The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1911-05-24

SLOWS.
/. Petitioners desire for themselves
and tAeir associates, to be Incorporate
ed and made, body polite under the
laws cf'sthe state of Georgia for a
term of twenty years, with the priv
lege ofErenewal at the expiration of
that time, under the corporate name
and style of Brentwood Lumber Com
pany." va4 Sues
2. The principal office and domicile
of the corporation stall be in the city
of Brunswick, Glynn county, Georgia,
with tie right to establish such
branch offices and places of business
elsewhere in Georgia and the United
States as may be desired.
3. The object of the corporation is
pecuniary gain to its stockholders,
and its particular objects are to en-
gage in the manufacture and sale of
lumberss crossties and naval stores and
all kindred products, and likewise to
CT nduct commission and brokerage
business in such products, and to
that end petitioners desire the right
lease timber and timber lands wher-
ever situate, and such other real prop.
erty as may be necessary or expedi-
ent in the conduct of the business of
he corporation; to erect, acquire,
Z Tld, own and operate such plants.
Wis, dry kiils and other machinery
and appli"nces. including trans and
tram roads, as may he nena ,sary ar
exbedient in tie cOitiu Il OF The bust
ness CT tie corporation; to bay AMI
sell any and all kinds of goods, wares
md h' rchanii,e, and to = :, ard sell
lumber croSsties, naval stores and
kindred products as a commission
man or broker; to sell or otherwise
dispose Of all of TIE property Of tire
corporation, of whatever kind. at
pleasure; to borrow money, execute
evidences of indebtedness therefor
and secure the same by mortgage or
deed &c secure debt to any and all
property that may be owned or ac-
uired by the company, or otherwise.
as the corporation acting ty and
though its board of directors. may
desire; to buy, own, hold and az
quire such ether property as may be
necessary or expedient in the conduct
OF the company, including stock and
bonds of other corporations and gen.
orally to have and exercise all of the
rights, powers and privileges incident
to and enjoyed by similar corpora
tons chartered under the laws OF
Georgia, including the right to con-
tract and he contracted with, to sue
and be sued, to have and use a com.
mon seal and to change the same at
pleasure, and in short, the right and
power to dc any and all things neces>
sary or proper in the conduct Ct the
business contemplated.
"a. The capital stock of the company
/ shall be 100000, to be divided into
.Ithree hundred shares OF the par val
he of 500 each. with the right upop
the part of the stockholders to increase
such capital ST ok from time to time
BY an affirmative vote OF swo.thirds
OF the stock at that time outstanding
to any amount or amounts not exceed.
ing S250,O00: and likewise with the
right upon the part of the stockholders
TO decrease such capital stock from
lime TO time by an affirmative vote of
tWo-thirds OF the stock at that time
outstanding, to any amount or
amounts MT less than $4,000.
D. Petitioners show that ten per
cent OF the capital stock has been
paid in. They desire that said corno
ration shall have the right to accent
in payment of subscriptions to capita!
stock real or personal property at
vaiuati n TO be fixed by the board of
directors. This right is desired not
only in respect to the original sub.
scriptions to the capital stock, but
also as to SUI scriptions to any in.
crease or increases in the capital
stock that may be made from time to
time
6. There shall be a board tf direc-
tors of the company to consist of not
less than three, nor more than seven
All vi NHOUl SIdIl De StOck-
Folders. This board shall have the
powers delegated to it, and discharge
the duties impc sed upon it by the
stockholders.
z. The stockholders shall have the
right to adopt bylaws, not in conflict
with law or the charter, delegating
such powers as they desire to fhe
BOARD of directors or other officers
(1cf the corporation, creating Offices.
prescribing the duties and powers of
officers, and in short, regulating in
any manner that they may desire the
internal organization and MANAGEMENT
CT the corporation; and after once
having adopted such bylaws, to modi-
ty, amend or change the same at pleas.
Jre, as may e provided in the bylaws
adopted.
And petitioners pray that this, their
application for charter, be granted.
BENNETT, TWITTY & REESE,
Petitioners attorneys.