificate of either class shall be I
issued by the association until the full par I
value thereof shall have been paid to the as
sociations the amounts ; but dividends paid in earned by members and declared on sub- | |
upon stock beap- j
scriptions to either class of may
plied toward the payment of the balance due
the association thereon.
4. The management of the proposed asso
ciation shall be entrusted to a board of di
rectors to consist of not less than nine nor
n on- than twenty-nine members. This board
shall have full charge and control of the busi
ness and affairs of the association and may
name of its number an executive committee
to be composed of not less that three nor more
{than seven directors. The interim executive board committee of direc
shall constitute an ad
tors and shall exercise all of the powers of
the board of directors except such as may be
reserved by the board in the by-laws to be
adopted by the members of the association.
5 The officers of the company shall be a
president, secretary and treasurer, all of whom
shall be elected by the board of directors,
though uower may be vested in the executive
committee to fill vacancies in offices that any
occur from any cause. The president, a vice
I nresident or secretary of the company may
j ” The president and vice
ls0 be treasurer. board of
presidents shall be members of the
directors, but the secretary and tresurer need
' shall have
not be T he board of directors
tbe rigbt in its discretion to create such other
offices as may be deemed wise or expedent.
' association
g T h e members of the upon
t he acceptance of this charter and organiza
t - on thereunder shall adopt by-laws for the
’ association and shall pro
„ ove rnmen t of the
yide in the by-laws so adopted, how the same
m be amended, modified or repealed. Every
member 0 f t h e association shall be bound by
the by .j aws s0 adopted, and any amendment,
mod ;fl cat i 0 n, or repeal therof that may be
de - n th( l manner provided in the by-laws
adoDted A board of di
baU be the duty D f the
re( ^ ors and of the executive committee the capital to
preserve the full par value of
stock of the association at all times unim
paired, and to see that no part of the par
capital shall ever be used in any way except
for loans secured by first mortgage or deed
to secure debt on improved real estate, or by
pledge of its own stock, or in investments in
United States, the State ‘
bonds of the thereof
Georgia, or governmental subdivisions
having the power of taxation and assessment,
or in other form .of securities approved or
authorized by the authority of the State of
1 Georgia having jurisdiction and supervision
over local and mutual building and loan as
sociation: provided, that nothing herein con
tained shall be construed to prohibit or pre
vent the association from becoming the pur
^^^/"Uere iLs which it may hold
board of directors or exe
cutive committee may deem it wise or expe
dient so to do, and provided f “ rthp .[\
nothing herein contained shaU prohffi.t or
prevent the association from PlacuiB at, in
terest from time to time ^ ‘ h b anks or trust
companies of recognized standing and re
sponsibility instead of on open deposit any
which funds which it may it be may unable b ? ve to . on find fi ^"LsfbcJry satisfactory
investments. .. . intended io
The proposed association . is
g.
be strictly mutual, and shall have no rignt
to make loans secured by real estate except
to its members the object of the corporation
being pecuniary gain to its members and to
ass i s t its members in saving and accumulating
mo ney, and by obtaining the largest possible
earnings on the same; and buying and lin
pro ving real estate and other property by ma«
n g advances and loans to members, under the
building and loan plan, under terms provided
for in the by-laws or approved by the Board
of [)j rec tors; to aid its members in building
or purchasing homes on plans more advan -
ageous than paying rent therefor: in purchas
j ng or improving property; and making an
p reserv ing investments. be engaged .
g The particular business to 'n
, the proposed association is the business of
conducting a building and loan association,
bu injr ho ] dirg and selling real estate and
other proper t y borrowing and lending money ,
, and bonds; lending
jssuinK notes mortgages and taking
on ;ts sbares or any other security
jt therefor; and in improving and rent
set * guch other and further
? .‘ and to the
th ’ ngs ^ s are necessa ry and incident
1J( c ssful operat j 0 n of a building and loan as
, Geor
sociation under the laws of the State of
by-laws to be adopted as herein
provided stock represented in person
10 . The voting constitute*^ ZlrZ
5 the^tockhriders^ s'hall 1
for the transaction of business . and a majori
ty of a quorum shall decide all questions un
less otherwise prescribed by law or the by
laws. this their petition be
Petitioners pray that
granted. JEFF A. POPE.
j Attorney of for October. Petitioners 1926.
Filed in office this 13th day
P. M. BAGGETT,
'■"erk of Superior Court, Grady county, Ga.
GEORGIA. GRADY COUNTY. Court.^aid^o^n.^ tv
of Clerk of Superior rmin
Office
I, P. M. Baggett. Georgia, do hereby
Court of Grady county, true and cor
certify that the foregoing is
rect copy of the application for charter as
the same appears on file in this office.
