The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1903-05-07
PETITION FOR CHARTER.
STATE OF GEORGIA,
CNENTV on CNINN

To the Superior Court of Said Coun
ty:
The petition Of f. E. Twitty, F
L. Lamar. and Willard Reese, ali o
said state and county, respectful!
shows:
l. Thai they desire for themselves
and such other persons as may be as
sociated with Them to be incorpora
tied under the corporate name and
style OF The Stanley Land Company
l 2. That the object Of the proposed
corporation is the pCcuniary gain OF
| its members, and its special object
are: 70 buy, own. hold and I'M
Lproye 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 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 shah be Bruns-
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
taafrg Atf al
right to receive in payment for stock
real estate or personal property at
a valuation to be fixed by the direc-
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.
.. That the officers of the corpora
ton shall be a President. Vice-Presi-
dent, Secretary and Treasurer, and
such other officers or agents as the
stockholders or directors may consu-
tute or appoint The board of dIrac-
tors shall consist of not less than
three nor more than nine persons, all
oil whom shall be share holders, and
such directors shall be elected by the
share holders.
6. That the stockholders shall have
the right to make bylaws, rules and
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 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 common seal, and to Change
the same at pleasure; and generally
to 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
poration, and all the rights, privileges
and powers given and granted similar
corporations under the laws of Geor-
gia.
8. That there shall he no individ-
uai liability upon the part of any
Shareholder Of the corporation, except
Tor such amount as may be due by
such shareholder as unpaid subscrip.
ton for stock in said corporation.
8, That petitioners desire to be in
corporated under said name and style
OF The Stanley Land Company" with
all the rights, privileges and powers
prayed for herein, for a period of
twenty years, with the privilege of
renewal at the expiration of that time.
f. r. TWITTY.
Petitioners Attorney.
GEORGIA, GLYNN COUNTY.
! hereby certify that the foregoing
application for incorporation by the
petitioners therein named of The Stan.
ley Land Company. was fled in the
once Of the clerk of the Superior
court OF said county this April .2t.
lgV3 II. F. du BlGNON.
Clerk Superior Court GIynn County,
Georgia