The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-04-09
PETITION FOR INCORPORATION.
STATE OF. GEORGIA.

> n n We IA%0ANAAH1g
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. G. Machen, all of the
state of Georgia, county of Glynn, re-
spectfully 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 1.-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, ia said county of Glynn,
with the right to establish branch Of
fees and agencies elsewhere in said
state and in other states and in foreign
countries.
~. That the capital stock of said
company shall be twenty-five thousand
dollars ($25,000), divided into twenty
five hundred shares of the par value
of ten dollars eacn, with the right, by
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 $4,000.
OO0l 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.
ton, and. after $500 shares
of stock have been subscribed for, to
call 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 ofucers of said com.
pany shalt be president. vice presi.
dent, secretary and treasurer, and 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 direc-
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
have the right TO fix AMI prescribe by.
laws, rules and regulations for the
government OF the corporation, or to
delegate this authority to the board OF
directors.
VIII That, under such corporate
name and style, your petitioners desire
the right to contract and be contract.
ed with to sue and be used; to buy.
hold and improve real estate as may
be required for the proper conduct OF
its business; to borrow money and Sc
cure the same as the board of direc.
tors may desire; to have and use a
common seal. and to change the same
at pleasure; and generally to have all
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 an the
rights, privileges and powers given
and granted such corporations under
the laws OF Georgia.
TX. That there shall be no indi-
vidual 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 will ever pray.
f. K. TWITTY.
Attorney at Law for Petitioners.
STATE OF GEORGIA,
COUNTY OF GLYNN:
hereby certify that the above anu
foregoing application for incorpora.
ton hN the netitInnars hnrni,, rnr,,n,.