The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1912-02-17
PETITION FOR CHARTER.
;ORGIA.-GLYNN COUNTY.

To he superior Court of said county:
The petition OF J. S. Bradley. Jr.,
CT Toledo, Ohio, Albert Fendig, Homer
Lee Yaryan, Il. A. Sanzenbacher, and
f. e Twitty, of Glynn county, Geor-
gia, rss rcctfully 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
Geor sia 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.
,. 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
ether states of the United States, and
in foreign countries.
3. That the capital stock of said
corporation shall be fifty thousand
dolla 5 ($50,000) divided into five
hGnf'h I'd (5C0) shares Of the par value
of )he undred dollars ($10O) 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, al shares to be Of the a. value
Of ne hundred dollars (sfNo) each.
~. That the object Of the CORPORA
ton IS pecuniary gain to its stock
| holders.
:. That the particular business in
which sa:d 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 bones and inTes'mont Sc
c1irit!oe gnre~cNv. on6 rs VOL Othnr
'.-"r~~el '.-o7erty in the discretion Of
he company.
'c ~ -. 81 80 ~o~nrenr deal
n. 7i~oct!v - IS own proGt, o. IS 4
''o'Eor Or 0 herN:so. "a ard all kinds
If real and personnel property.
'd) 70 engage in the naval stores
business and to operate turpentine
farms, commssaries 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.
co 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
cretlon Of the company.
6. That said corporation shall have
the right to receive in payment for
its capital stock, real or personal
/ Gro. erty at i reasonable and fair val
uatiOn.
] I. That the officers of said corpor-
alton shall be Il President, Vice Pres
/ ideAt, Secretary ana Treasurer, and
stAcilfOther officers as may be proyid-
ed Tor in the bylaws, or BY action
of the stockholders or directors, and
With the right to any of the three
first named officers 10 hold the office
Iof Treasurer.
RS. 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
he mpeaded, 10 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
Cd N similar corporations under the
itaWs of Georgia.
+ Bennett. Twitty & Reese,