The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1911-06-03

9. The object of the corporation is
peouniary gain TO its stockholders,
and lis particular objects are 10 er-
gage in the manufacture and sale o. |
lumber, crossues and naval stores and |
all kindred products, and likewise to !
nduct & commission and brokerage
business in such products. and to
that end petitioners desire the rigE,t
to buy, acquire, hold. Cwn and
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 nece tsary or
eNpedient in the coldu Il OF he bust
ness OF the corporation; to buy AMI
sell any and all kinds of goods, wares
and merchandise, and to >, ard sell
lumber, crossties, naval stores and
kindred products as a commission
| man or broker; to sell or otherwise
dispose uf 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-
/ ulfed 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 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
lions chartered under the laws of
Georgia, including the right 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 6f the
business contemplated
T. The capital stock of the company
shall be $4,000, to be divided into
three hundred shares of 6le par val
ne Of 500 each, with the right upon
the part Of the stockholders to increase
such capital ok from time to time
hy an affirmative vote of cWothiIds
of the stock at that time outstanding
to any amount or amounts not exceed
ing $250000, 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 tie stock at that time
outstanding, to any amount or
! amounts net less than 100000
5, 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 accept
in payment of subscriptions to capital
stock real or personal property at
a Valuation to be fixed b. the board of
directors, This right is desired not
only in respect to the original sub
scriDtions 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 CT 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
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 che
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 managemert
of the corporation; and after once
having adopted such bylaws, to modi-
fy amend or change the same at pleas
ure, as may he 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. H. F. din BTGNON.
Clerk Superior Court, Glynn County,
Georgia.
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