The Brunswick daily news. [volume] (Brunswick, Ga.) 1903-1906, 1903-05-30
PETITION FOR CHARTER.
STATE OF GEORGIA,
nnTrNInN ON owl NM

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
ISOLATED 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
it's 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 ana
personal property of any kind; to lenf
money and take security therefor;
and generally to do such other acts
and things as may be deemed for the
best interests of the corporation not
inconsistent with its character
q. That the principal Office of the
proposed corporation shall be Bruns
wick, in said county of Glynn.
4. That the capital stock of the
proposed corporation shall be Five
Thousand Dollars divided into lift
shares of the par value of One Hun
dred Dollars each. and petitioners de
sire the right by a majority vote o;
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 a;
a valuation to be fixed by the direc
tors. AT least ten per centum OF ths
subscribed capital stock shall be pait.
in before beginning business, and the
balance shall be paid as called by tht
directors.
.. That the officers of the corpora
ton shall be a President. Vice-Presl-
dent, Secretary and Treasurer, am.
buch other officers or agents as the
stockholders or directors may constI
tute or appoint. The board OF dlral
tors shall consist Of not less thai
three nor more than nine persons, al.
OIL whom shall be share holders. and
such directors shall be elected by in,
snare holders.
8. That the stockholders shall have
the right to make bylaws. rules an.
regulations for the government 81 the
corporation, or to delegate this au-
thority to the directors.
L. That under such corporate name
and style, your petitioners desire t,t
right to contract and be contracje,
with; to sue and be sued; to borrow
money and secure the same as tn,
BOARD OF directors may desire; to have
and use common seal, and to chance
the same at pleasure; and general
TO have ali the rights, privileges an,
powers incident to and necessary and
proper IN the conduct and operation
81 ths business of the proposed cor
poratlon, and all the rights, privilege.
ana powers given and granted similar
corporations under the laws of Geor
gia.
O. That there shall be no individ-
uai liability upon the part Of anv
shareholder of the corporation. excent
LOT such amount as may be due Nv
such shareholder hs unpaid subscrin.
'lon LOT stock in safyone hoWN,n.
1hat petitioners desire to be in.
corporated under said name and stvle
Oh Inc Stanley Land Company" win
all tne rights, privileges and mowers
prayed for herein, for a period ri
twenty years, with the prisflege of
renewal at the expiration O, that linn
F. E. TWITTY,
cEopr,. petitioners Attorney.
6EoRGlA, GLYNN COUNTY.
= hereby certify that the foregoing
Application for incorporation hy tne
petitioners thereib named of the Stan.
icy Land Company;swas filed in t i,,,
once of the clerk 81 the sunorIn 10 &c
court Ioud OF said county TITS Anril 81
C yop c. Il. f. du BIGNON.
Cierk superior Court Glynn Comfy
Georgia. EQUITY