The Brunswick times. [volume] (Brunswick, Ga.) 188?-1900, 1897-06-10
PETITION FOR INCORPORATION.
STATE OF GEORGIA
OliNrY OF GLYNN. !

To the superior court of said county:
Tobias Newman, \. II. Lane, Jacob Nicholson,
j. II. Tankersley and \. h. Eve present TINS, thcif
petition for incorporation, and thereupon allege
as follows:
First. Each of your petitioners is resident of
said county and state ana FhIllleu 10 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 Dehall, ana
their successors and assigns, be incorporated
and become a body polite by the laws OF saln
state, under the corporate name OF the d.
Nicholson company" and Tor the purpose
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 ana success
Ors 10 carry ON, engage in ana DO, undef sara
corporate name, and the object Of their assocla- :
ton is merchandising at wholesale and retail
dealers in dry goods, Sentlemen,s furnishings
boots and shoes, fancy goods and general mer-
chandse, in the buying and selling, barter ana
exchange, for profit and pecuniary gam TO
themselves of all such articles, wares and mer-
chandse, of every character and nature, when
are sold on. kept for sale at retail or wholesale,
by city or Country dry goods, gentlemen's lur-
nishings, boots and shoes and general merchan-
disc merchants, and with power to SAID c0rp9r-
TUctOr,
broker. Warehouseman or agent i'll 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
he ten thousand [Sl0,000l dollars, divided into
shares of one hundred $4,000 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 time after
its organization, at any meeting duly called Tor
the purpose, ON vote of three-fourths l3-ll of
the capital stock at that time, to raise the capl-
tai stock from time to time to an amount not
exceeding finally one hundred thousand $780,
900 dollars.
Fifth. The domicile of said corporation shall
he Glyun county, Georgia, and its chief Office
and place of business shall he 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-
cIs one of whom shall be chosen president an
other of whom shall be secretary of said cor
poration; the selection of president and secre-
larV to he made by the shareholders at the time
of clcctng directors, and said board of directors
shall meet regularly on the first Mondays in
January and July of each year. The shafehold-
ers after their first meeting and organization
under the charter, which they may fix when it
Is granted. shall meet regularly on The hrst
Monday in January of each year; but the pres
ident may at any time call Il directors or share
holders meeting. The stockholders shall elect
al 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 i'll 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-
ploycs 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 enforce bylaws for
the government of its members ana directors,
and he 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 ntract and
be contracted with, sue and be sued, plead and
be implicated, and exercise geners'ly a the
powers which belong TO Il cOrpol alton under the
law and wiich are not her by sought to be
abridged. OF which shalt not be by its cnai Ell,
when anted, denied: md TO have, Tor The au-
theniic ltion of its acts required to he under
seal, a common seal. the impressi II whereof
hall be the corporate name.
Ninth. Petitioners ask that said corporation
lie empowered to have and To hold all real es-
tate aud pei sonal property, aside from its stock
in trade, which mag be necesSal ] for IL to own
in connec lion with and for the successful opera
ton of its business, including buildings and
property in payment, or on account of deb due
il. or buy the same outright may seem best
II its board of di! ectUrs.
Tenth. Petitioners ask that said corporation
may have power and authority, on vote of the
shareholders, TO issue bonds u an amount not
to exceed nifty 50l per cent. OF Its CAPT; al stock
actually subscribed and id in, ana to secure
the same by mortgage or deed of trust upon any
or all of its opertg.
Eleventh. Your petitioners request that said
corporation may have power, from time o
lime, to borrow money lor 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.