The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-05-08
PETITION FOR CHARTER.
sTATE OF GEORGIA.

COUNTY or GLYNN.
70 the superior court OF said county:
The petition of c. p. Goodyear. ST..
c. Downing w e. Dempster, Walter
b. Isaac, and C. p Goodyear, Jr.. all
of Glynn county. Georgia. respect
fully SHOWS:
First That they desire To be incor-
porated under the name and style of
the brunswick Paint Oil 81 Varnish
Company" for a term OF twenty
years, with the principal place of bus
mess at Brunswick Georgia and the
privilege of establishing agencies
elsewhere and employing agents in
this state. the United States and for
eign countries.
Second. The object of said com
pany is to engage in manufacturing
and selling goods for profit, and the
principal bushes which they desire
to engage in is the manufacture of
paint oil, yarnishes. mixed paints,
and sale of the same.
Third The capital stock of said
company to be, fifty thousand dol
lars ($50000). in shares OF one hun
bred dollars each, one-half com
mon stock and one half thereof to
be cumulative, participating prefer
red seven CO per cent. divi-
dend paying stock, that is to
say that before the common
stock shall receive dividends there
shall first be paid to the preferred
stock seven per cent dividend, and
if for any year earnings are INSULT
Client to pay all or any portion of such
seven per cent dividend that such I'M
paid dividend or portion thereof
shall be paid to said preferred stock
wheneVeh subsequent earnings au-
thorize it,, and should earnings au-
.horize an excess of dividend over
even per cent to both common and
preferred stock, such surplus, OF so
much thereof as is declared an ad
ditional dividend, to be divided equal
iy between the preferred and the com
mon stock; each class of stock to
nave equal voting power with the
other; each share of stock to be en-
titled TO one vote in all stockhold
2rs meetings; a majority of all stock
.ssued to constitute a quorum in such
meetings, and a majority of such quo
rum to decide all questions at reg
ular or called stockholders meetings
No part Of said stock has been paid
in but petitioners desire to engage III
business so soon as ten Der cent of
the t''ai stcck Of said company is
, AID IN cash INTO the the TIE lsdry Of
sail cGl1bGny, exclusive of rtrehas, :
for preferred stock of real estate ana
purchases for common stock Of for
mula, patent rights trade marks metd-
DDS and processes for the articles il
proposes to manufacture and sell.
Fourth. The said company to have
power to acquire real estate for the
purposes Of its incorporation and to
pay for some at fair valuation in
preferred stock, If desired, and to
acquire formula, patent rights, trade
marks, secret methods and processes
or the article it proposes to manu-
actnre and sell and to pay for same
at fair valuation in common sock.
i desired, to take real and personal
property in payment of debts to il or
to take security thereon; to issue
bonds and secure same hy7loYtgage
or deed of trust; to have and use a
common seal, to sue and be sued; to
plead and be impleaded; to make by
avs not in consistent with this
sharter for its government, including
the number and character of it's Off
ers and their compensation. and
generally to do any other act or acts
thing or things usually done by cor
porations, not inconsistent with this
charter, or the laws of this state or
Of the United States. And petition
ers will ever pray.
Respectfully submitted
c. P. Goodyear,
Attorney for petitioners.
Georgia. Glynn county.
!. Fl. +. du Bignon, clerk of the su-
perior court for Glynn county. Geor-
gia, do certify that the above ann
foregoing is true and correct copy of
the petition for charter OF me Bruins
wick Paint, OH e ,arnish company
filed in my office, this, the fifth day of
May 1902, Witness my hand
and official seal this, May :.
II. +. du Bignon,
Clerk Superior Court, Glynn County,
Georgia.