The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1911-06-02

States as may he desired.
;. The object OF the corporation is
pecHniary gain to its stockholders.
and lis particular objects are to en-
gage in the manufacture and sale or
lumber crosstes and naval stores and
all kindred products. and likewise to
C nduct a commission and brokerage
business in such products. and to-
that end petitioners desire the rient
to buy, acquire, hold. Cwn and
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
the corporation; to erect, acquire
hold, own and operate such plants.
n Ills, dry kilns and other machinery
and appliances. including trans and
tram roads, as may he nece ,sary Jrl
eXpedient in the coHdu t OF he busi-
ness of the corporation; to bay AMI
sell any and all kinds of goods, wares
and merchandise. and to ! ., ard sell
lumber crossties. naval stores and
ANA'ANA w HiChACtS dS Il GOtit+El5SIt4l
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
evidences 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
though its board of directors, may
desire; to buy, own, hold and ac-
Quire such ether property as may be !
necessary or expedient in tie conduct
of the company including stock and |
bonds of other corporations: and cen. |
orally to have and exercise all of the |
rights, powers and PRIVILEGES incident
to and enjoyed by similar corpora |
lions chartered under he laws Of
Georeia including the rigtt to con
tract and lie 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 de any and all things neces-
sary or proper in the conduct cf 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
the part of the stockholders to increase
such capital st ok from time to time
Inv an af fir,,on ~ 4.
of the stock at that time outstanding
to any amount or amounts not exceed
ing $250,000; and likewise with the
right upon the part of the stockholders
to decrease such capital stock from
time to time by an affirmative vote Of
twothirds of the stock at that time
outstanding, to any amount or
amounts not less than $4,000
s. Petitioners show mat ten per
cent Of the capital stock has been
paid in. They desire that said corpo-
ration shall have the right to accept
in payment of subscriptions to capital
stock real or personal property Al
a valuat n to be fixed = ne board Of
directors This right is desired not
only in respect to the original sub
scriptions to the capital stock, bHt
also as to su' 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 f direc
tors of the company to consist Of not
less than three, nor more than seven
members, all Of whom shall be stock
folders. This board shall have the
powers delegated to it, and discharge
the duties imposed upon it by the
stockholders.
7. The stockholders shall have the
right to adopt bylaws, not in conflict
with law or the charter, delegating
such powers as they desire to the
board Of directors or other officers
CT 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
Of the corporation; and after once
having adopted such bylaws, to modi-
fly, amend or change the same at pleas
ure, as may e provided in the bylaws
adopted
And petitioners pray that this, their
application for CHARTER, be granted.
BENNETT, TWITTY & REESE,
Petitioners attorneys
Filed in Office this 18th day of May
/ 1911. f. F. du BTGNON.
Clerk Superior Court, Glynn County
Georgia.