The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1912-09-24
Legal Advertisements
PETITION FOR CHARTER.

GEORGIA-GLYNN COUNTY.
The petition of L. R. Akin, S. ".
Hunter and Linton E. Allen, all of
said county, respectfully shows:
l. That petitioners desire for them
selves and their associates to be in
corporated and mad. a body polite
under the name of Glynn Farm & Cat
tie company for term OF twenty
years, with the privilege of renewal
at the expiration of that time.
2. The principal Office of the cor
poratiOn shall be in the city OF Bruins
wick, GlyLn county, Georgia, with the
right 20 establish such branch offices
and p4&ces Of business elsewhere IL
Georgia and the United Seates and in
foreign countries as may be desired.
3. The object of the corporation is
pecuniary gam to its stockholders and
its particular objects are to buy and
sell farm, timber and other lands; to
engage in farming and stock raising;
to buy and sell timber, and to manu-
facture the same into any CONNER
cidl products; to engage in the mer-
camille business, and to sell at whole
sale or retail, goods, wares and mer-
chandise; to engage in the real estate
business, and make sales and pur-
chases thereof for commissions, and
likewise to act as rental agent; to
buy, sell or otherwise dispose of any
Or all of its property, of whatever
kind, at pleasure; to borrow money,
execute evidences of indebtedness
therefor and secure the same 81 mort.
gage or deed to secure debt to any
or all property that may be owned by
the company, or otherwise, as the
company may desire; to buy, own,
acquire and hold such other property,
real or personal, that may be neces-
sary or expedient in the conduct of the
business of the company, including
stock and bonds of other corporations,
and generally to have and exercise all
other rights, powers and privileges in
cident to and enjoyed by similar cor
porations chartered under the laws of
Georgia, including the right to con-
tract and be contracted with, to sue
and be sued, to have and use COM
mon seal and to change the same at
pleasure, and to do any and all other
things necessary and proper in the
conduct OF it's business.
4. The capital stock of the cor
poration shall be ten thousand dollars
to be divided into one hundred shares
of the par value of one hundred dol
lars each, with the right upon the
part of the stockholders to increase
such capital stock from time to time
by a majority vote of the stock at
that time outstanding to any amount
not to exceed one hundred thousand
dollars. The stock to be issued shall
be paid for in cash or in real or per-
.sonal property at valuation to be
fixed by the board of directors. More
than 10 per cent Of the capital stock
has already been paid.
5. There shall be a board of direc-
tors to consist Of not less than three
or more than seven members, all OF
whom shall be stockholders. Tney
shall hold office for such term as may
he fixed by the bylaws, and shall
have such powers as may be vested
in them by law or by the bylaws.
6. The board of directors shall elect
of their number the following officers:
a president. vice president and Sec
retary and treasurer, but any one OF
the first three named officers may also
hold the office of treasurer. The board
of directors may at pleasure create
other offices. The bylaws shall fix
the powers and duties of such officers
or delegate this authority to the board
of directors.
The stockholders shall have the
right to adopt bylaws for the gov
eminent and regulation of the cor
poration not in conflict with law or
the charter, and to alter or amend
the same as may be prescribed in the
bylaws adopted. The stockholders
shall have the right in such bylaws
TO delegate to the board of directors
any and all powers not expressly re
served in the stockholders by law or
nv the terms Of the charter.
And petitioners pray that this their
petition be granted.
pennet, Twitty & Reese,
Petitioners Attorneys.
Filed in office this September 6,
1912 H.F. du BIGNON, Clerk.