Alexander M. Moye and Judy H. Moye - Page 7

                                                                                - 7 -- 7 -                                                                                 

                    petitioners late in 1989 when they borrowed money from United                                                                                          
                    Bank to finance their police dog business.                                                                                                             
                              On January 24, 1990, the SBA mailed a loan agreement to                                                                                      
                    United Bank.  It stated that the SBA had approved a loan guaranty                                                                                      
                    for the $500,000 loan made to "Rosewood Kennels, Inc., d/b/a/                                                                                          
                    Southern Police Dog Academy".  The loan agreement included forms                                                                                       
                    for petitioners to sign.  The signature line was as follows:                                                                                           
                                                                                Rosewood Kennels, Inc.,                                                                    
                                                                                d/b/a Southern Police Dog Academy                                                          
                                                                                Williamson, Georgia                                                                        
                                                                                Judy H. Moye                                      Date                                     
                    Petitioner signed and Mr. Moye attested the document.                                                                                                  
                    E.        Incorporation of Rosewood Kennels, Inc.                                                                                                      
                              Near the end of 1989, petitioners met with Oddo at the                                                                                       
                    future construction site of the police dog training business.                                                                                          
                    They generally discussed incorporating the business.  Oddo                                                                                             
                    believed that petitioners would delay incorporating for several                                                                                        
                    months because of the construction.                                                                                                                    
                              Petitioners wanted to operate the police dog training                                                                                        
                    business as the Southern Police Dog Academy, a division of                                                                                             
                    Rosewood Kennels, Inc.  Petitioners asked Bischoff to organize a                                                                                       
                    corporation for them in 1989 named "Rosewood Kennels, Inc."                                                                                            
                    Petitioners told him that they wanted to preserve the name and                                                                                         
                    that the corporation would begin to do business later.  Bischoff                                                                                       
                    applied for and on December 21, 1989, the secretary of state of                                                                                        

Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011