The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1912-06-27
PETITION FOR CHARTER.


To the Superior Court Of said County:
The petition of George H. Cook
and Willard Reese, of Glynn county,
Georgia, and c. l. Pratt # Duval
county, Florida, respectfully SLOWS:
1. Petitioners desire, for themselves
and their associates, to be incorporat-
ed and made a body polite under the
laws of the state Ct Georgia fer the
term of twenty years, with tho privi-
lege of renewal at the expiration of
that time, under the corporate name
and style of Pratt Lumber Company"
>. The principal office of the cor
poratiln shall be in the city Of
Brunswick, Georgia, with the right to
establish such branch offices and
places of business elsewhere IN Geor-
sia anG the United States as may be
desired
3. The object of the corporation is
pecuniary gain 10 its Stockholders
and its particular objects are to en-
gage in the manufacture and sale Of
lumber and all kindred products, and
likewise to c nGuct commission and
brokerage business in such products;
and to that emo Petit ners desire for
said corporation the right to buy, &C
quire, hold and lease timber and tim
Der lands, wherever situate, and such
other real property as may be nee
essary or expedient in the conduct Of
its business; to erect, acquire, hold
and operate such plants, mills, dry
kilns, and other machinery and ap-
planes, including trans AMI tram
roads, as may be eXpedient in the
conduct of it's business; to buy and
sell any and all kinds of goods, wares
and merchandise; to buy aud sell
lumber and all kindred products as
commission man or brc ker; to buy
sell or otherwise dispose of any or al
OF its property, of whatever knd, at
the pleasure of its board Ct directors
as may be provided In the bylaws
to be adopted; to borrow money. exc
cute evidences of indebtedness there
for, and secure the same by mortgage
or deed to secure debt to any and
all property that may be owned or
acquired by the company, or other
wise, as the board of directors may
desire; to buy, own, acquire and hold
such ether property as may be nee
essary or eXperient in the conduct
of the business of the company, in
Guiding stock and bonds of ether
corporations; and generally 70 have
and exercise all CT the rights, pow
ers and privileges incident to and
enjoyed by similar corporations char
tered under the laws of Georgia, in
Guiding the right to contract and be
contracted with, to sue and be sued,
to have and use a c~mmOn sell and
to change the same 1t pleasure, and
to do any and all other things Leces-
sary or proper in the conduct of its
business.
4. The capital stock Of tho com
pany shall be Ten Thousand
| ($1O,00O.O0) Dollars, to be
divided into one hundred shares of
the par value of One Hundred ($100l
dollars each, with the right upon the
part of the stockholders to i'crease
such capital stock from time to time
! by a majority vote Of the St ok at
that time outstanding, to any amount
not to exceed One Hundred Thousand
| Dollars, and with the further right to
decrease he capital stock from time
to time by a majority vote Of the
stock at that time outstanding, to any
amount not less than Five Thousand
Dollars. Stock issued shall be paid
for in cash, CT in real or personal
property 1t a valuation to be fixed
by the board of directors.
). There shall be a board of direc-
tors of the company consisting Of not
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 by
laws, and shall have such powers as
may be vested in them by law or the
bylaws
6. The board Of directors shall elect
of their number, the following Off
GERS: President, Secretary and
Treasurer, but either one of the first
two named officers may also hold the
office of treasurer. The board of d.
rectors may, at their pleasure. create
other offices, including the Office Of |
Vice President The bylaws shall fix
the powers and duties Of such officers
or may delegate this authority to the
board Of directors.
7. 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