The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-08-29
PETITION FOR CHARTER.
STATE OF GEORGIA,

9OONl VT Gl4t mn.
To the Superior Court OF Said county:
The petition of e. G. Machen, Ed
win Brobston, Albert Feniig and E.
II. Mason, all OF said state and coun-
ty, and A. B. Coley, of the state Of
New York, respectfully shows:
l. That petitioners desire for
themselves and such other persons as
may hereinafter be associated with
them, to be incorporated under the
corporate name and style of The
Brunswick and Birmingham Develop
Iment Company"
II. That the object of said prof.
posed corporation is pecuniary gain
to its members. and its special objects
'are to buy hold, own ana improve
lands and real estate generally, and
to sell exchange or otherwise dispose
OF the same; To receive donations of
real estate and other property; to de-
velop mineral lands. to develop town
sites and to encourage immigration
to the localities in which it may be
come interested; 70 receive donations
of and to buy. own, hold ana sell
stocks and bonds and other securities
and personal property of any kind;
and generally to do such other acts
and things as may be deemed for the
best interests of such corporation
which shalt not conflict WITH the laws
of Georgia
Ill. That the principal office of
the proposed corporation shall be in
the city o. Brunswick, in said county
of Glynn, with the right to establish
branches or agencies al any other
point and in any other town or coun
ty in Georgia or Aiabana, or else
where in the United States
". That the capital stock Of
the proposed corporation snail be one
hundred thousand dollars divided In
to one thousand shares Of the par
value of one hundred dollars each,
with the right, by a majority vote of
the capital stock 10 increase such
capital stock from dime to time TO
amy sum or sums not exceeding five
hundred thousand dollars, that they
desire the right to receive in payment
for such stock real estate or personal
property, at a valuation to be fixed
by tne board of directors.
V. That said corporation snail
not have the right to begin business
until at least ten per centum OF the
capital stock subscribed Is paid ill.,
either in cash or in property
vi. That the officers OF said
corporation shall be a president, vice
president, secretary and Nteasurer.
and such other officers or agents as
the shareholders or board of direct
ors may desire or direct; that the
board Of directors shall consist Of not
more than nine nor less than three
members, all OF whom shall be share
holders, to be elected by the share
holders.
VII. That the shareholders shall
have the rigat to fix and prescribe
rules, bylaws and regulations for the
government Of said corporation, or
to delegate this authority 70 the board
of directors.
VIII. That, under such corporate
name and style your petltionrs desire
the rignC 10 contract and be con
tracted with; to sue and be suedi to
borrow money and secure the same
as the board OF directors may desire;
to lend money and take security there
for; to nave and use a common seal
and to change the same at pleasure
and generally to have all the rights
privileges and powers incident ito
and necessary and proper in the con
duct and operation oil the business Of
the proposed corporation, and all the