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GE ORGI A,· FULTON COUNTY Ti1e· pet i t.io e rs , EDWARD l•~00DY , Ge.o r g i a , ROBERT ALLl S ON, 2 4 1 Do~m e St r ee t, SW, Atl a n t a , s, v ·~ McDa n i e l S tre e t, . s1,; , Atl a n t a , Ge or(:'f i a , C. G. E ZZARD , . 24 5 Atl c1 ~1ta Av e ,rne , S:S , Atl a nta, Ge org ia, NATHl\NI 3 L PROTHO, G-~ ·J Ira S tre e t , SW, Atl c=. nt2, G2ors i a , GEORGB GRI ER, Gl enn S tre et, Stv , At l an·t a , Ge orJ ia, W. M. LIDU S , 711 Ma rti n Stre E;! t, S E, Atl a n t a , S·8 5 Sr~ith S tre.e t, · G2 org ic1, AVERY SHIE LDS , SW, Atl an t a , Ge or J ia, CLARK MARTIN, 1 06 5 McD c.mi e l Stree t, SW, Atl an t a , Ge_o r -::ri a , MA GGIE EVANS , 15 ':;, Lit'tle Stree t, SE , Atlant a , I • ,J • .~ Ge org i a , JOE STALLINGS ; 101 Vanir a S treet, SE, Atl c1n.ta, G2cs'r:)'i a , SAMUE L W. ; COCHRAN, 137 Va n ira 3 t.ree.t, SE, Atl ant a , G,:oorg ia, a nd AUSTI N FORD, 1 8 17 Ca 1: itol Ave nue, SE, Atl ant a , Gs org i a , d o n e r e ;_~y a s s oci ate. t hemse lve s f or t he p u.r ;,:·o : :-; e o f fo r mi n g a no . -1 -,;_" r of it cor ~ oi a ti on a nd r e s ~ectfully shows to t h e Co urt t he f ollo~ i ng : 1. Th a t p e tit ione r s d esir e f or t he mse l v e s and t he i r s ~ccessors to be i ncori ora t ed and made a b o d y cori o r a t e a s ~ rovi~e d b y the l a1,,rs ,-o f t h i s S t a t e u n d e r t he nc1me a ,. d style . of "'· .MODE L .:t-..1E IGHBOR..BOOD I NC. , ' f6 r a : e ~i6a o1 t ~ i rty - f ive (3 5 ) years ~ ith fu ll ri ght s of r ene~a l as p rov i ded by l aw \vi t h ~-r i n cii.. l e o ff i c es i n At l an t a , Ft.1l t o n Cou i~ty, Gc> o .:cg i a . "'L, • The ob j e ct a n d p ur~o se o f s a i d c o r ~ o r a tio n i s t o c nga ;e i n t h e r e habi l i t 2 tio n , r e : ,a ir, i m;_·,r o v ement, c o n s tr -..1c tio11, o: .er c·\ tio,I - nc"! =a o ·--c L-'<·. t1-1·e ll i· nnr• i ·t s , ' " . ,,a \ <1:-,=-·1t 1. ':J ~, u n _ O . A .::, ' ' - - · " ~ - o a- -::.: t,o ,..-. r o "'v .l. ._,1e 0 ' 1'.·"'.t C u !1~
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o.ec e.nt hou s i ng fa ci lit i es fo r l oH anc~ moc1e r a t e inc o m2. fa !.,ilie s
and citi zei-1s o ~ At l cw t a <3 nc its envi ro, s :
I
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adcii ti o n t o
i n c cmmunity a ct ion ,...r ogr ams i nv o l v i r ·J b .e purcha se
l e <! SG
8 r'. ~f <} ;e
2nd
sa l e o f r r o ~e r ties for t h e ·: ir,· o s e o f nc n - : r ofit ~ r o j e ct s st c h
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as b uildin 3 co-~:s , credi t
un ions , and othe r ~imilar 1 ~oj e ct ~
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so as to irn.;;. rovc t.11e sl ms and con dition of low a nd moderate in-
com~ fc1milies a11d citi zens of At l anta .
3.
I.1 orde.r to p ror.e rly p rosecute t h e ir o})ject s and pur p o ses
above set f ort:i1, t.h e corp ora t i o n sha ll have t he f ull i-:owe r an(J
authority to;
{a )
to buy , o wn , le a s e at1d oth e r wis e a c qu ire , hold, encwnb e r,
mor'cg29e , sell , co nv ey anc1 othen:is e disp o se of all kinds of
rop erty , both r e al and p ersonal;
.{b }
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t o bor.:rmv mone y and i ss t1e e videnc es of inde;:>t eclness in
futhe r anc e of a:.ty a nd a ll of the o b j e ct s of it s bus inGss and
to secur e t1'1e san~e by m0rtga 9e , ;.,l edge or other lein o n t he
p ro....- e rty of the c orpor,rc.ion ;
{c)
to enter into c ontr a cts or ar ra1·19·ement s with any
Go v ernment or aut110r ity, nationa l, sta te, munici.: ·e1l ,
loc a l or
otherwi se c onduciv e to and in futhera1 c e of t he r ur p oses o f
..
this c o r 1 or a tio n , incl udi ng the exec u tion of a r egulatory ag r ee1
J'
ment with t he Federal Housing Authority, and of such other
i ns truments and unde rtak ings as may be n e c essary to enable the
, '
c or!_.or a-tion t o secure the benefits o f fin ancing v.'it h thG ass i s tance o f mortg age insuranc e and dire ct l oans under - th e i rbvis i on
of the Na tio n a l Housing Act;
(d )
to d o ea ch and e v erything ne c essa r y suit ab l e o f 1 rope r
for t he accom~;-li shm-2nt of: any o f t i1e r: url;o ses o f t he cor.:,oration ;
4.
