The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-08-08
PErlrIoN FoR cHARrgR.
STATE OF GEORGIA, "
COUNTY OF CI.YNN

re III iON ron SfAH SR,
STATE OF GEORGIA. IN a
COUNTY OF GLYNN. II
To the Superior Court of Said county II
The petition of 2. c. Machen, Ed-I
win Brobston Albert Fendig and FL
H. Mason, ali9oI said state and coant
ty, and A. B. Coley, of the state IofI
New York, respectfully shows
l, That petitioners desire ford
themselves and such other persons as.
may hereinafter be associated With
them, to be Incorporated under tne
corporate mamie and style oil The
Brunswick and Birmingham develops
ment Company"
H. THAT the object of said poo
posed corporation is pecuniary gain
to its members, and its special objeGts
are to buy hold, own AMI improve
lands and real estate generally, and
TO sell exchange or otherwise dispose
of the same; to receive donations i0E
real estate and other property; to de-,
velop mineral lands, to develop town
sites and to encourage immigration
10 the localities in which it may be-
come interested; 70 receive donations
OF and to buy, own. hold ami sell
stocks ana bonds and other securities
and personal property Of any kind +
and generally to do such. other acts
and things as may be deemed for tRo
best interests of such Corporation.
which shah not. conflict vita the Laws
of Georgia. )
III That the principal Office )ot
the proposed corporation sfiatSrae. lin
the city o. Brunswick. in saia MI Il
OF Glynn, with the-I5g ss-tn<es9 ash
branches or age5s2Tes at any lie
point and in any other town Il coin
ty in Georgia or Alabama. oa Nelse.
where in the United States.
~. That the capital stock Of
the proposed corporation snaH TIA one
hundred thousand dollars, divide q I'M
to one thousand shares of tho par
value of one hundred dollars each,
with the right by majority vote Of
the capital stock. to increase such
capital stock from time 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 valuation 10 be fixed
by ne board of directors
" That said corporation shall
not have the right to begin business
until at least ten per centum OF the
capital stock subscribed is paid IN,
either in cash or in property,
VI. That the officers of said
cooperation shall be president, vice
president, secretary and Nte8surer,
and such other officers or agents as.
the shareholders or board of direct
ors may desire or direct that the
hoard OF directors shall consist of not
more than nine nor less than three.
members, all of whom shall be share
ho4oers, to be elected by the share
holders
VII That the shareholders shaIt
nave the right to fix and prescribe
rules, bylaws and regulations for thc
government of said corporation, or
TO delegate this authority TO tho bDard
LOT directors.
VIII. That under such corporate
name and style, your petitonrs desire
the rignL 70 contract AMI be con-
Hracted 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 ,naye and use a common seal,
and to change tae same at pleasure;
and generally to have an the rights
privileges and powers incident 10
and necessary and proper in tse con
duct and operation Of the business OF
the proposed corporation and all the
rights, privileges and powers given
and granted similar corporations uu-
.der the laws OF Georgia
TX That there sha ae 40 indi-
vidul liability upon the part OF any