The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-05-15
PETITION FOB CHARTER.
STATE OF GEORGIA,
nNIrNTY OF CIYNN

STATE OF GEORGIA,
COUNTY OF GLYNN.
To the Superior court of said county:
The petition OF G. T. Calnan, J, D.
White, ]. A. uraene, S. B. Henderson,
James Savage ana W. A. Potter, at
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 pecu1iary gain
of it's members, and they wish to own
hold, improve, and sell, or otherwise
dispose OF real estate, to lend money
and take security therefor, and TO
buy and sell stocks and bonds AMI
personal property Of any kind.
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-
ami dollars, DIVIDED into one hundred
shares Of the parValEe OF one hun
dred dollars each, with the right, by
majority vote Of the shareholders, to
increase the capital stock from time
to tina to any sum or sums not ex-
ceeding h.ty thousand dollars.
| Film. That the officers Of said
corporation shall be a president, wee
president. secretary and treasurer and
such erohicers 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
bava the right to fix ana prescribe
bylaws. rules and regulations for the
government Of said corporation, or
to delegate this authority to the board
OF directors.
Seventh That under sueh corpor-
ate name and style, your petitioners
desire the right 10 contract and be
contracted with; TO sue and he sued;
to borrow money and secure the same
as the board of directors may desire
to have and use a common seal, and
! to change the same at pleasure; and
| generally to have an The rights, priv
! ile8es ard powers incident to and nee
essary and proper in the conduct an
operation Of the business OF the cor
D0ration, ANA all the rights, priyi-
leges and powers given and granted
such corporations under the laws OF
Georgia.
Eighth That there shall be no in
dlyidual liability upon the part OF
any shareholder Of Incorporation eX-
| cept such amount as may be due by such
shareholder as unpaid subscription
for stock in said corporation.
Ninth 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 htrein named of The
Loan and Land Company of Bruins
wick, was filed in the ONCE of the
/ clerk of the superior court OF said
county on this May l3. 1902
A. 0. Townsend.
! Deputy Clerk Superior Court Glynn
/ County Georgia