The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1911-07-15
APPLICATION FOR CHARTER.
GEORGIA.-GLYNN

STATE OF GEoRGIA.-GLYNN
COUNTY.
To the Superior Court of said County:
The petition of A. G.. Kraetzer, Jr.,
of the County of Kings, State of New
York, and Albert Fendig and Joseph
w. Bennett of Glynn county, Georgia,
respectfully shows:
/. That petitioners desire for them
selves, their associates, successors and
assigns, to be made body corporate
and polite under the laws of said
state, under the name and style of
Bl-STATE FARM LAND COMPANY,
for the term of twenty years with the
privilege of renewal as provided by
law
2. That the principal office of said
corporation shall be in the City of
Brunswick, Glynn county, Georgia,
with the right to establish branch Of
fees in other states or in foreign
countries.
}. That the capital stock of said
corporation shall be five thousand dol
lars divided into fifty shares of the
par value of one hundred dollars each,
and petitioners desire the right and
power to increase the capital stock
from time to time to any amount or
amounts not exceeding five hundred
thousand dollars by a majority vote
of the stock outstanding at such time
as action may be taken by the stock
holders to increase such stock, all
shares to be of the par value of one
hundred dollars each.
4. That the object of the corporation
Is pecuniary gain to it's stockholders
5. That the particular business in
which said corporation shall engage
in is
(a) To buy, lease, sell, improve,
own, hold and deal In real property
of all kinds.
CD To buy, sell, invest and deal in
stock, bonds and investment securi-
ties generally, and as well other per
| sonal property in the discretion OF
the company.
(c) To buy, SELL and generally deal
in, directly for it's own profit, or as
broker or otherwise any and all
kinds of real and personal property.
| (d) To improve lands, and engage
in agricultural pursuits, including
buying, raising and selling livestock.
(e) To engage in the naval stores
business and to operate turpentine
farms, commissaries and stores
(f) To engage in the manufacture
and sale of lumber and crossties or
other timber and wood products.
g. That said corporation, shall have
the right to receive in payment for
Its capital stock real or personal prop
erty at valuation to be fixed by the
corporation or in such manner as the
stockholders may direct
Z. That the officers of said CORPORA
ton shall be a president, vice-presi-
dent, secretary and treasurer, and
such other officers as may be provid-
ed for in the bylaws, and with the
right to any of the three first named
officers to hold the office of treasurer.
3. That they desire the right for
said corporation, acting by it's stock
holders or directors to make bylaws,
rules and regulations for the govern
ment of the corporation
.. That said corporation shall have
the right to contract and be contract
ed with, to sue and be sued, to plead
and be impleaded, to have and use
corporate seal, and to change the
same at pleasure, and generally to
have and exercise such powers. rights
and privileges as are incident to and
vested in similar corporations under
the laws of Georgia.
CSigned) Bennett, Twitty & Reese,
/ Petitioners Attorneys
Copy OF petition filed in the offica