UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Merry Land Properties, Inc.
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(Name of Issuer)
Common Stock (no par value)
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(Title of Class of Securities)
590441
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(CUSIP Number)
Mark S. Burgreen, Esq.
Hull, Towill, Norman & Barrett, P.C.
P. O. Box 1564, Augusta, GA 30903
(706) 722-4481
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 15, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f)
or 13d-1(g), check the following box: [ ]
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Page 1 of 5 Pages
CUSIP No.: 590441 Page 2 of 5
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(1) Name of Reporting Person Boone A. Knox
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S.S. or I.R.S. Identification No. of above person (Entities
Only)
SSN ###-##-####
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(2) Check the appropriate box if a member of a group
(a) [ ]
(b) [ ]
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(3) SEC use only
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(4) Source of Funds (See Instructions) OO
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(5) Check box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
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(6) Citizenship or Place of Organization
United States
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<TABLE>
<CAPTION>
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<S> <C> <C>
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Number of (7) Sole Voting Power 129,450
Shares ----------------------------------------------------------------------------------------------
Beneficially (8) Shared Voting Power 12,031
Owned by ----------------------------------------------------------------------------------------------
Each (9) Sole Dispositive Power 129,450
Reporting ----------------------------------------------------------------------------------------------
Person With (10) Shared Dispositive Power 12,031
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</TABLE>
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
141,481
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(12) Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
6.0%
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(14) Type of Reporting Person (See Instructions)
IN
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CUSIP No.: 590441 Page 3 of 5
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ITEM 1. SECURITY AND ISSUER
This statement relates to the common stock, no par value (the
"Common Stock") of Merry Land Properties, Inc., a Georgia
corporation (the "Company"). The principal executive offices of
the Company are located at 624 Ellis Street, Augusta, Georgia
30901.
ITEM 2. IDENTITY AND BACKGROUND
This statement is filed by Boone A. Knox, whose business
address is 624 Ellis Street, Augusta, Georgia 30901. Mr. Knox is
presently Chairman of the Board of Directors of Regions Bank,
Central Georgia, with offices at 149 Main Street, Thomson, Georgia
30824. Mr. Knox is also a Director of the Company and of Cousins
Properties, Inc., a publicly traded real estate investment trust,
and is a Trustee of Equity Residential Properties Trust, a publicly
traded real estate investment trust.
During the last five years, Mr. Knox has not been convicted in
a criminal proceeding (excluding traffic violations or similar
misdemeanors), or been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction which resulted in
him being subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or being found in
violation with respect to such laws.
Mr. Knox is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Common Stock was not acquired by purchase but was acquired
as a result of a spin-off distribution by Merry Land & Investment
Company, Inc. to its shareholders of all of the common stock of the
Company. For many years, Mr. Knox had been a beneficial owner of
the stock of Merry Land & Investment Company, Inc.
ITEM 4. PURPOSE OF TRANSACTION
All of the shares of Common Stock beneficially owned by Mr.
Knox are held for investment. Mr. Knox may, from time to time,
depending upon market conditions, liquidity needs and other
investment considerations, purchase additional shares of common
stock for investment or dispose of shares of Common Stock. As a
Director of the Company, Mr. Knox expects to regularly explore
potential actions and transactions which may be advantageous to the
Company, including, but not limited to, possible acquisitions,
dispositions, reorganizations, mergers, or other material changes
in the business, corporate structure, management, policies,
governing instruments, capitalization, securities or regulatory or
reporting obligations of the Company. Except as noted above, Mr.
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CUSIP No.: 590441 Page 4 of 5
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Knox has no plans or proposals which would relate to or result in
any of the matters referred to in paragraphs (a) through (g) of the
instructions to Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF ISSUER
(a) Mr. Knox beneficially owns an aggregate of 141,481 shares
of the Company's Common Stock, constituting 6.0% of the number of
shares of such common stock outstanding on the date hereof.
(b) With respect to the 141,481 shares of Common Stock
beneficially owned by Mr. Knox, such amounts include:
(1) 293 shares owned by his spouse, George-Ann
Knox, whose address is 3133 Washington Road,
Thomson, Georgia 30824. During the last five
years, Mrs. Knox has not been convicted in a
criminal proceeding (excluding traffic
violations or similar misdemeanors), or been a
party to a civil proceeding of a judicial or
administrative body of competent jurisdiction
which resulted in him being subject to a
judgment, decree or final order enjoining
future violations of, or prohibiting or
mandating activities subject to, federal or
state securities laws or being found in
violation with respect to such laws. Mrs. Knox
is a citizen of the United States of America.
These shares are treated as though Mr. Knox
has shared power to vote and dispose the
shares.
(2) 11,738 shares are owned in his capacity as
co-executor of the Estate of Peter S. Knox III
(Mr. Knox's brother). Mr. Knox is one of six
co-executors. The other co-executors include
the spouse and three children of Peter S. Knox
III, as well as SunTrust Bank, Augusta,
Georgia. Mr. Knox shares the power to vote
and dispose of these shares with the co-executors.
The address of the Estate of Peter
S. Knox III is c/o SunTrust Bank, Augusta,
Georgia, 801 Broad Street, Augusta, Georgia
30901.
(c) The Common Stock was not acquired by purchase but was
acquired on October 15, 1998 as a result of a spin-off distribution
by Merry Land & Investment Company, Inc. to its shareholders of all
of the common stock of the Company. For many years, Mr. Knox had
been a beneficial owner of the stock of Merry Land & Investment
Company, Inc.
Page 5 of 5
(d) Mr. Knox beneficially owns 110,750 shares of the Common
Stock as managing general partner of Knox Limited, a Georgia
limited partnership and 299 shares as managing general partner of
BT Investments, a Georgia general partnership. Mr. Knox does not
have the power to receive dividends or sales proceeds from these
shares, except to the extent of his interests in the partnerships.
Mr. Knox beneficially owns 11,046 share of Common Stock at Trustee
for the Knox Foundation and beneficially owns 40 shares as
custodian for niece and nephew, and as such does not have the power
to receive dividends or sales proceeds from these shares.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Statement
is true, complete and correct.
Dated: October 26, 1998
/s/ Boone A. Knox
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Signature
Boone A. Knox
