The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-05-07
PETITION FOR CHARTER.
or aEoRGIA.

STATE OF GEORGIA,
COUNTY OF GLYNN.
TO the Superior court OF said county:
The petition OF G. T. Calnan, j, D.
White, j. A. uraene, S. B. Henderson,
James Savage and w. A. Potter, all
OF said state and county, respectfully
shows:
First. That petitioners desire for
themselves, and such others persons
as may be hereafter associated with
them, to be Incorporated under the
corporate name and style of THE
Loan and Land Company OF Bruins
wick"
Second. That the object of such
corporation is the pecuniary gain
OF its members, and they wish to own
hold, improve, and sell, or otherwise
dispose OF real estate, to lend money
ana take security therefor, and to
buy and sell stocks and bonds and
for other ecurities.
Third. r hat the principal Office Of
| said corporation shall be in the city
OF Brunswick, in said county Of
| Glynn.
Fourth. That the capital stock
of said corporation shall be ten thous
and dollars, divided into one hundred
shares OF the parvalUe Oh one hun
dred dollars each, with the right, by
a majority vote OF the shareholders, to
increase the capital stock from time
to time TO any sum or sums not ex-
ceeding f.ty thousand dollars
Fifth That the officers Of said
corporation shall be a president, vice
president, secretary and treasurer and
such other ofiicerso or agents as the snare
holders or board of directors may de-
sire; that the board OF directors shall
consist Of not more than seven nor
not less than three all of whom snail
be shareholders, who shall be elected
| by the shareholders.
Sixth That the shareholders shall
havq the right to fix and prescribe
bylaws, rules and regulations for the
government Of said corporation, or
to delegate this authority TO the board
OF directors
Seventh That, under such corpor-
ate name and style, your petitioners
desire the right TO contract ana be
contracted with to sue and be sued;
| to borrow money and secure the same
as the board of directors may desire
to have and use common seal, and
| to change the same at pleasure and
generally TO have all the rights, priv
| ileges and powers incident to and nee
essary and proper 10 the conduct an.
| operation of the business OF the cor
poration, and all the rights, priYi-
| eges and powers given and granted
such corporations under the laws of
Georgia.
Eighth. That there shall be no in
| dividual liability upon the part of
any shareholder OF Incorporation ex-
| cept such amount as may be due by such
| shareholder az unpaid subscription
for stock in said corporation.
! Ninth. Al hat they desire TO be in
corporated under said name and
style of The Loan and Land Company
OF Brunswick with all the rights.
privileges and powers prayed for
herein, for a period of twenty years.
| with privilege OF renewal at the ex-
piraton of that time
f. e. Twitty.
Petitioners Attorney
Georgia Glynn county
| hereby certify that the foregoing
application for incorporation by the
! petitioners herein named of The
Loan and Land Company of Bruins.
wick. was filed in the Office of the
clerk Of the superior court of said
county on this May s. 1902.
A. O. Townsend.
Deputy Clerk Superior Court Glynn
County, Georgia