The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1916-10-04
PETITION FOR CHARTER.


To the Superior Court of Said
County:
The petition of c. Downing, ]. ].
Conoly, r. +. Sherman and c. p.
Dusenbury. of Glynn county, Georgia.
and ]. W. Tippens. of Appling County.
Georgia, respectfully shows:
THAT petitioners desire fer them
selves, their associates. sucos ssors
and assigns, to be made a body CO.
porate and polite under the laws of
Georgia, under the name and style of
Home Realty 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 Of
fices 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 One hundred
thousand dollars, with the right and
power to increase the capital stock
from time to time to any amount or
amounts not exceeding Five hundred
thousands dollars by a majority vote
of the stock issued at such time as
action may be taken by the stockhold-
ers 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. i'm
prove, sell and deal in real property
! of all kinds.
l Oh TO buy. sell, invest and deal in
stocks and bonds Of other corpora
tions and investment securities gen
orally and as well other personal
property in the discretion of the com
pany.
(c) To buy, sell and generally deal
in, directly for its own profit, or as
q broker or otherwise. any and all
kinds of real and personal property
(d) To engage IN the. naval stores
business and to operate turpentine
farms, commissaries and stores.
(e) To engage in the manufacturer
and sale of lumber and crossties or
other timber and wood products.
() TO lease 3construct, equip own
and operate tram roads, I'D.
(g) To improve tracts OF land by
sub.diyiding farms, and to develop
such lands and to promote the settle
ment and colonization OF the same.
IN 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, with the right to endorse or
guarantee the payment of notes or
bonds and other evidences of debt In
which the corporation may have a
pecuniary interest
% To form co-partnerships with
other corporations or with individuals
for the purpose of exercising any pow
ers. rights and privileges prayed for
and set out above. such co-partner-
ships to be formed under such con
tracts and upon such terms and con
ditions as may be authorized by the
stockholders or by the directors.
6.-That said corporation shall have
the right to receive in payment for
its capital stock, real or personal
property at reasonable and fair
valuation.
THAT the officers of said corpor
alton shall be Il President, Vice-Presi
dent. Secretary and Treasurer, and
such other officers as may be pro
vided for in the bylaws, or by action
of the stockholders or directors. and
with the right to any of the three first
named officers to hold the office OF
Treasurer.
S.-That they desire the right fol
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
and power to the directors, and that
the stockholders or board of directors