The Brunswick daily news. [volume] (Brunswick, Ga.) 1903-1906, 1903-05-29
PETITION FOR CHARTER.
STATE OF GEORGIA,


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-
led 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 and
personal property of any kind to leni
money and take security therefor;
and generally to do such other acts
and things as may be deemed for tnt
best interests OF the corporation not
Inconsistent with its character
y. That the principal office of the
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
a valuation TO be fixed by the direc
tors. At least ten per centum of the
subscribed capital stock shall be paiG
N before beginning business. and the
balance Shall be paid as called by the
directors.
B. That the officers of the corpora
,lon shall be a President. vice Pres
lent Secretary and Treasurer. an.
,uch other officers or agents as the |
tockhOlder5 CT directors may cons.
cute or appoint. The board CT drcc
.orS Shall consist of not less THAI
lhree nor more than nine persons, nj.
such directors shall be elected by tn.
share holders.
b. mat the stockholders shall have
The right to make bylaws, rules aut
regulations for the goVernm eut OF til,
corporation, or to delegate this au
,hority to the directors.
I. That under such corporate name
ana style, your petitioners desire tl
light to contract and be contractea
With; 10 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 chance
me same at pleasure; and generally
70 nave all the rights, privileges anu |
powers incident to and necessary ana
proper In the conduct and operation
of the business of the proposed cor.
poration, and all the rights, privileges
ana powers given and granted similar
corporations under the laws of Geor
5ia.
.. That there shall be no indiyid. |
lai liability upon the part of an, |
shareholder Of the corporation. excen,
or such amount as may be due nv
such shareholder as unpaid subscrin |
'ion for stock in said corporation
,. That petitioners desire 10 he in.
5oi porated under said name and stylo
d Inc Stanley Land Company" with
I'll the rights, privileges and power.
trayed for herein, for period of
swenty years with the privilege of
'ele"al at the expiration of that time.
f. E. TWITTY.
,,r Petitioners Attorney.
GEOltGlA, GLYNN COUNTY.
l hereby certify that the foregoing
application for Incorporation by tae
petitioners therein named of the Stan.
ley Land Company, was filed in the
omce OF TIE clerk Of the Superior
I ;ouIt OF said county this April 2I
10 H,oo;. c b. f. du BIGNON,
OIerk superior Courl Glynn County