The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1916-12-03
PETITION FOR CHARTER.
GEoRGIA,-GIynn County.

said county, and Paul Hayden, Of
Bacon county. all citizens of Georgia, 4
present this petition for incorporation
and show:
l. Petitioners desire that they,
their associates and SUCCESSORS, be
created and founded a body corporate
and polite under the name of New
Lacy Cotton Company" which name
is that Of no other Georgia corpora
ton. with its domicile and chief place
of business in said county of Glynn,
the object and purpose whereof being
pecuniary gain and profit to the share
holders.
II 2. The business which such cor
poration will engage in, is that OF
ginner, manufacturer, general dealer
and planter; and amongst the things
comprehended and intended to be
done by it and for which authority is
asked, petitioners specify the follow
ing:
II (a) To gin cotton, manufacture
cotton-seed oil meal and all products
Of the cotton plant, and fertilizer
used in enriching lands for the cult
walton of that plant.
II (b) TO buy and sell cotton, cot
ton seed oil and all products of the
cotton plant, and fertilizers kpr cot
ton lands and all sorts of machinery.
mills, engines, tools, and apparatus
used in cultiyating the cotton plant,
gathering its yield and manufactur-
ing products from it and manufactur-
ing such said fertilizer.
(c) To act as factor and ware
houseman in handling and dealing in
and storing cotton and all goods and
wares and fertilizers and all such
kinds of machinery.
I'D To buy, sell, lease ar gener-
ally deal in lands and plantations in
the cotton belt suitable for growing
the cotton pant;
(e) To operate cotton plantations
in raising cotton, and incidentally in
that connection and in aid of such to
cultivate and utilize such other and
general crops as are needful or use
full for stock and otherwise in operat
ing such plantations; breed raise. buy
and sell all kinds of domestic animals,
live stock and cattle useful for food
or other the many useful purposes of
such and as are generally kept by
planters for farm Or general use.
() To own, purchase, sell lease
al patents and patent rights on all
kinds of machinery and tools such as
and including those in this applica-
ton expressly mentioned either out
right or in districts or territories
whether. issued in or by authority of
the United States government or
abroad.
60 To own, hire and operate tram
roads. automobiles and all other We
hicles useful in the transportation of
any Of the commodities, wares or
products Or machinery the company is
permitted to handle or deal in, and to
act as common carrier for others in
the transportation of all such for hire
by such vehicles. tramways only ex
J copied.
(h) To own and operate commits.
saries and general stores for the sell
ing and furnishing of all kinds of
goods wares. merchandise and We
hicles to its employees or to the gen
eral public
Cd To subscribe for, buy and sell
stocks in and bonds and securities
issued by other corporations where
not inhibited by the law of the land
CD To own or lease and use all
lands estates in lands, building,
stores, warehouses and all kinds of
mills manufactures. gins. machinery
engines, apparatus tools and imple-
ments of every kind and farm animals
useful for the purpose of carrying on
its business.
(k) And that said corporation in
> conducting its said business be en-
powered to do any of said acts and
, exercise any of said powers, saving,
IOf course, those relating to it's cor
porate control and management as
the agents for others for hire or com.
: mission as for and on its own ac-
count for profit.
3, The capital of said corporation
to be ten thousand dollars, which is
ready to be paid upon the granting of
| its charter. organization of the COM
!. pany and call therefor. But it is
desired that the shareholders be en-
4 powered at any regular meeting, upon
, a vote of threefifths of the entire
/ stock at the time, to increase its CAPT
tai stock from time to time up to
one hundred thousand dollars and in
like manner and on like vote may
/ afterwards reduce and retire its stock
} until il is not below ten thousand
dollars; all the stock being divided
} into shares of the par value of one
hundred dollars each. and in order to
reduce its capital stock it may buy in
its stock and borrow necessary funds
for the purpose.
4. That said corporation have
power TO receive in payment for any
stock subscription real or personal
property useful or necessary in its
business.
S. The directors, without vote of
the shareholders, may borrow money
| s,,, Al.