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

/ 1
! COUNTY OF GLYNN.
10 the superior court of said county:
The petition of G. p. Goodyear, ST.
! c. Downing. w. g. Dempster, Walter
b. Isaac, and G. p Goodyear, Jr., all
of Glynn county, Georgia. respect
| fully SHOWS:
! First That they desire 10 be incor-
porated under the name and style of
| the brunswick Paint Oil e Varnish
| Company for a term OF twenty
years, with the principal place of bus
| mess at Brunswick Georgia and the
p9iviDegc of establishing agencies
ELSEWHERE and employing agents in
| this state, the United States ami 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, yarnisRes. mixed paints,
and sale of the same.
Third The capital stock of said.
company to be- fifty thousand dol
lars ($500G0). in shares Of one hun
bred dollars each. One-half thereof to
be cumulative, participating prefer
red sQVen 90 per cent paying 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 a seven per cent dividend, and
| if for any year earnings are INSULT
cient to pay all or any portion of such
lseYen per cent dividend, that such I'M
paid dividend, or portion thereof
shall be paid to said preferred stock
whenever subsequent earnings au-
thOriZe it,, and should earnings au-
thoriZe an excess of dividend over
lgcven per cent to both common and
preferred stock such surplus, or SO
much thereof as is declared an ad-
ditional dividend, to be divided equal
ly between the preferred and the com
mon stock; each class of stock to
have equal voting power with the
other; each share of stock to be en-
titled to one vote in all stOckhold-
ors meetings; a majority of all stock
issued 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 in
business so soon as ten peT cent Of
the t~'al stock Of said company is
all in cash INTO the the ire lSury Of
SAIL cOllBfny, exclusive of purchases
for preferred stock Of real estate an,,
purchases Of common stock of for
mula, patent rights, trade marks metd-
DDS and processes for the articles if
proposes to manufacture and sell.
Il
power to acquire real estate for the
purposes Of its incorporation and to
| pay for some at a fair valuation In
preferred stock, if desired, and to
acquire formula, patent rights, trade
marks, secret methods and processes
for the article it proposes to manu-
facture and sell and to pay for same
at fair valuation in common sock
if desired to take real and personal
| property in payment Of debts to it or
to take security thereon; to issue
| bonds and secure same by 1.JYtgage
| or deed of trust; to have and use a
common seal; to sue and be sued; to
plead and be impleaded: to mike bv-
laws not in consistent with this
charter for its government including
| the number and character of its Off
GERS and their compensation, and
generally to do any other act or acts
thing or things usually done by cor
| poratiCns not inconsistent with this
| charter, or the laws of this state or
Of the United States. And petit1on-
srs will ever pray.
Respectfully submitted
G. p. Goodyear,
Attorney for petitioners.
Georgia, Glynn county
J. II. f. du Bignon, clerk Of the sii-
Derior court for Glynn county, Geor.
gia, do certify that the above an
foregoing is a true and correct copy OF
the petition for charter of the Buns.
wick Paint, OIL & arnish company
filed in my office, this, the fifth day of
May 1902, Witness my hand
and onicial seal this, May b.
II. f. du Bignon,
Clerk Superior Court, Glynn County