The Brunswick daily news. [volume] (Brunswick, Ga.) 1903-1906, 1903-06-10
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PETITION FOR CHARTER.
STATE OF GEORGIA.

COUNl Ot G1l-NN.
To the Superior Court of Said Coun-
ty:
The petition of F. C. Tw!tty, F.
l.. Lamar. and Willard Reese. all OF
said state and county, respectfully
shows:
/. That they desire for themselves
and such other persons as may be as
ociatcd with them to be incorpora-
led under the corporate name and
style Of The Stanley Land Company.
,. That the OBJECT Of the proposed
nrno"atioa is the uccunary gain N
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 and
personal property of any kind; to len,i
money and take security therefor;
and generally to DO such other acts
and things as may be deemed for tn'
best interests Of the corporation 70,
inconsistent with its character.
=. That the principal Office OF t.
proposed corporation shall be Bruins
4. That the capital stock Of the
roposed 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 tine to any sum OF sums
not to exceed Fifty Thousand Dol
lars. Petitioners also .esire the
right to receive in payment for atoct
real estate or personal property at
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.
D. That the officers OF the corpora
ton shall be a President, Vice Pregl-
dent Secretary and Treasurer. and
such other officers or agents as the
stockholders or directors may consti-
tute or appoint The board of dIrec-
tors shall consist OF not less than
three nor moIs than nine persons, ali
OF whom shall be share holders, ana
such directors shall be elected by the
share holders.
6. That the stockholders SHAH have
the right to make bylaws, rules and
regulations fer the government OF this
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
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 GER
poratlon, and all the rights, privileges
ana powers given and granted similar
corporations under the laws OF Geor-
gia.
8. That there shall De no indiyid
uai liability upon the part of any
shareholder OF the corporation. excent
LOT such amount as may be due by
Such shareholder as unpaid subscrip
'ion Tor stock in said corporation.
.. That petitioners desire to be in
corporated under said name and style
Oh Inc STANLEY Land Company, with
all the rights, privileges and powers
prayed for herein, fora period Of
twenty years, with the privilege of
renewal at the expiration of that time
F. e. TWITTY,
o Petitioners Attorney.
GEORGIA, GLYNN COUNTY.
| hereby certify that the foregoing
spphcation for incorporation by the
petitioners therein named of the Stan.
icy Land Company, was filed in the
once OF the clerk of the Superior
court OF said county this April 81
1903 II r. d. ptGnIn>
clerk Superior Court Glynn County.
| Georgia. ,