The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-08-15
PETITION FOR CHARTER.
STATE OF GEORGIA,
EOlTNTN OF C1 VIM

STATE OF GEORGIA,
COUNTY OF GLYNN
To the Superior Court Of Said county:
The petition of e. G. Machen, Ed
win Brobston, Albert Fendig and e.
II. Mason, all oil said state and coun-
ty, and A. B. Coley. Of tne state of
New York, respectfully shows:
|, 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
J ment Company"
IL. That the object of said pro
posed corporation is pecuniary gain
to its members, ana its special objects
; are to buy hold, own and 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-
volop 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 and sell
stocks and bonds and other securities
and personal property of any kind;
land generally to do such other acts
and things as may be deemed for the
best. interests Of such corporation.
which shall not conflict with the laws
of Georgia
Ill. That the principal Office of
the proposed corporation shall be in
the city Of Brunswick, in said county
OF Giynn. with the right to establish
branches or agencies at any other
point and in any other town or com
1 ~ in Georgia or Alabama, 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, to increase such
capital stock from time to time TO
any sum or sums not exceeding FIVE
! hundred thousand dollars that tney
desire the right to receive in payment
| for such stock real estate or personal
/ property, at a valuation To be fixed
/ by me board of directors.
| " That said corporation snail
not have the right to begin business
until at least ten per centum OF the
capital stock subscribed Is paid I'M
either in cash or In property.
/ VI. That the officers of SAID
| corporation shall be a president, vice
president, secretary and 'uleasureF
/ and such other officers or agents as
! the shareholders or board of direct
urs may desire or direct, that the
board OF directors shall consist of not
more than nine nor less than tnree
members, all of whom shall be share
lhol4ers. to be elected by the share
/ holders.
VII. That tho shareholders shall
have the rignt to fix and prescribe
rules. bylaws and regulations for the
| government Of said corporation or
TO delegate this authority 10 the board
Iof directors
VIII That, under such corporate
name and style your petitionrs desire
the rignL 40 contract ana be CON
itracted with; to sue and be sued; 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 ;s,Lgcidnnt t0
and necessary and proper in Inc con
Duct and operation of the business Of
! the proposed corporation and all tAe
rights privileges and powers given
and granted similar corporations un-
der the laws OF Georgia.
IX. That there sha4 oe no indr
yidual liability upon the part OF any
! shareholder Of the corporation except
such amount as NAV be due bv such