The Brunswick news., 1917-05-03

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company shall be in the city of Bruins
wick, Glynn county, Georgia, with
branch oni>e in the city. county and
state Of New York. with the right
to establish and maintain branch Of
| fees and agencies elsewhere in the
state of Georgia and IN other states
of the United States. and in foreign
countries.
! ,. That the capital stock of said
company shall be fifty thousand dol
lars, common, stock divided into five
hundred shares of the par value Of
one hundred dollars each, with the
right to increase said capital stock
from time to time to any amount or
amounts not exceeding five hundred
thousand dollars, increases to be
| made by a majority vote of the com
mon stock issued and outstanding on
the date or dates action is taken to
increase such stock, all shares to be
one hundred dollars each
/ ltlt III tlLt CNclIl vi any III
crease in the stock, the corporation,
by majority vote of the common
stock, shall have the right to reduce
and retire said capital stock from
time to time TO its original minimum
of fifty thousand dollars, but not be-
low that amount.
| Oh .
ton is pecuniary gain to its stock
holders, and the principal business
i'll which said corporation proposes to
engage is:
TO construct, build. repair, equip
and sell ships, vessels, harges and
other water craft, including battle
ships, cruisers, torpedo boats and de-
3troyers, transports, submarines, and
naval vessels and ships of all kinds
anu classes, sailing vessels, steam
ships, steamboats,, yachts, motor boats
and vessels an water craft of all
kinds and classes, operated by any
power, method or device.
TO buy, lease, sell or otherwise
deal in vessels, ships md Other water
craft as above enumerated.
To construct, own and operate ia
ciliiies and appliances incident to lis
shipbuilding business, including dry
docks, marine railways, machine
shops and any and all other appli-
ances, aids and devices needed OF
required in the conduct of its husi-
ness.
TO manufacture, sell and deal in
any machinery, devices, appliances OF
appurtenances of every kind or char
acter required, needed or used in the
construction, equipment ard opera
tion Of vessels, ships, steamboats, and
water craft of all kinds. and for any
and all other purposes.
To acquire, own, use, sell and deal
in patents, patent rights, trade marks
trade names and copyrights useful in
Or appurtenant to its business.
To purchase, acquire, own. hold
ease and improve all real and per
sonal property needed or desired in
its business, with the right to sell OF
otherwise dispose of the same.
To buy, own, sell, invest anl deal
in stocks and bonds OF otter corpor
ations and Investment securities gen
orally, provided that in SO doing il
shall not violate any law
! TO borrow money and secure the
payment of the same by conveyance
mortgage or pledge of all or any part
of the assets of the corporation
TO lond money and take security
therefore.
1t is not intended G.. desired to pray
for or for said corporation to have
the rights or powers of a navigation
company
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
and vice presidents shall be stock
holders, but it shall not be necessary
10 sue and be sued, to plead and be
impleaded, to have and use corpor-
sired and provided for by the stock
agents as may be provided for by the
ate seal, and to change the same al
pleasure, with the right to have and
exercise all rights, powers and priv
ileges granted to and vested in SINH
lar corporations under the laws o
Georgia.
7. That said corporation may have
the right to receive in payment fo
its capital stock real or persona
property at a reasonable and fair val
uation.
8. That the officers of said corpor
!, alton shall be a president, vice pres
idents, secretary and treasurer, sucl
number of directors as may be de
bylaws or by the stockholders or di
rectors, with the right to any of tht
three first named officers to hold tn,
, office of treasurer The presiden