The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1916-05-17
PETITION FOR CHARTER.
'EORGIA-Glynn 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:
1. That petitioners desire for them.
selves, their associates, successors
and assigns to be made a body corpo-
rate and polite under the laws OF
Georgia under the name and style of
Brunswick Marine Construction
Corporation for a term of twenty
ears, witwh the privilege of renewal
provided by law.
2. That the 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
right 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.
3. That the capital stock Of said
corporation shall be one hundred
thousand dollars, of which fifty thou
sand dollars shall be common stock
ivided into five hundred shares Of
he 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 a seven per
cent annual cumulative dividend, with
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
O any amount or amounts not exceedY
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 actioH is taken to increase such
stock, all ss,ares to be one hundred
dollars each.
4. That the preferred stock shall be
W1tAOQL VOtlA5 POWSAs hest Al ShO
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.
S. That the object of the corporation
pecuniary gain to its stockholders,
and the principal business in which
said corporation proposes to engage
is:
To construct, build, repair equip
and sell ships vessels, Darges and 9th
er watercraft, including battleships
cruisers, torpedo boats and destroy
rs, 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 its
shipbuilding business, including dry
ocks, 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 ap-
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