The Brunswick news., 1913-04-22
PETITION EoR CHARTER.


Fendig and C. S. TAFT, all of GlynnI
county, Georgia, respectfully elbows;
/. That petitioners desire for them
selves, their associates, successors
and assigns, to be made a body cor
porate and polite under the laws of
the state of Georgia, under the name
and style of Columbia Naval Stores
Company, for a term of twenty years
with privilege of renewal as provided
by law.
2. That the principal office and
place of business of said corporation
shall be in the city of Brunswick,
Glynn county, Georgia, with the right
20 establish and maiLtain branch Of.
fees for the transaction of business
of the corporation at Savannah, Geor
gia; Jacksonville. Florida; Fernan.
dina, Florida; New York City, New
York, and such other places in tEs
United States and in foreign cour-
tries as may be desired by the cor
poration.
3. That the capital stock Of said
corporation shall be two hundred
thousand dollars divided into two
thousand shares of the par value Of
Iuene hundred dollars each, with the
light to increase the capital stock
from time to time to any amount o.
amounts not exceeding one million
dollars by majority vote Of the stock
issued at such time or times as ac-
ton may be taken by the stockhold
ers to increase such stock. Petition
| ers desire the right, in the even
the capital stock is increased in ex
cess of two hundred thousand dol
lars, to reduce the same from tim
to time by two-thirds vote of the cap
ital stock outstanding, provided sucl
capital stock shall not be reduced
below the minimum authorized cap
ital of two hundred thousand dollars
4. The object of the corporation /:
pecuniary gain to its stockholders
!. and the particular business in which
the said corporation proposes to en-
gage is:
(a) To buy, sell and deal in, eth
er on itseown account or as a broker
or otherwise, cotton, turpentine, ros
in and naval stores products Of all
kinds, and such other products and
commodities as it may desire.
OBJ To operate turpentine farms
commissaries and stores.
(c) To engage in the manufacture
and sale Of lumber and crossties
and other timber and wood products
(d) To buy, lease, own, hold, i'm
prove, sell eld deal in real property
of all kinds.
(e) To buy. sell and generally deal
in, either on its own accord, or as
broker or otherwise, any and ali
kinds Of personal property; including
stocks and bonds of other corpora.
tions which it could lawfully own
and hold, and investment securities
generally.
(f) To own, construct, equip and
operate tram roads in connection
with its business.
(g) To transact any line or depart
ment OF its business either on it's own
account or as a factor, broker or com.
mission merchant.
(hl To engage IL the business Of
warehousemen and wharfinger, with
the right to lease, own and operate
warehouses, wharyes and docks.
(D To loan money, and to borrow
money and secure the payment of the
On ~ he ~Su 30
alton.
5. That said corporation shall have
the right to receive in payment for
its stock real and personal property
at reasonable and fair valuation.
s, That the officers of said corpor-
alton shall be a president, vice pres
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, and
with the right to any one Of the
three first named officers to hold the
office Of treasurer.
g. That said corporation shall have
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
an6 power to the board of directors.
s That said corporation shall haze
the right to contract and be CONTRACT
ed with, to sue and be sued, to plead
and be impleaded, to have and use
a corporate seal, and to change the
same at pleasure, and generally TO
have and exercise such powers,
rights and privileges as are incident
to and vested in similar corporations
under the laws Of Georgia.
(Signed)-5ennet, Twitty & Reese,
Petitioners Attorneys.