The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1908-06-10
PETITION FOR CHARTER.

STATE OF GEORGIA, Glynn County.
70 tie Superior Court OF said county
The petition Of P. S. Arkwright. w.
H. Wright and ~. 3. Stovall, all Of
Fulton county. Georgia, shows:
That petitioners desire for them
selves. Their associates, successors
and assigns 70 be incorporated for
period Of twenty years, with privilege
Of renewal thereafter, under the cor
porate name Of The Oglethorpe
The object Of their association IS
pecuniaTy gain and profit 10 the stock
holders and the particular business
, which they propose 70 carry on IS q
general hotel business. and the opera
tiOn OF restaurants, cafes eating
houses. and lodging houses; to buy.
sell. own ami improve real estate of
: ...s, character and in any manner
whatsoever. and TO buy. sell or own
( all kinds Of real or personal property
(which may oe deemed 10 the interest
Of the company
The capital stock Of said corpora
ton and the amount Of capital TO be
employed shan be the sum OF one hun
dred thousand dollars, Of which at
least ten per cent. shall be actually
paid in before the commencement OF
business, divided into shares Of the
par value OF one hundred dollars each.
with the right al any time. or from
time TO time. whenever authorized by
q majority Of the voting stockholders
lti the corporation, by resolution to
increase said capital stock to a sum
mot exceeding five hundred thousand
flsff Il. -
Irednce The same AZ any time. or from
time 10 time, when similarly author-e
lied, 10 sum NOT less than one hun
dred thousand dollars
Petitioners pray that the capital
stock, as wei as all increases II the
same. may consist of common stock
or preferred stock, either or both and
ID such proportion as the voting stock
holders may decide by q majority
vote. Such preferred stock as mag
be issued. If ans 10 De issued with
such preferences over the common
stock as 10 diyido@s CIR capital or
lboth. and with such limitations and
restrictions as compared With tha
common stock and with or without
! fhe right of sdemption, and generally
on such terms and conditions. as the
voting stockholders may by majority
vote by by laws or resolution pre-
scribe.
| The principal office Of said corpora
/ uon win be in Glynr. county. Georgia
with the right and power in said cor
! poration 10 establish offices and own
land operate hotels. restaurants, cafes.
leaiing houses and lodging houses and
20 own and operate properties Of any
kind IN any other place or places
within or without the state OF Geor-
2ia, and also with the right to hold
lis stockholders and directors meet
lings for the transaction OF any bus
mess whatsoever in any other place
Ter places. within or without he star
or Georgia.
Petitioners pray bat said corpora
ton shall have the right and p wer 10
sell and dispose Of all or any part of
ljts property or franchises at any time
but sale with 2 view 20 quitting bus.
\ ness to b. only when authorized by .
majority vote Of it's voting stockhold
leFs; that il sl&lI have The right and
lnower to borrow money and execute
therefor such notes. bonds or eviden
Ices Of debt as il may deem proper
and II il so desires. 70 secure the
same by mortgage, pledge, convey
ance, deed OF trust or any other in.
Istrlmeut conveying an or any Part
/ of its property or franchises owned
Or Their after acquired. thai ii shall
haVe the right and power - pur-
chase. receive, rent. lease, own. use
and hold any real or personal proper.
ty Whatsoever. including bSndS and
stocks OF other corporations. when net
contrary TO the Constitution Of the
state. and TO dispose OF the same at
It's pleasure; that it shall have the
right - lend and invest its funds as
i may deem proper, ana receive there
Tor such property, notes. mortgage.
pledge or other consideration or Sc
icurty Is il may deem proper that il
snail have the right and power when
authorized by q majority vote Of its
voting stockholders. 10 apply for and
2ceebs any amendment to its charter
lcf any and every description what
ever whether fundamental or imua
ter al and any renewal Of its charter.
and 10 surrender its charter at apv
line; that il shall have any enjoy all
Inc rights and privileges incident 70
cCf poiallpns generally, Gs well as all
me rights, powers. and privileges civ
zen naoeT the laws 10 corporations Of
KS class saG also all the powers nee.
essarE proper convenient OF desira-
ate 70 carry into effect the purposes OF
us 1H%anlzari9n. and further that al
Ter thls petition shall have been filed
anu published as prescri bei by law
'in order may be- granted incorpora.