The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1916-05-03

or amounts not exceeding one million
dollars, ana lie like right to increase
the preferred stock from time to time
to any amount or amounts not eXceed1
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
4. That the preferred stock shall be
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 a part of the preferred stock, in
Guiding the original or any subsequent
issue, upon such terms as they may
fix prior to its issue.
5. That the object of the corporation
4 $ pecuniary gain to its stockholders,
and the principal business in which
said corporation proposes to engage
lis:
To construct, build. repair, equip
and sell ships, vessels, Darges 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, marine 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.
To acquire, own, use, sell and deal
in patents, patent rights, trademarks,
trade NAMES and copyrights useful in
or appurtenant to its business.
] To purchase, acquire. own, hold,
sonal property needed or desired in
Its business, with the right to sell or
otherwise dispose of the same.
To buy, own, SELL invest and deal
lin stocks and bonds of other corpo-
Irations and investment securities gem
orally, provided that in so doing it
shall not violate any law
To borrow monney, and secure the
payment OF the same by conveyance,
mortgage or pledge of all or any part
of the assets Of the corporation
TO lend money and take security
therefor.
6. In addition to the objects and
particular kinds of business above
enumerated, petitioners desire that
! said corporation shall have the right
to contract and be contracted with,
to sue and be sued, to plead and be
implicated, to have and use corpo-
rate seal, and to change the same at
pleasure, with the right to have and
exercise all rights, powers and priyil-
eyes granted to and vested in similar
corporations under the laws Of Geor-
ga.
Z. That said corporation may have