The Brunswick news., 1912-11-27

Ior term of twenty years, with the
privilege of renewal as provided by
.aw.
? That the principal Office of said
corporation shall be in the City OF
Brunswick, Glynn county, Georgia,
with the right TO establish branch
offices 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 fifteen thousand
dollars divided into one hundred anl
fifty shares of the par value of one
hundred dollars each, with the right
TO increase the capital stock from
time to time to any amount or
amounts not exceeding fifty thousand
dollars by a majority vote Of the
stock issued a5 such time as action
may be taken by the stockholders to
increase such stock. all shares to be
OF the par value of one hundred dol
lars each That they desire the right
TO organize the corporation and begin
business when five thousand dollars
of the capital stock shall be subscrih-
ed, and not less than len per cenmm
thereof paid in. and to reserve the
balance Of said capital stock of fifteen
thousand dollars in the treasury 30
be sold and issued from time to time
4. That the object Of the corpora
tion is pecuniary gain TO its stock
holders, and the particular business
in which said corporation shall en-
Eage Is:
(a) To engage in the planning mill
susiness and TO operate planning mills.
nd 10 saw, dress, plane, and trim
amber. and TO DO and perform all acts
nd things necessary and proper in
connection with such business. (b)
To engage in the sawmin business
and to manufacture, sell and deal in
lumber and sawmill products, and to
own and operate dry kilns (c) To
buy, manufacture, sell and deal in
building supplies and material Of all
kinds, including wood, brick, cement,
stone, metal and other building ma
teriaIs and supplies, either on its own
account, or as agent or broker. I'D
To engage in the business of forward
ing timber, lumber and other com
modities, either on its own account,
or as agent or broker, or otherwise.
(e) To acquire. purchase, own, hold,
manufacture and sell timber lands
and timber. Cf) To engage in the
construction and contracting busi-
neS and TO buy, own, hold, improve,
deVJlop, lease and sell real property,
either on its own account, or as agent
or broker. (g) To buy, own, hold,
sell and deal in real and personal
property generally HI TO lend
money and take security therefor and
to borrow money and to give security
therefor, in connection with the con-
duct of its business.
s. That said corporation shall have
the right to receive in payment for
its capital stock real or personal
property, at a reasonable and fair
valuation.
s. That the officers of said cor
poration shall be President. Vice.
president, Secretary and Treasurer,
and such other officers as may be
provided for in the bylaws, and
with the right to the two first named
officers to hold the office of Secretary
or Treasurer.
Z. 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 the right to the
stockholders to delegate such power
TO the Board Of Directors.
8. That said corporation shall
have the right to contract and be
contracted with, to sue and be sued,
to plead and be impIeaded, 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
cDrrcrs tions under the laws of Geor-
gia, subject to the restrictions and
obligations devolved by law on such
corporations.
(sioned) Bennett, Twitty g. Reese,
Petitioners Attorneys.
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