This the 13th day of p % tob ^|Vr. Ga.
Clerk of Superior Court, Grady county.
CITATION.
GEORGIA, Grady County.
A. C. Singletary as administrator of i ranees
Singletary, deceased. has in due form
applied to the undersigned for leave to sell
the lands belonging to said estate, and the
same will be heard at my office on the first
Monday in November, next.
This 4th day of October. 1926.
j r. SINGLETARY, Ordinary
CREDIT RESOURCES
FILL COTTON NEED
SECRETARY JARDINE REPLIES
TO LETTER FROM ALABAMA
FARM FEDERATION.
Secretary of Agriculture Jardine
expressed confidence Friday that the
present and potential credit resources
of the country are entirely adequate
to meet the requirements of the pres
ent cotton crop, however bountiful it
may prove.
Replying to a letter from Edward
A. O’Neil, president of the Alabama
farm bureau federation, who had de
scribed the cotton situation as grave,
the agriculture secretary declared he
was content that the situation was
largely due to panic conditions which,
he hoped, would be temporary.
Conditions Called Sound.
“The basic economic conditions of
the Country are SOUnd, and Cotton pro
OUCCi > must , realize that the in- .
S SOOtl
trinsic value of this crop has not
changed in the past few weeks,” wrote
the secretary. “The people of the
world need all the cotton that we can
produce. We are in a position to sup
ply their needs in an orderly manner.
Cotton is not a perishable commodity.
We have the necessary facilities for
storing the crop for months, or .f
need be, for years and ample credit
to carry it. Cotton in storage is prob
ably the soundest basis for credit that
we know.
“J am glad to note the evidences
that these tacts rapidly . .
are gaining
««*•»>•
“It is my earnest hope that the
present , stampede . , , be checked
may
w ] 1 ; i] e the major part of the Crop re
. . the , , hands , ot „ the ,, farmers, ,
mams in
The bankers and many other business
agencies of the south are loyally co
operating . to restore confidence, „ , and ,
j assure y 0 u that the department of
agriculture . . actively . supporting , thlo
IS
.
movement.
“Other agencies of the federal g()V
eminent are also available, Credit
facilities - thrnueh till Ugll the lilt ordinary OIU y bank
ing channel appear to be adequate,
but We have in . addition if .» needed, , , the ...
services and resources of the inter
mediate credit bank. It was for just
such emergencies as the present one
that these banks Were established.
Those in . charge , of - them , , have „ aSSUied ,
m that they are ready to do every
thing ... their At . , present
in power.
they , are lnanintr loaning money monev freelv ireeiy to to the
co tton Cooperatives, and they are pre-
pared also to extend credit to other
cotton farmers.
Credit Association Suggested.
“If this additional source of credit
is needed, it may be drawn upon by
creating local financial credit associa
tions. These can be established with
a minimum of $10,000 local capital,
raised among business men, farmers,
or other citizens. Ten times the
amount of the capital can be borrowed
for a period of six months to three
years, at a moderate rate of interest.
“I am confident that our present
and potential credit resources are ade
quate fully to meet the requirements
of our cotton crop, however bountiful
it may prove to be. No effort should
be spai-ed to make these resource
readily available to the producers of
cotton. The crop should remain large
ly in their control until it is needed
for manufacture.
Acreage Up to Farmer.
“The final determination as to the
acreage that shall be devoted to the
production of cotton in the future
rests with the farmer of the south
It is manifestly to their interest to
adjust that acreage to meet the nee Is
of the consumers of the crop. This
can be done most intelligently if they
retain a controlling interest in the
crop, until it passes into consumption.
“I do not share the view expressed
by some, that a large crop of cotton
or a carryover from one season to the
next is a misfortune. It is to the best
interest of both the producer and the
consumer to avoid wide fluctuation in
cotton prices. The best way to avoid
such fluctuation is to be in the posi
tion to carry continuously an ample
reserve, sufficiently large to absorb
any surplus from one or more good
seasons and to supplement the short
age of several bad seasons, We are
now in position to begin the creation
of such a reserve. We should accept
the opportunity and make the most
of it.”
CITATION.
GEORGIA. Grady County.
TO ALL WHOM IT MAY CONCERN:
Susie Mae Walden having applied to me
for permanent Letters of Adminstration on
the estate of Mrs. C. S. Walden, late of said
County, this is to cite ali and singular the
creditors and next of kin of Mrs. C. S. Wal
den to he and appeRr at, my office within the
time allowed by law, and show cause why
letters should not be granted to petitioner, on
said estate.
Witness mv official signature, this 5th day
of October, 192fi.
J. R. SINGLETARY. Ordinary
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