The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-05-16
PETITION FOR CHARTER.
STATE OF GEORGIA.

COUNTY OF GLYNN.
To the superior court of said county:
The petition Of G. p. Goodyear, ST.
&c. Downing, W. z. 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 & 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 ana for
eign countries.
Second. The object of said com
pany is to engage in manufacturing
and selling goods for profit, ana the
principal bushes which they desire
to engage in is the manufacture of
paint OIL varnisEes. MIXED paints,
and sale Of the same
Third. The capital stock of said
company TO be- fifty thousand dol
lars $3.50 ,000), in shares of one hun
dred dollars each one-half com
mon stock and one half thereof to
be cumulative, participating prefer
red seven "a per cent diyi-
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 insuff-
cient to pay all or any portion OF such
seven per cent dividend, that such I'M
maid dividend
shall be paid to said preferred stock
wheneyet subsequent earnings au-
thorize it, and should earnings au-
thorize an excess OF dividend over
seven per cent to both common and
preferred stock, such surplus, or so
much thereof as is declared an adj
dltlonal dividend, to be divided equal
~ 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-
ers meetings; ajority 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 Der cent Of
Tie to'di stCck Of said company is
aid 10 ca h into the the tie ssarv OF
Edli company. exclusive of ;prshnsos
Tor preferred stock Of real estate ana
purchases for common stock of for
inula, patent rights, trade marks metd
obs and processes for the articles if
proposes 90 manufacture and sell
Foufth. The said company to haze
power to acquire real estate for The
purposes Of its incorporation ana To
pay Tor some at a fair valuation In
preferred stock, If desired. ami to
acquire formula. patent rights trade
MARKS, secret methods and processes
Tor the article it proposes to mann
iacture and sell and to pay for same
at a fair valuation in common storl
II desired, to take real ana narsonal
property in payment of debts to il or
70 take security thereon. to issne
pohds and secure same byro,tgoga
or deed Of trust, TO have and uee
common al; to sue ana be sued Ia
p' al and be impleaded: to make nv
laws not i'm consistent with tbiy
charter for its government includino
tie number and character of its mn.
GERS and their compensation ana
generally to do any other act or acts
thing or things usually done nv cor
porations, not Inconsistent with tbis
charter or the iaws OF this state or
.ol the United States. And petition
ers viii ever pray.
Respectfully submitted
c. p. Goodyear.
Attorney for petitioners
Georgia, Glynn county.
l. II r. du Bjgnon clerk of tbo sr.
peflor court for Glynn county. Geor-
gIa, do certify that the above an1
foregoing is a true and correct cony ~
lhe petition for charter Ct the Rrune.
wick RANT OH & Narnish comnanv
nled IN my Office this. the afth DIV ~
May 1902, Witness nv Ian1
and oiicial seal this. Nav (,
II. f. du Bgnon
clerk superior Court. Glynn Comfy
Georgia. '''ii'y'
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