The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-04-19
Petition ron INcoRPoRArIoN.
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 F. E. Twitty. all Of said
state and county, respectfully shows,
I /. 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
sstyle OF The Brunswick Investment
and Improvement Company"
H. That the object of said incor-
fporation 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
20 dispose of the same at win.
III. That the principal Office at said
corporation shall be in the city Of
| Brunswick. in said Glynn county, with
ghe right to establish branch offices
and agencies in other counties of said
state and in otber states.
Nv. The capital stock Of said cor
poration shall be. fifty thousand dol
ars (s5O.000), divided into five hun
| lred shares OF the par value OF one
hundred dollars $1,000 each, with the
eight, by a majority vote of such
shareholders. to increase the capital
stock from time to time up to the sum
Of five hundred thousand dollars
S50d000). Petitioners desire that the
capital stock may be paid for either
in money or in real or personal pro-
srty, at a valuation to be fixed by the
board OF directors.
| v That, upon the granting OF this
publication, your petitioners, or a ma
iority 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
zion. and after five hundred 5000
shares OF stock have been subscribed
tor, to call a meeting of such stock
holders for the purpose of accepting
charter and effecting organization OF
Ithe company with the right to begin
! business when ten per cent. of the
lcapita stock has been paid IN.
VI That the officers OF said com.
pany shall be a president, vice presi
| 1ent. secretary and treasurer, and such
other officers as the shareholders or
board OF directors may deem 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.
VIZ 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
lof directors.
! VIII. That. under such corporate
name and style, your petitioners de-
lsire 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 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
lof the business Of the corporation. and
Tau the rights, privileges and powers
lgiyen and granted such corporations
under the laws of Georgia.
TX. That there shall be no indiytd.
~, =
shareholder OF the corporation, except
such amount as may be due by such
shareholder as unpaid subscription for
stock or shares in said corporation.
X. That they desire to be incor-
porated under said name and style OF
IFhe Brunswick Investment and I'm
Iprovement Company, with all the
| rights, privileges and powers PRAYED
for herein. for a period OF twenty
years, with privilege of renewal at
the expiration of that time.
And petitioners will ever pray.
f. E. TWITTY.
Attorney at Law for Petitioners
Estate OF GEORGIA.
| COUNTY Or GLYNN.
: | hereby certify that the above and
foregoing application for incorpora-
ton, by the etitioners herein named
lof The Brunswick Investment and In.
IproYement Company, was filed in the
lothce OF the clerk of the Superior
court Of said county on this the nth
Iday OF March, A. D., 1902.
H. +. du BIGNON,
Clerk superior Court Glynn County.
Ga.