The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1912-02-21
PETITION FOR CHARTER.
GEORGIA.-GLYNN COUNTY

GEORGIA.-GLYNN COUNTY.
TO the Superior Court of said county:
The petition of J. S. Bradley, Jr.,
OF Toledo, Ohio, Albert Fendig, Homer
Lee Yaryan, R. A. Sanzenbacher, and
+. E. Twitty, of Glynn county. Geor-
gia, respectfully shows:
l. That petitioners desire for them
selves, their associates, successors
and assigns, to be made a body cor
porate and polite under the laws Of
Georgia, under the name and style OF
southeastern Land Company" for a
term of twenty (20) 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 elsewhere in said State and in
other states of the United States, and
in foreign countries.
3. That the capital stock of said
corporation shall be fifty thousand
| dollars (s50,000) divided into five
hundred (500) shares of the par value
Of f<<ie hundred dollars ($1OO) each,
with the right and power to increase
the capital stock from time to time
| to any amount or amounts not ex-
ceeding five hundred thousand dollars,
| by majority vote of the stock issued
at such time as action may be taken
by he stockholders to increase such
stock all shares to be of the par value
of one hundred dollars ($100) each.
A. That the object Of the corpora
ton is recuniary gain to its stock.
| holders.
g. That the particular business in
which said corporation proposes to
engage is:
(a) To buy, lease, own, hold, i'm
prove, sell and deal in real property
of all kinds.
(b) To buy, sell, invest, and deal
in stocks, bonds and investment Sc
curities generally, and as we'll other
personal n"operty in the discretion Of
the company.
(c' tn huv. soil and generally deal
in. directly for its own profit, or as a
| broker or 0 herwise. anv and all kinds
Of real and personal property.
"a To engage in the naval stores
business and to operate turpentine
farms, commissaries and stores.
| (e) To engage in the manufacture
and sale of lumber and crossties or
other timber and wood products.
(f) To buy. construct, equip, and
operate tram-roads.
(g) To improve tracts of land by
sub dividing farms, and to develop
such lands and to promote the set
Element and colonization of the same.
(h) To lend money and to borrow
money and secure the same in the dis
erection of the company.
6. That said corporation shall have
the right to receive in payment for
its capital stock, real Or personal
| property at a reasonable and fair val
uatOn.
:. That the officers of said corpor-
alton shall be a President, Vice Pres
! ident, Secretary and Treasurer, and
/ such other officers as may be provid-
! cd Or in the bylaws, or by action
&C the stockholders or directors, and
with the right to any of the three
! first named officers to hold the office
| Of Treasurer.
8. That they desire the right for
said corporation, acting by its stock
holders to make bylaws, rules and
regulations for the government OF the
corporation, with authority to the
stockholders to delegate such right
and power to the directors.
8. That said corporation shall have
the right to contract and be contracted
with, to sue and be sued, to plead and
be mpleaded, to have and use a cor
1orate SEAL and to change the same
ct pleasure, and generally to have
and exercise such powers, rights and
privileges as are incident to and vest
ed N similar corporations under the
avs of Georgia.
Bennett, Twitty & Reese,
Petitioners Attorneys.