The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-05-06
ANOTHER NEW COMPANY

The following petition for incor-
poration tells of a new enterprise
soon to be started in tnis city.
STATE OF GEORGIA,
GLYNN COUNTY,
To the superior court of sard county:
The petition of C. T. Calnan, ], D.
White, ]. A. uraene, S. B. Henderson,
James Savage and w. A. Potter, all
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 nama and style of the
Loan and Land Company of Bruins
wick"
Second That the object of such
corporation is the pecuniary gain
Of its members, and they wish to own
hold, improve, and sell, or otherwise
dispose of real estate. to lend money
and take security Their, Of, and to buy
and sell stocks and bonds and for
other purposes.
Third. r hat the principal Office of
said corporation shall be in the city
of Brunswick, in said county of
Glynn.
Fourth. That the corporate stock
of said corporation shall be ten thous
ami dollars, DIVIDED into one hundred
shares Of the parvalue OF one hun
bred dollars each, with the right, by
majority vote Of the shareholders, to
increase the capital stock from time
to time to any sum or sums not ex-
ceeding fifty thousand dollars.
Fifth That the officers Of said
corporation shall be a president, vice
president, secretary and treasurer and
other officers or agents as the share
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 he elected
by the shareholders.
Sixth. That the shareholders shall
havq the right to fix and prescribe
| bylaws, rules and regulations for the
government Of said corporation. or
to delegate this authority to the board
| of directors.
Seventh That. under such corpor-
ate name and style, your petitioners
desire the right to contract and be
contracted 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 same at pleasure; and
generally to have all The rights. priv
ile@es aud powers incident to and nee
essary and proper in the conduct an.
operation Of the business of the cor
Doration. and all the rights. privi-
leges ana powers given and granted
such corporations under the laws of
Georgia
Eighth. That there shall be no in
hyidual liability upon the part of
any shareboldon, of the corporation,
such amount as may due by such
shareholder as unpaid subscription
for stock in said corporation.
Eighth That 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-
plration of that time.
f. f. Twitty,
Petitioners Attorney.
Georgia, Glynn county.
l hereby certify that the foregoing
application for incorporation, by the
petitioners herein named. of the
Loan AMI Land Company Of Bruins
wick, was filed in the office of the
clerk of the superior court of said
county on this May 5, 1902.
A. o. Townsend,
Deputy Clerk Superior court Glvnn
County, Georgia.