The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-04-05
pErIrIoN FoR INcoRpoRATIoN.
STATE OF GEORGIA,

Pc ION FOK iNGORPOkR lOIN'
STATE OF GEORGIA,
COUNTY OF GLYNN.
To the Superior Court OF said County:
The petition Of A. NJ. Smith, Willis
Merchant and F. Z. Twitty, all OF said
state and county, respectfully shows,
l. That petitioners desire for them
selves and such other persons as may
be hereafter associated with them TO
be incorporated for a term of twenty
years, under the corporate name and
style of The Brunswick Investment
ana Improvement Company"
H. That the object of said incor-
poration is the pecunlary gain OF its
members, and its special objects are
TO buy own, hold improve, and to lease,
sell mortgage, cucumber and other
wise dispose OF, real estate; to buy and
sell stocks ana bonds and other Sc
curities, to make Investments in real
and personal property generally, and
to dispose Of the same at will
Ill That the principal ONCE IT said
corporation shall be in the city OF
Brunswick, in said Glynn county, with
the right to establish branch offices
and agencies in other counties of said
state and in other states.
~ The capital stock OF said cor
poration shall be fifty thousand dol
lars (s5O.000 divided into i've hun
bred shares Of the par value OF one
hundred dollars ($l0O each. with the
right. by a majority vote OF such
share holders, to increase the capital
stock from time to time up to the sum
Of five hundred thousand dollars
($500,000) Petitioners desire that the
capital stock may be paid for elthel
in money or in real on personal pro
cry. at valuation to be fixed by the
board of directors.
V. That, upon the granting of this
application, your petitioners. or ma
i0rity OF them, shall have the right tc
designate any two or more OF theiI
members to open books OF subscription
for the capital stock Of said corpora
ton. and. after five hundred (5o0J
shares OF stock have been subscribed
Tor, to call a meeting Of such stock
holders for the purpose of acceptina
charter and eftecting organization o
the coillpany with the fleht TO begif
business "heh ten per cent OF the
capital stock has been paid in
vi. That the officers OF said com
pany shall be a president. vice pres
dent secretary and treasurer. and sucl
other officers as the shareholders Oh
BOARD oi directors may oeem neces
safy, VINO ai!ail oe elected by the hoart
u "''e0tuiS' 'hat tie BOARD Oh difec
'ofs Si'll consist 81 not less taal
''I''e nor more thah seven, an OF
""oih ahdil De Shareholders VINO shai
' Vie''u W '"e aiafeHoldefs'
VII, mat me shareholders shall
nave 'i'e r'Bhl 10 NIX ana prescribe by
laws iuIes anu regulations Tor the
government OF the corporation, on t.
oeIesdle TINS authority to the boarc
ol directors.
N'ii' nat under such corporate
name ana style your petitioners de
sure 'he Ilsht TO contract ana be con
= ''''ed WIN 70 sue ana be sued. &c
zorro" money ana secure the same as
me board OF directors may desire: &c
nave ana use common seal. and tc
change 'iie name at pleasure and gen
ei"i'y 10 nave an the rights privileges
anu powers incident to and necessary
ana proper IN t0e conduct and opration
~ we business OF the corporation and
an 'i'e Ilsnls' privileges ana powers
sl'eu anu granted sueh corporations
unueI , IN, laws OF Georgia.
- n"l there ShaH be no lndlvid
u"' ''aoii'S upon the part of any
stakeholder of the corporation. except