The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1911-05-16
APPLICATION FOR CHARTER.

GEORGIA, ciynn County.
To the Superior Court of Said county:
The petition of Henry Gi3nilliat
4 and Lawrence r. Atkins, Jr., Of Glynn
county, Georgia, and T. Miaehan, of
Fulton county, Georgia, respectfully
shows:
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
lumber, crossties and naval stores and
all kindred products, and likewise to
cenduct a commission and brokerage
business in such products, and to
that end petitioners desire the right
to buy, acquire, hold, own 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 Re nece ,sary or
| expedient in the coldlt t OF The bust
ness of the corporation; to buy AMI
| sell any and all kinds of gouds, ware
and merchandise, 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 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
tt1ough it's 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
tons chartered under the laws OF
Georgia, including the right to con
tract and tie contracted with, to sue
and be sued, to have and use a com
mon seal and to change the same al
pleasure, and in short, the right and
power to dc any and alletihings neces
sary or proper in the conduct Ct the
business contemplated.
4. The capital stock of the company
shall be $30,000 to be divided into
three hundred shares of the par val
ue of 500, each, with the right upor
the part of the stockholders to increase
such capital stick from time to time
by an affirmative vote of swo.thirdI
of the stock at that time outstanding
: to any amount or amounts not exceed
ing $250,000; and likewise with tn,
right upon the part of the stakeholder
, to decrease such capital stock from
time to time by an affirmative vote o
two-thirds of the stock at that time
outstanding, to any amount O.
amounts net less than $4,000.
3. Petitioners show that ten pc
cent of the capital stock has beer
paid in. They desire that said corpo
ration shall have the right to accep
in payment of subscriptions to capita
stock real or personal property a.
valuation to be fixed by the board o
directors. This right is desired no
only in respect to the original sub
scriptions to the capital stock, bu
J also as to subscriptions to any in
crease or increases in the capita
stock that may be made from time tc
time
j 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
4 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
ef 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 lie provided in the bylaws
adopted.
And petitioners pray that this, theil
application for charter. be granted.
BENNETT, TWITTY & REESE,
Petitioners attorneys.
Filed in Office this 18th day OF May
1911. H. F. dn BIGNON,
Clerk Superior Court, Glynn County
Georgia.