The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1912-11-20
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PETITION FOR CHARTER.

Georgia, Glynn County.
To the. Superior Court Of said colntv
The petition of s. X. Brown and
Mike Brown Of Glynn county, Gtor-
gia, and of Paul M Lang OF Appnag
county, Georgia, respectfully sn ,ws
1. Petitioners desire, for them
selves and associates, to be inco: )or.
ated under the laws of Georgia fer
the term OF twenty years, with he
privilege of renewal at the axpira-
ton thereof, under the corp oGaIe
name and style of Manufacturers
Timber Company"
2. The principal office of the cor
poration shall be in Brunswick, Glyni
establish branch Offices and places
of business elsewhere in Georgia ard
the United States as may be des.;eT
3. The object of the corporation is
pecuniary gain to it's members, ana
its particular objects are to engage
in, The manufacture and sale of naval
stores products of all kinds, cross
ties, lumber, and all kindred prod :
ucts, and likewise to conduct a com
mission or brokerage business n
such products, and to buy and sell
real estate and negotiate sales un1rc-
of on commission; and to that enc
the right is desired to buy, acquire
hold and lease timber and timber
-. z r,
lands, wherever situate; to ereets..ac
qufre and operate such plarfts IN :
Guiding stills, sawmills, dry kilns and
other machinery and appliances, 81
may be expedient; to- own and oper-
ate trans and tram roads; to con
duct commissaries and buy and sell
goods, wares and merchandise; to
dispose of any or all of its property,
of whatever kind, at the pleasure OF
its board of directors; to borrow
money, execute evidences of indebt-
edneSs therefor, and secure the same
by mortgage or deed to secure deed
to any or all property it may own,
or otherwise, as the board OF dIrec-
tors may desire; to buy, own and
hold such other property as may be
necessary or expedient in the conduct
OF its business, including stock and
bonds OF other corporations, and gen
orally to have and exercise all of
the rights, powers and privileges in
cident to and enjoyed by similar cor
porations chartered under the laws
of Georgia, including the right TO
contract and to be contracted with,
to sue and be sued, to have and use
common seal and to change the
same at pleasure, and to do any and
all other things necessary or proper
in the conduct of its business.
4. The capital stock of the com
pany shall be Ten Thousand $4,000
00) Dollars, to be divided into one
hundred shares Of the par value of
One Hundred ($100.00) Dollars each,
with the right upon the rart of the
stockholders to increase such CAPT
tai stock from time to time by u
majority vote of the stock at that
time outstanding, to any amount not
TO exceed One Hundred Thousand
Dollars, and with the further right
to decrease the capital stock from
time to time by majority vote Of
the stock at that time outstanding,
to any amount not less than Five
Thotgand Dollars. Stock issued shall
be paid for in cash, or in property,
at valuation to be fixed by the
board of directors.
5. There shall be board Of direc-
tors Of the company, consisting Of hot
less than three nor more than seven
members, all Of whom shall be stock
holders They shall hold office for
such term as may be fixed by The
bylaws, and shall have such powers
as may be vested in them by law or
by the bylaws.
7 g The board Of directors shall
elefr Of their number, the following
c@iGgrs5 A ~'res'Gant. Secretsara and
Treasd1rsesrr, BIT either 6ne~of vffiae First