The Brunswick times. [volume] (Brunswick, Ga.) 188?-1900, 1897-06-29
PETITION FOR INCORPORATION,
TATE OF GEORGIA
q MY OF GLYNN.

To the superior court of said county:
Tobias Newman, A. ii. Lane, Jacob Nicholson,
}. fl. Tankersley and \. +. Eve present this their
petition for incorporation, and thereupon alege
as follows:
First. Each of your petitioners is a resident of
sad county ana state and entitled to all the
rights of citizenship.
Second. Your petitioners desire that them
selves and such other persons as NAV hereafter
be associated with them in that behalf, and
their successors and assigns be incorporated
and become body polite by the laws of said
state under the corporate name of the y
Nicholson company" and for the purposes
wifi The powers, and to be governed as herein
after mentioned.
Third. Your petitioners allege and desire that
the particular business which said corporation
shall transact and which petitioners propose
for themselves and their associates and success
ors to carry on, engage i'll and do, under said
corporate name, and the object of their associa-
ton is merchandising at wholesale and retail
dealers III dry goods, gentlemen's furnishings
boots and shoes, fancy goods and general mer-
chandise, in the buying and selling, barter and
exchange, for profit and pecunary gain to
themselves, of all such articles, wares and mer-
chandise, OF every character and nature, which
are sold or kept for sale at retail OF Wholesale
by city or country dry goods, gentlemens lur-
nshings, boots and shoes and general merchan-
disc merchants, and with power to said cOrpor-
alton to act As commission merchant, factor,
broker, warehouseman or agent i'll any of the
lines of business aforesaid, for profit, hire OF
commission.
Fourth. Your petitioners allege and desire
that the capital stock of said corporation shall
De ten thousand lSl0,OUUl dollars, divided into
shares of one hundred L$l00l dollars each, which
Is ready to be paid i'll Immediately upon the
grant and acceptance of the charter as prayed
for hereby, and the opening of subscription
books and organization of the company under
it: with the right, however. to the shareholders,
at any time or times and from time to time after
Its organization, at any meeting duly called for
the purpose, on a vote of three -fourths l3-4] of
the capital stock at that time to raise the capt.
tai stock from time to time to an amount not
exceeding finally one hundred thousand $780,
900 dollars.
Fifth. The domicle of said corporation shall
be Glynn county, Georgia, and its chief office
and place of business shall be in the city of
Brunswick therein.
Sixth Petitioners desire that said corporation
SHALL saving as herein otherwise requested to be
provided to the contrary, be governed by Il board
Of three III directors selected by the sharehold-
ers, one of whom shall be chosen president an
other of whom shall be secretary of said cor
poration; the selection of president and secre-
tary to be made by the shareholders at the time
of electng directors, and said board of directors
shall meet regularly ON the first Mondays in
January and July ofeach year. The sharehold-
ers after their first meeting and organization
under the charter, which they may fix when it
is granted. shall meet regularly on the first
Monday i'll January of each year; but the pres
ldent may at any time call directors or share
holders meeting. The stockholders shall elect
at the time of organization under the charter,
and at each annual meeting thereafter, some
person who shall act as general manager of said
corporation. and who in the matter of purchase
and sale of goods, receipt and disbursement of
money, and the ordinary and usual conduct of
the business, shall have the management of the
same and the supervision and control of all en-
ployes engaged by the company, and shall also
be the treasurer of said corporation, and his
term of Office and pay shall be fixed and regu-
lated by the bylaws of the company.
Seventh. Said corporal on shall have power
and authority to make and enforce bylaws for
tne government of its members ana directors
and he cleation and government of officers, ser
wants and agents when in conflict with its
charter or the laws of the land.
Eighth. SAID corporation may contract and
be contracted with, sue and be sued, plead and
be implicated, and exercise generally | the
powers winch belong to Il corporation under the
law, and which are not her by sought to be
abridged, or " hich shall not be by its charter
Wh-n granted, denied; and to have, for The au-
1hentic alton of its acts required to be under
seal, common SEAL the impression whereof
shall be the corporate name.
Ninth. Petitioners ask that said corporation
be empowered to have and to hold all real es-
tate and elsonal property, aside from its stock
i'll trade, which may be necessary for it to own
in connt lion vii h and for the successful opera
ton of its business, including buildings and
sites, and to accept any such real or personal
property in payment, or on account of debts due
it, or buy the same outright, as may seem best
To its board of directors.
Tenth. Petitioners ask that said corporation
may have power and authority, on vote of the
shareholders, to issue bonds to an amount not
To exceed fifty so per cent. of its capt. al stock
actually subscl ibed and p id in, and to secure
the same by mortgage or deed of trust upon any
or all of its property.
Eleventh. Your petitioners request thai said
corporation may have power, from time 10
time, to borrow money Tor the purpose of car
rSing on its established business, and to secure
the same by mortgage or other laval means of
securing debt when necessary.
Twelfth. That said corporation may have
power to receive i'll payment for stock sub
scriptions real or personal property necessary
useful in the operation of its business.
Thu teenth. Your petitioners desire that they
and tn ir associates, successors and assigns, he
incorporated and have succession us Il body
polite under said corporate name, and with the
corpol ate powers, privileges and duties herein
b fore set out for the term of twenty l20l years
from the grant of such charter as hereby
pr tyed for.
Whereupon your petitioners pray that upon
the due record of this petition in the clerks Of
flee of this court, and the due publication there
of according to law, that an order may be
granted allowing the prayers of this petition
and Incorporating your petitioners; their ass y
ciates, successors and assigns un Ter the name
and for the term, and with the powers, pIvil-
eyes, etc, as hereinbefore alleged.
CORTLAND SYMMES,
Petitioners Attorney
Original filed in office June 9, ls97.
j. C. LEHMAN,
Deputy Clerk Superior Court, Gynn County,
Georgia.