The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-03-20
PETITION FOR Incorporation.
STATE OF GEORGIA,
COUNTY OF GLYNN.

PETITION FOR INCORPORATION.
! STATE OF GEORGIA,
COUNTY OF GLYNN.
To the Superior Court of said County:
The petition Of A. NJ. Smith. Willis
Merchant and +. e. Twitty, all Of said
state and county respectfully shows,
!. That petitioners desire for them
selves and such other persons as may
be hereafter associated with them to
be incorporated for a term Of twenty
years under the corporate name and
style Of The Brunswick Investment
and Improvement Company"
H. That the object OF said incor-
poraton Is the pecunlary gain OF it's
members, and its special objects are
to buy own hold improve, and to lease,
sell, mortgage, cucumber and other
wise dispose OF, real estate; to buy and
sell stocks and bonds and other Sc
curities. to make investments in real
and personal property generally, and
TO dispose of the same at win.
III. That the principal oface II said
corporation shall be in the city Of
Brunswick, in said Glynn county, with
the right to establish branch Offices
and agencies In other counties OF said
state and in otter states.
". The capital stock of said cor
poration shall be fifty thousand dol
lars $50,000), divided into five hun
dred shares of the par value of one
hundred dollars ($1O0) each, with the
/ right by majority vote OF such
shareholders to increase the capita
stock from time to time up to the sum
OF five hundred thousand dollars
/ $500 000). Petitioners desire that the
capital stock may be paid for either
in money or in real or personal pro
erty. at a valuation to be fixed by the
board Of directors.
v That, upon the granting OF this
application your petitioners, on a ma
jority of them. shall have the right to
designate any two or more OF their
members to open books OF subscription
for the capital stock of said corpora
ton, and, after fiYe hundred (50O)
shares Of stock have been subscribed
| for, to call a meeting Of such stock
holders for the purpose of accepting
charter and effecting organization OF
the company. with the right to begin
business when ten per cent. OF the
capital stock has been paid In
| vi. That the officers of said com
pany shall be a president. vice presi
dent, secretary and treasurer, and such
other officers as the shareholders or
board of directors may diem neces-
sary who shall be elected by the board
of directors; that the board of direc-
tors shall consist of not less than
three nor more than seven. all of
whom shall be shareholders. who snail
be elected by the shareholders.
VII That the shareholders shall
have the right to fix and prescribe by
laws, rules and regulations for the
government of the corporation, or to
delegate this authority to the board
of directors.
VIII. That under such corporate
name and style. your petitioners de-
sire the right to contract and be con-
tracted with; to sue and be 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 name at pleasure: and gen
orally to have all the rights, privileges
and powers incident to and necessary
and proper in the conduct and opration
OF the business of the corporation. and
all the rights, privileges and powers
given and granted such corporations
under the laws of Georgia.
IN. That there shall be no individ-
ual liability upon the part Of any
1 shareholder of the corporation. except
such amount as may be due by such
shareholder as unpaid subscription for
stock or shares in said corporation.
y. That they desire to be incor.
porated under said name and stvle ot
The Brunswick Investment and I'm
provement Company, with all the
rights, privileges and powers prayed
Tor herein, for period OF twenty
years, with privilege of renewal at
the expiration of that time.
And petitioners will ever pray.
F. +. TWITTY.
Attorney at Law for Petitioners
STATE OF GEORGIA.
COUNTY OF GLYNN:
| hereby certify that the above ann
foregoing application for incorpora-
ton. by the etitioners herein named,
.of The Brunswick Investment and I'm
provement Company, was filed in the
office of the clerk of the Superior
court of said county on this the l3th
day OF March. A D., 1902.
H. F. du BIGNON.
Clerk Superior Court. GIynn County.
Ga