The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1911-05-13
W. H. BERRIE, Sheriff.
APPLICATION FOR CHARTER.


TIE petition of Henry Gignilliat
and Lawrence R. Atkins. .Jr., of Glynn
county, Georgia, and T. Minehan, of
Fulton county, Georgia, respectfully
shows:
/. Petitioners desire, for themselves
| and their associates, to tie incorporat-
ed and made body polite under the
laws of the state of Georgia for
term of twenty years, with the priv
ilege Of renewal at the expiration of
bat time, under the corporate name
and style of Brentwood Lumber Com
pany.''
2. The principal office and domicile
OF the corporation shall be in the city
of Brunswick, Glynn county, Georgia.
with the right to establish such
branch offices and places CT 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 iii the manufacture and sale of
lumber, crosstieS and naval stores and
all kindred products. and likewise to
&C nduct commission and brokerage
business in such products, and to
lease timber and timber lands wher.
ever situate, and such otter real prop
erty as may be necessary or expedi-
ent in the conduct of the business of
the corporation: to erect, acquire
hold, own and operate such plants.
Ills, dry kilns and other machinery
and appliances, including trans and
tram roads, as may he neca isary or
eXpedient in TIE c0ltiu t OF The bust
ness OF the corporation; to buy AMI
sell any and all kinds of goods. ware :
and merchandise, and to =. ard seli
lumber, crossties, naval stores and
Kindred products as commission
man or broker to sell or otherwise
dispose of all of the property of the
corporation, of whatever kind. at
pleasure; to borrow money, execute
evidence of Indebtedness therefor
and secure the same by mortgage or
deed to secure debt to any and all
property That may be owned or ac.
uired by the company, or otherwise.
as the corporation acting by and
Gough its board of directors. NAV
desire: To buy, own, hold and ac.
quire such ether property as may be
necessary or expedient in the conduct
OF the company, including stock an6 !
bonds of other corporations; and gen.
orally to have and exercise all of the
rights, powers and privileges incident
10 and enjoyed by similar corpora
tons chartered under the laws of
Nreorgia, 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
4. The capital stock of the company
shall be 100000, to be divided into
three hundred shares of tie par val
| ne of 500 each, with the right upon
TIE part of the stockh lders to in
| crease such capital stock from time
| 10 time by an affirmative tw0-thirds
| or the stock at that time outstanding
| 10 any amount or amounts not exceed
| tng $25O,OOO; and likewise with the
tight upon the part of the stockholders
to decrease such capital stock from
time 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.
B. Petitioners show that ten per
cent of the capital stock has been
paid in. They desire that said corpo-
ration shall have the right to accent
IN payment of subscriptions to capital
STOCK real or personal property at
valuation to be fixed by the board of
directors. This right is desired not
only in respect to the original sub.
scrlptlons to the capital stock, but
also as to sui scriptions to anv in
crease or increases in the CAPITAL
slcck that may be made from time 70
time.
s. There Yall be a board Of direc-
TOTS OF the Nompany to consist of not
less than three. nor more than seven
members, all of whom shall. be stock
Folders This board shall have the
CC"ers delegated to it, and discharge
tho duties imposed upon it by the
stockholders.
Z. The stockholders shall have the
riCilt to adopt bylaws, not in conflict
With law or the charter, defeating
such powers as may desire to the
board of directors or other Officers
III the corporation, creating offices,
prescribing the duties and powers of
ottcers, and in short, regulating in
any manner tlat they may desire the
internal organization and management
ct the corporation; and, after having
2dcpted such bylaws, to modify,
amend or change the same at pleas
nre, as may lie provided in the bylaws
adopted.
And motif nnarc t,n. Il