The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1913-06-20
LEGAL ADVERTISEMENTS
PETITION FOR CHARTER.
STATE OF GEORGIA = County


deau, each of Glynn county, Georgia,
respectfully shows:
l. That they desire for themselves
their associates and successors TO be
incorporated and made body polite
under the name and style of United
Supply Company, for the period OF
twenty years, with the right OF re.
newal when and rs provided by the
laws of Georgia.
2. The principal office of said cor
poration will be in the city of Bruins
wick, Georgia; petitioners desire the
right and privilege, however, to have
and establish such branch houses,
places of doing business, offices and
agents at any place or places in this
state or elsewhere.
3. The object of said corporation is
pecuniary gain to itself and its stock
holders.
f. The principal business to be car
ried on and conducted by it Isl
a. Manufacturing, buying and sell
ng as jobbers or retailers or both
5eneral mill supplies, engines, boil
ers, machinery and appliances of all
kinds, classes and description, and,
to that end, to purchase, lease, own,
operate and sell sawmll and other
| manufacturing plants, timber. tim
| Der lands, live stock and to do each
properly carry out this line OF said
business.
b. Manufacturing buying and sell
| ing, as iobbers or retailers or both,
| hardware and builders supplies of all
kinds and description, and to that end
% generally deal in each and overy
irticle or thing usually kept h9ndl ID
and sold by wholesale and ret ii
merchants.
c. To carry on the husiGoas Of
warehousing in all OF its branches to
receive on consignment, or otherwise,
to store, sell and distribute goods on
commission or other basis
d. To apply for, register, purchase,
lease or otherwise acquire, and to
hold, use, own, operate and introduce
|
pose of any trademarks, trade names,
patents, inventions and processes
used in connection with or secured
alton shall be fifty thousand $50, 000)
pelpunQ 9AU o4u! pop!Alp 'sIeuop
shares of the par value of one hun
dred ($100) dollars each; of such to-
tai authorized capital stock, three
hundred shares amounting to thirty
thousand dollarss1 will be common
Stock, and tvs hundred shares
amounting to twenty thousand dol
lars, will be preferred stock
From time to time the preferred
stock and the common stock may be
increased to not exceeding in the ag-
gregate the sum of two hundred and
fifty thousand dollars, and may be is
| sued in such amounts and proportions
as shall be determined by the board
IF directors, ana as may be permit
ted by law.
The holders OF the preferred stock
shall be entitled to receive when and
as declared, from the surplus or net
/ profits of the corporation, yearly divi-
! dends at the rate of eight (S) per
| cent per annum, payable annually, on
iates to be fixed by the bylaws, and,
| after a like dividend of eight 60 per
! eentum shall have been paid to the
holders of the common stock, all 9th
er funds set aside for dividends shall
| be equally divided between the two
| classes of stock The dividend On
the preferred stock shall be cumu-
latiye, and shall be payable before
any dividend on the common stock
| shall be paid or set apart; SO that, if
| thy yearly dividends amounting to
eight per centum shall not be paid
| hereon, the deficiency shall be pay
ible before any dividends shall be
paid upon or set apart for the com
| non stock.
At any time, and from time to time
| lDon majority vote of a regular or
| special stockholders meeting, any
| mount Of the preferred stock may
be called in and redeemed at the
price Of one hundred dollars per
share and accumulated dividends and
| profits.
Then per centum of the capital
stock has been paid In cash, and pc
itioners desire that subscriptions to
my of the capital stock may be paid
II property to be taken at a fair yalu
alton.
6. Petitioners desire that said cor
poration have the right to sue and
re sued, to plead and be implicated;
o have and use common seal; to
make all necessary bylaws and regu
atoms, and to do all other things
hat may be necessary for the sue
;essful carrying on of said business,
Including tie right to buy, sell and
void real estate and personal prop
arty and to execute notes and bonds
IS evidence OF Indebtedness incurred
II TO be incurred, in the conduct OF
he affairs Of the corporation and to
ecurc the same by mortgage, seeuri-
Y deed or other form of lien, and al
;uch other rights, privileges and i'm
| Mo-, Il