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About The Dade County times. (Trenton, Ga.) 1908-1965 | View Entire Issue (Oct. 24, 1957)
PAGE 4 WHEREAS, heretofore on 15th day of February, 1957 MRS EVELYN R. WATSON did exe¬ cute and deliver to the ROSS- VILLE FEDERAL SAVINGS AND LOAN ASSOCIATION her certain security deed, for the purpose of securing the indebtedness there¬ in described, which security deed appears of record in (Deed Book 50. Pages 324-30, Dade County, Georgia Deed Records, reference to which security deed is here made for its full terms, provi¬ sions, and conditions: and WHEREAS, the debt secured by the security deed aforesaid, has become in default as to principle and interest, and the .holder thereof has declared the entire indebtedness owing t h e r eb y at once due and payable. NOW, THEREFORE, pursuant to the terms, provisions, and con¬ ditions of the aforesaid Security Deed, the undersigned will of- ifer for sale and will sell for cash on the first Tuesday in Novem¬ ber (November 5), 1957, between the legal hours of sale, at public outcry before the courthouse door in Trenton Dade County, Georgia, the following described property, to-wit: SITUATE in the Town of Rising Fawn, Dade County, Georgia, being part of Land Lot No. Eighty (80) in the 18th Dis¬ trict and 4th Section of said State and County, particularly described as follows: BEGINN¬ ING at the northeast intersec¬ tion of two unnamed streets in Rising Fawn, Georgia, said cor¬ ner being identified as the /southwest corner of what was formerly known as the Tidwell (home place, being the southwest corner of the tract herein des¬ cribed; thence north 22 degrees 30 minutes west, along the east side of a street which runs be¬ tween this property & the Bur¬ ton Kenimer property, 91.5 feet to the southwest corner of the Jacoway tract; thence north 63 degrees east, 78.5 feet, more or Hess, to the southeast corner of isaid Jacoway tract; thence north 22 degrees 30 minutes west, 5o feet to the northeast corner of the Jacoway tract on )the south line of the Burton Kenimer property; thence north 70 degrees east, along the Ken¬ imer line, 25 feet; thence south 22 degrees 30 minutes east, 100 feet; thence north 70 degrees (east, 13 feet to the Nannie Hale property; thence south 22 de¬ grees 30 minutes east, 50 feet to the north line of a street which runs between this pro¬ perty and the Gossett property; thence south 70 degrees west, 113 feet to the beginning point. This tract includes ail of the property described in deed from Frank A. Hall to John B. Har¬ rison and wife, Mary Nell Har¬ rison. dated August 23, 1950, of record in Book 39, Page 328, Dade County Deed Records, and all of the property included in the deed from Mrs. Cleo E. Kiz- ziah to John B. Harrison and wife, Mary Nell Harrison, dated February 5, 1955, of record in Book 46, Page 60, of Dade County Deed Records. SUBJECT to all outstanding /easements for public utilities. SUBJECT to any and all out¬ standing taxes. The property will be sold at public outcry to the highest and best bidder for cash in bar of ail (equity of redemption, and will be sold as the property of Mrs. Evelyn R. Watson, her heirs and assigns, the maker of the afore¬ said security deed, and said sale will divest all of the right, title, and interest of the said Evelyn R. Watson, her heirs and as¬ signs, in and to said property, and shall invest the same in the purchaser. This 7th day of October, 1957. ROSSVILLE FEDERAL SAVINGS & LOAN AS¬ SOCIATION, acting pursuant to the secur¬ ity deed of record in Deed Book 50, Page 324- 30 Dade County, Ga. Deed Records. PAUL W. PAINTER ATTORNEY AT LAW 112 HOWARD STREET ROSSVTLLE, GA. FRANK M. GLEASON ATTORNEY AT LAW 100 HOWARD STREET ROSSVILLE, GEORGIA AMERICAN LEGION POST 'W Second and fourth Thursday night 7:30 P. M. every month Legion Hall. Dennis Sullivan, Comdg, A. J. Atchley, AdJ...... THE DADE COUNTY TIMES, TRENTON, GEORGIA, THURSDAY, OCTOBER 24, 1957 GEORGIA. DADE COUNTY The petition of J. C. Herman, Ruth M. Herman and Calvin Grant, hereinafter called Pet¬ itioners, respectfully shows:— - 1 - Petitioners desire for them¬ selves, their associates and suc¬ cessors, to be incorporated under the name of “J. C. HERMAN MANUFACTURING COMPANY.” The principal office and place ol business of said corporation shall be located in Dade County, Georgia, with the privilege of establishing branch offices and Peaces of business in such other places as may be determined. - 2 - The post office address of applicant, J. C. Herman, is Tren¬ ton, Georgia. The post office address of Ruth M. Herman is Trenton, Georgia. The post off¬ ice address of applicant, Calvin Grant, is Idlewild Circle, Chat¬ tanooga, Tennessee. -3- ............ The purpose and object of said corporation is pecuniary gain and profit. The general nature of the business to be transacted is and the corporate powers de¬ sired, are:— (a) To manufacture and sell at wholesale and at retail, furn¬ iture of all kinds and other pro¬ ducts as mav be determined, and to do all things necessary or incident thereto. (b) To buy and sell, acquire, own, hold, rent, lease, pledge, mortgage, transfer and assign both real estate and personal property of every kind and char¬ acter and to deal with the same in any way and manner that may seem expedient. (c) To have all of the powers and enjoy all of the privileges enumerated in Sections 22-1827, 22-1828 and 22-1870 of the Code of Georgia, and all of the other powers and privileges enum¬ and erated in Chapters 22-18 22-19 of said Code and all of the powers and privileges en¬ umerated therein are made a part hereof to the same extent as if the same were quoted herein. -4- The time for which the cor¬ poration is to have existence is thirty-five (35) years, with the privilege of renewal of the char¬ ter from time to time upon the expiration of said period of thirty-five (35) years. - 5- The amount of the capital will with which the corporation begin business shall be not less than $1,000.00 either in cash or other assets or a combination of the two. - 6 - The maximum number o f shares of stock that the cor¬ poration is authorized to have outstanding at any one time shall be two hundred and fifty (250) shares of common stock of a par value of one hun¬ dred dollars ($100.00) per share and one hundred and fifty (150) shares of preferred stock of a par value of one hundred dollars ($100.00) per share A11 voting rights shall b e held by the holders of the com¬ mon stock, each share of com¬ mon stock being entitled to one vote. The preferred stock shall have the rights, privileges and immunities hereinafter set forth and shall contain the following provisions, to-wit:— (a) DIVIDENDS: Holders of the preferred stock shall be en¬ titled to receive, when and as declared by the Board of Dir¬ ectors, from the annual net profits and net assets, in excess of the capital of the corporation, of yearly dividends at the rate Five Dollars ($5.00) per share, and no more; the dividends to be cumulative and paid before any dividend on common stock shall be paid or set apart. (b) PR EFERENCE UPON LIQUIDATION: In the event of liquidation, dissolution or wind¬ ing up of the Company, either voluntarily or involuntarily, the holders of preferred stock shall be entitled to be paid all unpaid cumulative dividends and shall share in the remaining assets of the Company in preference to the holders of the common stock. (c) REDEMPTION: The Com¬ pany may at its option, express¬ ed by vote of its Board of Dir¬ ectors, at any time or from time to time, redeem the whole or any part of the outstanding preferred stock. The redemption price for such stock shall be the par value of the stock, plus un- p a i d accumulated dividends. Notice of any proposed redemp¬ tion shall be given by the Com¬ pany by mailing a copy Dy of oi such sucn notice at least fifteen days prior to the date fixed for such red¬ emption to the holders of record of preferred stock to be redeem¬ ed at their respective addresses as shown on the books of the Company. Dividends on the stock called for redemption as herein provided for shall cease to accumulate from and after the date fixed in such notice. (d) RESTRICTIONS ON CORPORATE POWERS: The consent of the holders of two- thirds of the preferred stock shall be required for the creat¬ ion or issuance of any stock having preference or rights sen¬ ior to the preferred stock, the alteration, amendment or repeal of any of the provisions hereof relating to the preferred stock