The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1912-11-08
Legal Advertisements
PETITION FOR CHARTER.

GEORGIA, GLYNN COUNTY.
To the Superior Court of said county:
The petition of l.. T. Mckinnon, Jo-
seph w. Bennett, Albert Fendg and
M. l.. McKinnon, all of Glynn county,
Georgia, and c. L. Mccarthy of Cam
den county, Georgia, and w. c. Hop
kins of Wayne county, Georgia, re-
specially shows:
1. That petitioners desire for
themselves, their associates, success
sors and assigns, to be made a body
corporate and polite under the laws
of Georgia, under the name and style
of Toledo Manufacturing Company"
for a term of twenty 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
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 Ten Thousand
Dollars, divided into one hundred
shares of the par value of One Hun
dred Dollars each, with the right and
power to increase the capital stock
from time to time to any amount or
amounts not exceeding Two Hundred
Thousand Dollars, by majority vote
of the stock issued at such time as
action may be taken by the stock
holders to- increase such stock, all
shares to be of the par value of One
Hundred Dollars each.
4. That the object of the corpora
ton is pecuniary gain to its stock
holders.
5. That the particular business in
which said corporation proposes to
engage is: (a) To buy, lease, own,
hold, improve, sell and deal in real
property OF all kinds. (b) To buy,
sell, invest, and deal in stocks, bonds
and investment securities gen orally,
and as well other personal property
in the discretion of the company. (c)
To buy, sell and generally deal in, di-
rectly for it's own profit,or as broker
or otherwise, any and all kinds OF
real and personal property. (d) 10
engage in the naval stores business
and to operate turpentine farms, COM
missaries and stores. (e) To engage
in the manufacture and sale OF lum-
Der and crossties 'or other timber and
wood products. fl To buy, construct,
equip, own and operate tram roads,.
(g) To improve tracts of land by
sub dividing farms, and to develop
such lands and to promote the set,
tIement and colonization of the same.
CHI To lend money, and to borrow
money and secure the payment of the
same by conveyance, mortgage or
pledge of the assets of the corpora
ton.
6. That said corporation shall
have the right to receive in payment
for it's capital stock, real or personal
property at a reasonable and fair
valuation.
poration shall be President, VICE
President. Secretary and Treasurer,
and such other officers as may be
provided for in the bylaws. or by
action of the stockholders or dlrec-
tors, and with the right to any OF the
three first named officers to hold the
office of Treasurer
8. That they desire the right Tor
said corporation, acting by its stock
holders, to make bylaws, rules ana
regulations for the government of the
corporation, with authority to the
stockholders to delegate such right
and power to the directors.
g.. That said corporation shall have
the right to contract and be contract
ed with, to sue and be sued, to plead
and be implicated, to have and use
corporate seal and to change the same
at pleasure, and generally to nave