The Brunswick times. [volume] (Brunswick, Ga.) 188?-1900, 1897-07-06
PETITION FOR INCORPORATION.
STATE OF GEORGIA, |
COUNTY OF GLYNN. !



To the superior court of said county: !
Tobias Newman, A. ii. Lane, Jacob Michel |
son, j. ii. Tankersley and A. +. Eve present
this, their petition fOrincorporation, and there
FIJI First. Each Of your petitioners is resident of
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 body polite by the laws of said
state, under the corporate name of the u.
Nicholson company" and for the purposes, with
the powers, and to be governed as hereinafter
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
0rs to carry on, engage in and do, under said
corporate name, and the object of their associa-
ton is merchandising at 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 pecunlary 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 or wholesale.
by city or country dry goods, gentlemen's fur
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 in any of the
lines of business aforesaid, for profit, hire or
commission.
Fourth. Your petitioners allege and desire
that the capital stock of said corporation shall
be ten thousand [SlOOCOl dollars. divided into
shares of one hundred l$l00] 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
1t; 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 vote of three-fourths 1874 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,
000l dollars.
Fifth. The domicile 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 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 eectng 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 in January of each year; but the pres
ident 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 rs 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 corporation shall have power |
and authority to make and enfofce bylaws for |
the government of its members and directors, |
and the creation and government of officers, SER
wants and agents when not 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 mpleaded, and exercise generally all the |
powers which belong to a corporation under the |
law, and which are not hereby sought to be |
abridged, OF which shall not be by its charter, |
when granted, denied; and to have, for the au- |
Identification of its acts required to be under |
seal. a common seal, the impression whereof |
shall be the corporate name.
Ninth. Petitioners ask that said corporation |
be empowered to have and to mold all real es |
tate and pertonal property, aside from its stock
in trade, which may be necessary for it to own |
in connection with and for Ike 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 a vote of the |
shareholders to issue bonds to an amount not to |
exceed fifty L2Ol per cent. Of its capital stock
the same by mortgage or deed of trust upon any |
or all of its property.
Eleventh. l our petitioners request tnat Sald |
corporation may have power, from time to |
time, to borrow money for the purpose of car |
rying on its established business, and to secure |
the same by mortgage or other lawful means of |
securing debt when necessary.
Twelve. Tat said corporation may have |
power TO receive in payment for stock sub |
seriptions real or personal property necessary |
or useful in the operation of It's business.
Thirteenth. Your petitioners desire that they 1
and their associates, sue essors and assigns, be |
incorpol ated and have succession as body |
polite under said corporate name, and with the |
corporate powers privileges and duties herein |
before set out, for the term of twenty [20l years
from the grant of such charter as hereby |
prayed for
NhereupOn your petitioners pray that upon
the due record of this petition in the clerks Of
lice 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 asso-
ciates, successors and assigns under the name,
and for the term, and for the powers, privi-
leges, etc, as hereinbefoIe alleged
CORTLAND SYMMES,
Petitioners Attorney.
Original filed in office June g. 1891
J. &. LEHMAN,
Deputy Clerk Superior Court, Glynn County,
Georgia.