in any manner prejudicial to the holders thereof, or the mer- gei or consolidation of the Com¬ pany with any other corporation unless after such merger and consolidation the p r ef e rred stock shall be the senior secur¬ ity of the resulting or surviving corporation. (e) VOTING RIGHTS: The preferred stock shall have no voting rights except as may from time to time be mandatory under the laws of Georgia. -7- Applicants pray that the lia¬ bility of stockholders in said corporation be confined to the unpaid purchase price of the stock subscribed for by each. WHEREFORE, applicants pray to be incorporated under the name and style aforesaid, with all the rights and privileges herein set out and such addi¬ tional powers and privileges as may be necessary, proper or in¬ cident to the conduct of the business for which applicants are asking incorporation and as may be allowed like corporations under the laws of Georgia as they now or may hereafter exist. Maddox J. Hale Attorney for Applicants Filed in office this 30 day of September, 1957. Grace H. Williams Clerk of Superior Court Dade County, Georgia IN RE: PETITION TO INCOR¬ PORATE J. C. HERMAN MAN¬ UFACTURING COMPANY CHARTER APPLI CATION IN DADE SUPERIOR COURT ORDER OF COURT The foregoing petition of J. C. Herman, Ruth M. Herman, and Calvin Grant to be incor¬ porated under the name of J. C. HERMAN MANUFACTURING COMPANY, read and considered. It appearing that said petition in¬ is within the purview and tention of the laws applicable thereto, and that all of said laws have been fully complied with, including the presentation of a certificate from the Secret¬ ary of State as required by Sec. 22-1803 of the Annotated Code of Georgia; IT IS HEREBY ORDERED, ADJUDGED AND that all the prayers of, said pet¬ ition are granted and said appli¬ cants and their associates, successors and are here¬ Stay On The Right Side With Robertson Cleaners 3303 Broad Street , Chattanooga, Tenn. Opposite Old Glass House Restaurant. Leave At Drop Off Booth Going In Pick Up At Plant On Way Home. Bake Sale Set For Saturday There will be a Bake Sale Sat¬ urday morning, Oct. 26 in the Tatum Building between the H. F. Allison Agency and Sally’s Beauty Shop. The sale is plan¬ ned to aid Mrs. Estelle Scruggs’ 4th grade class which is in com¬ petition for the King and Queen Contest at the Fall Festival Nov. 2. Lindsay McMahan and Bob Hilten have been chosen to rep¬ resent the class in the contest. by incorporated and made a body politic under the name and style of J. C. HERMAN MANUFACTURING COMPANY for and during the period of thirty-five (35) years, with the privilege of renewal at the ex¬ piration of that time according to laws of * Georgia, and that said corporation is hereby granted and vested with all the rights and privileges mentioned in said petition. Decree entered this 30th day of September, 1957. John W. Davis Judge cf Superior Court Dade County, Georgia FOR HOME, llr hi BUSINESS, fpt mi OR THE FUTURE— mi m WE HAVE A BANKING SERVICE ,V FOR YOU! f (•xX: • AUTO LOANS ACCOUNTS m • SAVINGS mg 11& • HOME REPAIR LOANS Ift m-M • BANKING BY MAIL • BUSINESS LOANS • CHECKING ACCOUNTS • TRUST SERVICES American National Bank BANK! AND TRUST COMPANY ' CHATTANOOGA Main Office Market & Eighth Sts. ■ • St. Elmo Branch: 3734 14 St. St. Elmo Ave. I [ J Member Federal Deposit Insurance Corporation LOSE UGLY FAT IN 10 DAYS OR MONEY If you are overweight, here the first really thrilling news to come along in years. A new <& convenient way to get rid of extra pounds easier than ever, so you can be as slim and as you want. This new called DIATRON curbs hunger & appetite. No drugs, diet, no exercise. harmless. When you take DIAT¬ RON, you still enjoy your still eat the foods you like you simply don’t have the for extra portions and autom¬ atically your weight must come down, because, as your own doc¬ tor will tell you, when you less, you weigh less. weight endangers your kidneys. So no matter what have tried before, get and prove to yourself what can do. DIATRON is sold on GUARANTEE: You must weight with the first you use or the package you nothing. Just return the bottle to your druggist and your money back. costs $3.60 and is sold with strict money back by: HADDEN’S PHARMACY Trenton, Ga.
