The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-09-05
PETITION roR CHARTER.
sTATE OF GEoRGrA
COUNTY OF GLYNN.

NUN 4 OF Gl41 mn.
To the Superior Court of Said county:
The petition of e. c. Machen, Ed
win BrobSton, Albert Fendig and e.
H. Mason, all OF said state and coun-
", and A. B. Coley, of the 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 tne
corporate name and style of THE
Brunswick and Birmingham Develop
ment Company"
H. That the object of said pro
posed corporation is pecuniary gain
Ito 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; u receive donations
of and to buy, own, hold and 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 SHAH not conflict with the laws
of Georgia
Ill. That the principal office of
the proposed corporation shall be in
tne city o. Brunswick, In said county
OF Glynn, With the right to establish
branches or agencies at any other
point and in any other town or coun-
ty 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 III
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
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 .he 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 III,
either in cash or in property.
VI. That the officers OF said
corporation shall be president, vice
president, secretary and 'ueasurer
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 tnree
members, all OF whom shall be share
ho.uers, to be elected by the share
holders.
VlL That the shareholders shall
have the right 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 petitionrs desire
the rignL 70 contract and be con
tracted with; to sue and be sued; to
borrow money and secure the same
as the boaru of directors may desire;
to lend money and take security there
for to nave and use a common seal,
and to change tne same at pleasure;
and generally to have all the rights
privileges and powers incident to
and necessary and proper in the con
duct and operation of the business OF
the proposed corporation and all the
rights, privileges and powers given
and granted Similar corporations un-
der the laws Of Georgia.
TX That there shall ne 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 In said corporation
X. That petitioners desire to
be Incorporated under said name and
style Of The brunswick ana Birming-
ham Development Company, WITH all
the rights, privileges and powers pray
ed for herein, for period Of twenty
years, with the privilege Of renewal
at tho end ol that time.
f. p TWITTY,
Petitioners Attorney.
GEORGIA, GLYNN COUNTY.
l hereby certify that the foregoing
application for incorporation by the
petitioners therein named, of the
Brunswick and Birmingham Develop
ment Company, was filed In the Office
.of the clerk of the Superior Court of
said county on this, August l, 1902.
A. o. TOWNSEN4.,
Deputy clerk Superior Court Glynn
county, Georgia.