The Brunswick daily news. [volume] (Brunswick, Ga.) 1903-1906, 1903-06-06
PETITION FOR CHARTER.
STATE OF GEORGIA.

To the superior Court Of Said CouI

| COUNTY OF GYLNN
To the superior Court Of Said Coun-
| ty:
The petition of F. e. Twitty, f.
L, Lamar, ana Willard Reese. all Of
said state and county, respectfully
shows:
l. That they desire for themselves
and such other persons as may be as
fociated with them to be incorpora-
ed under the corporate name and
style Of The Stanley Land Company"
2. That the object of the proposed
corporation is the pecunlary gain OF
is members, and It's special ob1ects
are: To buy. own, hold and i'm
prove lands and real estate generally,
and to sell. lease or otherwise dis
Jose of such property; to buy, own,
mold and sell stocks and bonds and
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 for the
best interests Of the corporation not
Inconsistent with its character
.. 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 shall 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 majority vote OF
stock to Increase such capital stock
from time to time to any sum or suma
not to exceed Fifty Thousand Dol
lars. Petitioners also desire the
right to receive in payment for stock
real estate or personal property at
valuation to be fixed by the direc-
I tors. AT least ten per centum of tbs
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 President, Vice Presl-
dent, Secretary and Treasurer. ana
such other officers or agents rs the
stockholders or directors NAV constj.
tute or appoint. The board OF dlrec.
tors shall consist OF not less than
three nor more than nine persons, all
OF whom shall be share holders, and
such directors shall be elected By the
snare holders.
8. That the stockholders shall have
the right to make bylaws, rules and
regulations for the government or tho
corporation, or to delegate this au-
thority to the directors.
7. That under such corporate name
and style, your petitioners desire the
right to contract ana be contracted
with; to sue and be sued; to borrow
money and secure the same as tho
BOARD OF directors may desire; to have
and use common seal, and to change
the same at pleasure; and generally
10 have all the rights, privileges and
powers incident to and necessary and
proper In the conduct and operation
OF the business of the proposed cor.
poratlon, and all the rights privileges
ard powers given and granted similar
corporations under the laws of 0eor.
gla.
y. That there shall be no individ-
uaI Iaolilty upon the part Of anv
shareholder Of The corporation. excent
'or sHch amount as may be due bv
Such shareholder as unpaid subscrin.
uoh for stock IN said corporation.
y. Ihat petitioners desire TO he in
corp POI under said name and style
Oh The Stanley Land Company" win
all the rights, privileges and powars
prayed for herein, for period NJ
twenty years, with the privilege of
renewal at the expiration of that tfnoe
+. E. TWITTY.
cro Petitioners Attorney.
GEORGIA, GLYNN COUNTY
o,,L., neIepy certify that the foregoing
appncatlon for incorporation by the
hotitIohers therein named of the Stan.
10y Land Company. was filed in IN.
olnce OF the clerk of the Superior
G Iooa OF said county this April Al
C 1Too q. f. du BIGNON.
0i e, superior Court Glynn County