The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-04-04
PETITION FOR INCORPORATION
STATE OF GEORGIA.


COUNTY OF CLYNN-
To the Superior court of said county:
The petition Of Frank P. Brooks, of
the state of New York; N Emanuel,
j. J. Lott, c. d. Ogg, Albert Fendig, E.
H. Mason and E. c. Machen, all of the
state of Georgia, county of Glynn, re
specially shows,
|. That they desire for themselves
and such other persons as may be
hereafter associated with them to be
incorporated under the name and style
Of The Brunswick Steel and Iron
Company"
H. That the object of said corpora
| ton is the pecuniary gain Of its mem
bers, and its special objects are: To
manufacture and sell iron and steel
and all the various products thereof,
including machinery OF all kinds; to
! buy. build, sell, lease or charter steam
| ships, steamboats,, sailing vessels and
water craft Of all classes; to con
| struct, maintain and operate a dry
| dock and marine railway, for the
building and repairing OF ships, boats
| vessels and water craft Of any and all
| classes.
Ill That the princial Office of said
corporation shall be in the city OF
| Brunswick. in said county Of Glynn,
| with the right to establish branch Of
fees and agencies elsewhere in said
state and in other states ana in foreign
countries.
| " That the capital stock Of said
| company shall be twenty-five thousand
| dollars (s25.000), divided into twenty
five hundred shares Of the par value
of ten dollars eacn, with the right, by
a majority vote of the shareholders
| to increase the capital stock from time
to time, to any sum or sums not ex-
ceeding five million dollars (S5 1000, =
000J. That said corporation shall have
the right to accept real or personal
property in payment for stock. at a
valuation to be hxed by the board OF
directors OF said company.
v That, upon the granting of this
application, your petitioners. or a ma
iority Of them. shall have the right to
designate any two or more of their
number to open books OF subscription
for the capital stock Of said corpora
Ition, and after $500 shares
Iof stock have been subscribed for. TO
Icall meeting Of such shareholders
for the purpose Of accepting charter
and effecting organization of the com
pany, with the right to begin business
when ten per cent Of the capital stock
has been paid in
| vi That the omcers OF said com
pany shall be a president. vice presi-
dent, secretary and treasurer. aud such
other officers as the shareholders or
board of directors may deem neces-
sary, who shall be elected by the board
Of directors: that the board Of airec-
tors shall consist OF not less than four
nor more than nine all of whom shall
be shareholders. who shall be elected
by the shareholders.
| VII. That the shareholders shall
nave the right TO fix an prescribe by
laws, rules and regulations tor the
government of the corporation. or "a
delegate this authority to the board Oh
directors.
VII That under such corporate
name and style your petitioners desire
the right to contract and be contract
ed with; to sue and be used. 10 buy
hold and improve real estate. as NAV
he required for the proper conduct OF
It's business. to borrow money and Sc
cure the same as the board OF direc-
tors may desire; 10 have ana use a
common seal and to change the same
at pleasure and generally to Aave ali
the rights. privileges and powers in.
cident to and necessary and proper In
the conduct and operation OF the bus.
mess OF the corporation. and all the
rights, privileges and powers given
and granted such corporations under
the laws OF Georgia
TX. That there shall be no ndi.
Pldual liability upon the part OF any
shareholder Of the corporation. except
such amount as may be due by such
shareholder as unpaid subscription for
stock or shares in said corporation.
X. That they desire to be incor.
porated under said name and STYLE OF
The Brunswick Steel and Iron Com
pany. with all the rights privileges
and powers prayed for herein, for a
period OF twenty years. with privilege
OF renewal at the expiration OF that
time
And petitioners viii ever pray
F. E. TWITTY.
Attorney at Law for Petitioners.
STATE or GEORGIA
COUNTY Or GLYNN.
hereby certify that the above ana
foregoing application for incorpora-
uon by the petitioners herein uamea
OF The Brunswick Steel and Iron Com
pany, was filed in the office OF the clerk
OF the Superior court of said county
on this, the nth day of March. A. d
1902
H. F. du BIGNON.
Clerk Superior Court Glyun County
Why insure with other companies
when you can save 10 per cent. to
| ~ per cent. year on your premiums
/