The Brunswick times. [volume] (Brunswick, Ga.) 188?-1900, 1897-06-15
PETITION FOR INCORPORATION.
TATE OF GEORGIA |
COUNTY OF CLAIM. (

COUNTY OF GLfNN.}
| 70 the superior court of said county:
| Tobias NeWman, \. IL. Lane, Jacob Nicholson,
j. II. Tankersey and \. f. Eve present this, their
| petition for incorporation, and thereupon alege
| as follows:
| said county and state and entitled to all the
| rights of citizenship.
| second Your petitioners desire that them
| selves and such other persons as may hereafter
be associated with them in that behalf. and
| their successors and assigns, be Incorporated
| and become a body polite by the laws Of sad
| STATE undCr the corporate name of the u.
| Nicholson company," and for the purposes,
with 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 ut wholesale and retail
dealers in 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 pecuniary gain to
Themselves. Of All snch ARTICLES WalcS and mer-
| chandise, of every character and nature, which
are sold or kept for sale at retail or wholesale.
| by city or country dry goods, gentlemcns lur-
nishings. 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 in any OF the
| lines of business aforesaid, for profit hire or
commission.
Fourth. Your petitioners alege and desire
| that the capital stock of said corporation shall
| he ten thousand [Sl0O00l dollars, divided into
| shares of one hundred LSi0G] dollars each, which
| is ready to be paid in 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-timc after
| its organization, mt any meeting duly called for
| the purpose, ON vote of thrce-fOurths l3-4l 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,
| 600 dollars.
| Fifth The domicile of said corporation shall
| he Glynn county, Georgia, and It's chief Office
| and place of business shall he i'll 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 l3l directors selected by the sharehoId-
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-
| taIv To he made by the shareholders at the time
of clecting directors, and said board of directors
| shall meet regularly on the first Mondays i'll
| January and July ofeach year. The sharehold-
crs. after their first meeting and organization
| under the charter, which they may fix when il
| is granted, shall meet regularly on the first
| Monday in January of each year; hut the pres
| idcnt may at any time call Il 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-
ploVes 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 o, sha have power
and auth rlty TO make a enforce bylaws for
the governmtn nj of its members anu dir. ctOrs,
and he leation and government ofotlcers, SER
wants and agents when II. in conflict with its
charter or the laws of the land.
Eighth. said corporation may e. tract and
be contracted with. sue and be sued. pie d and
be implicated, and exercise generally AL the
powers winch belong to a corporation under the
law. and which are not her by sought to he
abridged, or which shall not be by its charter.
when granted, Uenied; and 10 have. 1or the au-
thentie ltlon of its acts required to he under
seal. common seal, the. mprcssi II whereof
hail be the corporate name,
Ninth. Petitioners ak that said corporation
e empowered To have and To hold all real es-
tate and per soma property, aside from IL stock
in trade, which may lie necessary for II To own
in cOnnVc ion with and for the successful opera
tiou of its business, including buildings aud
sites, and to accept any such real OF personal
property in payment. or on account OF debts due
II, or buy the same outright, may seem best
u its lUard of dire ctOrs.
Tenth. Petitioners ask that said corporation
may have power and Aui horlty, on a vote of the
shareholders. TO issue bonds 10 AN amount not
to exceed fifty 50 per cent. of its capital stock
actually suisse ibed and p id in, ana To secure
The same by mort gage OF deed OF trust pom any
or ali of its property.
Eleventh. Your ettloners request tina said
corporation may have power from time TO
time. to borrow money Tor the purpose of car
the same by mortgage or other lawful means of
securing debt when necessary.
Twelfth. That said corporation may have
power To receive in payment for stock sub