The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1917-04-19
PETITION EoR CHARTER.
GEORGIA, GLYNN COUNTY.

ly.
The petition of S. II. Brown, OF the |
state and city of New York, and S. K !
Brown, Mike Brown, J. f. Lambright
and Paul Morton OF Glynn county,
Georgia, respectfully shows:
/. That petitioners desire for them
selves, their associates, successors
and assigns to be made body cor
porate and polite under the laws of
Georgia under the name and style OF
American Shipbuilding Company for
term of twenty years. with the priv
ileges OF renewal as provided |by law.
2. That the principal office OF said
company shall be in the city of Bruins
wick. Glynn county, Georgia, with A
branch office in the city, county and
state OF New York, with the right
10 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.
g. 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
4 - a III, EKaar In
| made by 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.
4. That in the event Of any in
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.
5. That the object of the corpora
ton is pecuniary gain to it's stock
holders, and the principal business
in which said corporation proposes to
engage is:
To construct, build, repair, equip
and sell ships, vessels, barges and
| other water craft. including battle
ships, cruisers, torpedo boats and de-
stroyers. transports, submarines, and
Iihagal vessels and ships of all kinds
ann classes sailing vessels steam
ships, steamboats,, yachts, motor boats
| and vessels and water craft OF all
kinds and classes, operated by any
| power, method or device.
TO buy, lease. sell or otherwise
ideal in vessels, slips and other water
craft as above enumerated.
TO construct. own and operate fla
cilities and appliances incident to its
| shipbuilding business, including dry
docks, marine railways, machine
shops and any and all other appli-
ances, aids and devices needed or
required in the conduct of its busi-
ness.
| To manufacture, sell and deal in
any machinery, devices. appliances or
| 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,
lease and improve all real and per-
| 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
in stocks and bonds of otter corpor-
atoms and investment securities gem
| orally, provided that in SO doing it
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 lend money and take security
therefore.
1t is not intended or desired to pray
for or for said corporation to have
the rights or powers of 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,
to sue and be sued, to plead and be
implicated, to have and use a corpor-
ate SEAL and to change the same at
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 of
Georgia.
z. That said corporation may have
the right IN raraiyn in nayunnt FIR