The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1908-10-09

STATE OF GEORGIA, County of
Glynn.-To the Superior Court OF
Said County:
The petition and application of r.
w. burden, j. S. NJ. SYMONS and
w. L. SHELTON, all of said county
and state, respectfully shOweth:
/.
That they desire for themselves,
their associates and successors, to be
incorporated and made a body polite
for the period of twenty 900 years,
under the name and style of "NORTH
AMERICAN BAUXITE COMPANY"
ii.
The principal office of said corpor-
alton is to be in the City of Bruins
wick, Glynn county, Georgia, but petit
TONERS desire the right to establish
branch offices within this state and |
other states, whenever the holders of !
a majority Of the stock may determine |
the same necessary or expedient.
ILL.,
The object of said corporation is |
pecuniary gain to itself and it's share
holders, and the principal business to |
be carried on by it is to operate and |
engage in the mining of Bauxite and |
the manufacture of aluminium, brick |
and other by-products of Bauxite, at |
such places in Georgia, and other |
states, as it may own, lease or other |
wise acquire mines, manufacturing |
plants, etc.
~.
The capital stock of said corpora |
ton shall be ONE HUNDRED THOU |
SAND DOLLARS (s100,OO0), divided
into ten thousand 100000 shares of |
the par value OF TEN DOLLARS |
$4,000. Petitioners desire the privi- |
lege, however, of increasing said stock |
from time to time, upon a majority |
vote of the stockholders, to not ex- |
ceeding in the aggregate the sum of |
FIVE HUNDRED THOUSAND DOL |
LARS 0,000), and petitioners de-
sire the right TO have the subscrip-
tons to said capital stock paid in
money or property to be taken at a
fair valuation, and also the further
privilege Of issuing a proportion of
said capital stock as preferred stock
should the stockholders of the corpor-
aticn hereafter determine the same
necessary or expedlent the rights of
the holders of said preferred stock to
be set forth and determined by the
bylaws to be adopted by the corpor-
alton, and such part of the by laws as
relate to the rights of preferred
stockholders shall not thereafter be
a.,ered, amended or rescinded with
out the consent of two-t thirds OF said
| preferred stockholders present and
: voting at such meeting. Ten per cent.
Of the amount of capital to be en-
ployed by petitioners has been actual
| ly paid in.
Petitioners desire for said corpora
! ton the right to sue and be sued, to
-, plead and be implicated, to have and
use common seal. to make all neces-
sary bylaws and regulations. and to
do all other things that may be nee
essary for the successful carrying on
Of said business, includ ng the right
to buy, hold and sell real estate and
personal property suitable to the pur-
! pose of the corporation and to execute
notes and bonds as evidence OF in
debtedness incurred, or which may be
incurred, in the conduct of the af-
fairs OF the corporation and to secure
the same by mortgage, security deed.
or other form OF lien. under existing
law
Petitioners desire for said corpora
tion the power and authority to ap-
ply for and accept amendments to its
charter OF either from or substance
by vote of majority of the stock
holders And, as well, authority to
wind up its affairs, liquidate and dis
continue It's business at any time il
may determine to do so by a vote of
two-thirds (2-3) of its shares of out
standing stock. They desire that II
nave the right of renewal when and
as provided by the laws of Georgia, |
and that it have all suAh other rights. |
powers, privileges and immunities as |
are incident to like corporations or |
permissible under the laws of Geor- |
gia.
WHEREFORE. petitioners pray to |
be incorporated under the name and |
style aforesaid. with the powers, priv
ileges and immunities herein set forth
and as are now, or may hereafter be,
allowed a corporation Of similar char
acter under the laws OF Georgia.
r. w. BURDEN,
j. S. NJ. SYMoNS
w. L. SHELTON,
Petitioners.