The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1912-02-24
PETITION FOR CHARTER.

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
F. e. Twitty, of Glynn county, Geor-
gia, respectfully shows:
/. 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 or
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.
8. That the capital stock of said
corporation shall be fifty thousand
dollars ($50,000) divided into five
hundred (500) shares of the par value
of one hundred dollars ($100) 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 The 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 pecuniary gain to it's stock.
holders.
S. 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 well other
personal property in the discretion OF
the company.
(c) To buy, sell and generally deal
in, directly for its own profit. or as a
broker or otherwise. any and all kinds
of real and personal property.
(d) 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.
Nl 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 ard 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 d reasonable and fair val
uation.
:. That the officers of said corpor-
alton shall be President. Vice PrrH.
ident, Secretary and Treasurer, and
such other officers as may be provid-
ed for in the bylaws, or by action
of the stockholders or directors, ans!
with the right to any Of the three
first named officers to held 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.
9. That said corporation shall have
the right to contract and be contracted
with, to sue and be sued, TO plead and
be implicated, To have and use a cor
porate seal, and to change the same
at pleasure, and generally to have
and exercise such powers, rights and
privileges as are incident to and vest
ed N similar corporations under the
laws Of Georgia.
Bennett, Twitty G Reese,
Petitioners Attorneys.