The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1917-10-05
PETITION FOR CHARTER.
COUNTY


GEORGIA-GLYNN COUNTY.
10 the Superior Court Of said County:
The petition Of F. T. Twtty, Mil
lard Reese and D. Il. Pope, all Of
said county, respectfully shows:
l. That they desire for themselves,
their associates. successors and as
signs, to be made a body corporate
and polite under the laws of Georgia
under the name and style of TIMBER
PRODUCTS COMPANY for term OIL
twenty years with the privilege of
renewal as provided by law.
? That the principal Office Of said
corporation shall be i'll the city of
Brunswick, Glynn County, Georgia
with the right to establish branch Of
| fees elsewhere in said state and in
other states and in other countries.
, That the capital stock Of said
| Corporation shall be fOu Thousand
dollars, with the right to increase the
capital stock from time to time to any
amount or amounts not exceeding
Sixty Thousand Dollars by majority
vote of The stock issued and outstand
ing at the time or times action may
be taken to authorize such increase,
all shares to be OF the par value of
! one Hundred Dollars each. The OBJ.
ject of the Corporation is pecuniary
gain to its stockholders
T. That the particular business in
which the Corporation desires the
right to engage is,
TO engage in the manufacture and
sale of lumber, timber and timber
products;
To operate turpentinc farms, and to
engage i'll the naval stores business
generally on its own account or as
broker or commission merchant;
To construct, acquire, own, hold
and operate sawmills, planning mills
dry kilns, tram roads, and all plants
] appurtenances and equipment which
may be deemed eXpedient in the con
duct OF its business;
, TO own and operate stores and con
, | missaries;
To buy, lease, own, hold, sell ant
deal in timber and timber lands;
: TO buy, own, improve, develop, sci
and deal in lands;
To lend money and to borrow mon
ey, and to secure the same by convey
! ance or pledge OF its assets;
9 TO buy, sell, invest in and deal il
, ! stocks, bonds and investment securi
d, ties generally, and as well other per
sonal property;
, And generally to have and exercis,
, such other rights. powers and priv
iIeges as shall be incident to its bust
ness, and as well such rights, power!
and privileges as are granted to sim
liar corporations by the laws of Geor
, gia, including the right to contract
and be contracted with, to sue ant
be sued, to have and use a corporate
seal and to change the Same at pleas
ure.
s. That said Corporation shall have
the right to receive in payment for
its capital stock real or personal pror
erty at a reasonable and far valua
ton.
6. That the officers of said Cor.
porati0n shall be President, Vice
President, Secretary and Treasurer
and such other officers as may be
provided for in the bylaws, or by ac-
ton of the stockholders or directors,
! and with the right to elect one per
son to hold any two of said designated
Offices except that Of President or
vice president
T. That they desire the right for
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.
BENNETT, TWITTY and REESE,
Petitioners Attorneys.
III 9-28-l0-5-12-19