The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1916-04-26
PETITION FOR CHARTER.
GEORGIA-Glynn county.

GEORGIA-Giynn county.
To the Superior Court Of said
County:
The petition of George w. Hinckley,
of the state and city of New York, and
Coan G. Higgins and Albert Fendig,
of Glynn county, Georgia, respectfully
shows:
l. That petitioners desire for them
selves, their associates, successors
and assigns to be made body corpo-
rate and polite under the laws of
Georgia under the name and style of
Brunswick Marine Construction
Corporation for term of twenty
years, witwh the privilege of renewal
as provided by law.
2. That he principal office of said
corporation shall be in the city of
Brunswick, Glynn county, Georgia,
with a branch office in the city, coun-
ty and state of New York with the
fright to establish and maintain branch
offices and agencies elsewhere in the
state of Georgia and in other states
of the United States land in foreign
countries.
8. That the capital stock of said
corporation shall be one hundred
thousand dollars of which fifty thou
sand dollars shall be common stock
divided into five hundred shares of
the par value of one hundred dollars
each, and fifty thousand dollars to be
preferred stock divided into five hun
dred shares of the par value Of one
hundred dollars each and on which
there shall be payable seven per
the right to increase the common
stock from time to time to any amount
or amounts not exceeding one million
dollars, and the like right to increase
the preferred stock from time to time
to any amount or amounts not exceed
ing two hundred and fifty thousand
dollars such increases to be made by
a majority vote Of the common stock
issued and outstanding on the date or
dates action Is taken to increase such
stock, all shares to be one hundred
dollars each.
nat tbC PlClCi GU SLOCh SIldlk UC
without voting power. That in the
event of any increase in the common
stock the corporation by majority vote
of the common stock shall have the
right to reduce and retire the common
capital stock from time to time to its
original minimum of fifty thousand
dollars, but not below that amount.
That the corporation by majority vote
of the common stock shall have the
right from time to time to retire all
or part of the preferred stock, in
Guiding the original or an@ subsequent
issue, upon such terms as they may
fix prior to its issue.
5. That the object of the corpora
ton is pecuniary to It's stockholders,
and the principal business in which
said corporation proposes to engage
is:
To construct, build. repair, equip
and sell ships. vessels, barges and 9TH
er watercraft, including battleships,
cruisers, torpedo boats and destroy
ers, transports, submarines, and naval
vessels and ships OF all kinds and
classes, sailing vessels, steamships,
steamboats,, yachts, motorboats, and
vessels and watercraft of all kinds
and classes, operated by any power,
method or device.
To buy, lease, sell, charter or other
wise deal In vessels, ships and other
watercraft as above enumerated.
To construct, own and operate facil-
tiles and appliances incident to it's
shipbuilding business, including dry
docks, mariner railways, machine
shops and all other appliances. aids
and devices needed or required in the
conduct Of its business.
TO manufacture, sell and deal In any
machinery, devices, appliances or APP
purtenances of every kind or charac.
ter required, needed or used In the
construction, equipment and operation
of vessels, ships, steamboats, and wa
tercraft of all kind, and for any and
all other purposes.