3 a id - cor;_. , or a tion i s not org anizec.1 and s ha ll not ;
e o: ,e r ated
for pe~~ un iary gii n or ~ r ofit , and it s h a ll have no c ar itol stoc ~ .
Ne, ... a rt o f t n·e inc or:1e of Asses t s of t he c orLoration sha ll b e
distrib uted , nor i n ure to t he ·b e n e fi t of any i ndividua l.
5.
Hem}::;ers of t h e c oq,ora tio n sha ll c ons i s t of t he
crs ons
�hereinb efor e nant8d ;,s i ncorr orator s and suc h othe 1. r,e r s ons a s
from t ime to ti rue hereaft e r ma y be come me m:Jers in t h e manner
~ rovi ded by t~ e ly-l aws .
6.
Trie g ove r n i ng . b ody o f tJie c or1. or c1 tio
l
s h a ll b e t he l)o a rd
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of Tru s te es co s isting of no t l es__s th a:1 five memb e rs, no more
than f ifty.
The i n corp or a tio ns shi::1 11 be the .first me mb ers o f th e
The Bo rd o f Trustees may b y majority vote
boa r d o f Tr us t ee s .
h a v e the :.;;e wer to ado_:i·t
o.ll rul es a.n.d by-laws for t he corFoi·a tio n
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co n s i stent with the c h ait c r and to co nduct t he affairs a nd
activiti es o f t he cori; ora tio n .
T"k1e Tru s tee s shall he electe d
by t l1e mem:)e rs o f t he cor 1)oratio n .
Tr us t ees is o n e
The t e rm of office for t he
(1) year, a nd ~ - T:i:· i.;stees may be re mov ed from
of f ice with or witho u t
caus e by a vote.o f a ma jority o f 8 1e re-
ma i n i ng Trus tees.
7.
'l1h e Of f ic e r s of t h e cor~:i or a tion s hall i)e a c l":.a irma;i of th :::
"
Boa r d of Tr us t ees , t wo-Vice -Cha irman, a Secretary and ~Tre2 s u rer.
Th e Trus t ees
r.12ty
a ;_:,i oint such corr.1:1ittee s and crea t e suc11 other
,
.
officers as to t he:m see m be st and cleleg·r.1te to th em s ud1 ~·; 01.ve r s
a nd duti es as i n t he discretio11 of t he Truste e s may se e m
appro~:, ri a t e .
8.
Th ~J ~or ,o rat io n up o n t he vote of a majority of it s Tr ustees
a t t h e ti me , t hen i n o ff ic e s ha ll h~ve t he ~o~ e r to do ~nd
rer forrn a ny a nd all t h e _;:-,m.-.:e r s co n fe rred Ly t 11is c'1a rt e r or t' .e
l ai,,s o f t he St c3 t e o f G2 orgia , a nd sn c1ll. like·.v·i se ha v e all ot he r
,o,,.-cr s 2nd ~
-:r:.i.. vil e yes and immuntics whic~·. t .nd .r t he l a,, s o f
t he Sta t
of G~o r g i a now or h e r ea f t e r may be v e sted i n s imil ar
c orp or a tions .
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WHEREFORE , ~- l i:! i n ti ff s p r ay ;
(a ~ . t h a t t hey ma y b e i n cor2 or a ted u nd e r the n ~me a nd s tyle
aforeme rit io11ect ,,,ith all t he right s , p rivil eg·e s , and i mmuntie s
h ere i nbe f ore s e t o ut , a nd s uch othe r righ t s , r- mvers , p riv :i.l e g es
a n d i rnmu nt i e s a s may hereaft e r b e con f ,: ::rrecl up on corp ora tio ns
of lik e cha racte r
unde r t h e lat.i,1s o f Gc orgiu.
Rob~t B. Newma n
Attor~ey for Pe titioners
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�0 R D E R
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The fore0o i ng p e t i t ion hav i n1 bee n read and c ons i de r ed ,
a nc1 it . u>.:, enr i ng t o t he Cour_t t ha t sa i d i:;e tition is with i n
the r ervue and i n tent of the l aw i n suc h c ases made and
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1:rovicJ.ecl , and it fu rthe r a J.-·L' eari ng t o t he Co ur t t hat p e titio ne r s
have c om:: lied with all cond itions •. r e c edent and a ll sta t u t o r y
r equ i r e me nts a ~J lic a b l e
io
suc h ~ e titions :
I T I S HEREBY ORDERED AND ADJUDGED t hat
sa i c] Fe tition ·oe ,
a nd t he s a me i s he r eby grant e d and t 11a t :'.-' 'e titi one r s and t he ir
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suc c ess or s are h e reby i n cor~,oratec.1 f or. t he t e r m o 'f 35 yea r s w1 t11
t he ri Jht
to r enew t his c ha rte r a s r, rovided by law , a s a hooy
cor1 .- orate und e r t he name and s tyl e o f NODZL NE I GHB ORHOOD I NC.,
wi t1 out c a;,i t o l s t oc~~ and. wi th a ll the J,..owe rs , ::r i vil eJes , anrJ
i mmunt i e s se t
f o rth i n t he ir .:_. e tit i on t o 9 e t her with suc h otrie r
ri9h t s , p owers , ,;:,·rivil e·:ies and i mmunties as may h e r E:".!after 0e
affo r de~ by t he l aws o f t he State o f Gnor ~ia to s i mi l a r c o~ ora t ions .
d ay o f
This
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~, l ':i6 f3 . ~. . J udge , F . .,~ 1 t on Sui:;er i o r Court Atl anta J ud i cial Circ uit �
