The Brunswick daily news. [volume] (Brunswick, Ga.) 1903-1906, 1903-05-22
PETITION FOR CHARTER.
STATE OF GEORGIA,
GfNHATFNU ON CNf MY

| COUNTY OF GYLNN.
To the superior Court of Said Coun-
ty:
The petition of f. E. Twitty, f.
l.. Lamar, and Willard Reese, all of
said state and county, respectfully
shows:
l. That they desire for themselves
and such other persons as may be as
sociatod with them to be incorpora-
| ted under the corporate name and
style of The Stanley Land Company"
2. That the object of the proposed
corporation is the pecuniary gain Of
its members, and its special objects
are: TO buy, own, hold and i'm
prove lands and real estate generally,
and to sell. lease or otherwise dis
pose Of such property; to buy, own,
hold and sell stocks and bonds ard
personal property of any kind; to lend
money and take security therefor;
and generally to do such other acts
and things as may be deemed Tor tins
best interests OF the corporation not
inconsistent with its character
y. That the principal office OF the
proposed corporation shall be Bruins.
wick, in said county Of Glynn.
4. That the capital stock of the
proposed corporation snail be Five
Thousand Dollars divided into fifty
shares OF the par value of One Hun
dred Dollars each, and petitioners de-
sire the right by a majority vote Of
stock to increase such capital stock
from time to time to any sum or sums
not to exceed Fifty Thousand Dol
lars. Petitioners also desire the
right to receive in payment for stock
real estate Or personal property al
Il valuation to be fixed by the drec-
tors. At least ten per centum OF the
subscribed capital stock shall be. paid
in before beginning business. and the
balance Shall be paid as called by the
directors.
b. That the officers Of the corpora
ton shall be a President, Vice-Preei-
dent, Secretary and Treasurer. and
such other officers or agents rs the
stockholders or directors may cunsa
tute or appoint. The board OF dlral
tors shall consist OF not less THAI
three nor more than nine persons, al,
OF Whom shall be share holders. aEC
such directors shall be elected by the
share holders.
e. That the stockholders shall have
the right to make bylaws, rules ara
regulations for the government of the
corporation, or to delegate this au-
thority to the directors.
Z. That under such corporate name
and style, your petitioners desire tuu
right to contract and be contractea
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 chance
the same at pleasure; and generally
TO have all the rights, privileges ana
powers incident to and necessary and
proper In the conduct and operation
Oh the business Of the proposed cor
poratlon, and all the rights, privileges
and powers given and granted simjiar
corporations under the laws OF Geor.
gia.
O. That there shall be no indiyid.
uai HaoIIity upon the part of any
shareholder of the corporation, excent
lor such amount as may be due nv
such shareholder as unpaid subscrjn.
tlon Tor stock in said corporation.
.. Ihat petitioners desire 10 he in.
corporated under said name and styIe
OF The Stanley Land Company" Win
all the rights, privileges and power4
prayed for herein, for a period Of
twenty years, with the privilege of
renewal at the expiration of that time
f. D. TWITTY,
croDc,. Petitioners Attorney.
GEORGIA, GLYNN COUNTY.
| hereby certify that the foregoing
appiicd'ion for Incorporation by fho
petitIoners therein named of the stan
ley Land Company, was filed in tha
ounce ounce or the clerk Of the Superior
court Ioua Of said county this Anril -
G 1yoo O.. Il. F. du BIGNON,
0Ierh Superior Courc GIynn COUNTY