The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1917-10-03
PETITION TO RENEW CHARTER


MINAL & RAILWAY SECURITIES
COMPANY respectfully shows:
l. That it was incorporated under
the name of BRUNSWICK DOCK &
CITY IMPROVEMENT COMPANY
by this court b. order granted Deem
Der 6, 1897, for a term of twenty years,
and that therefore its charter will ex-
pire by operation OF law at said time
unless renewed.
2. That by an amendment granted
to its charter by order of this court
on October %, 1909, the name of the
corporation was changed from Bruins
wick Dock and City Improvement
Company to Brunswick Terminal and
Railway Securities Company, and by
said amendment petitioner was au-
th0rized to increase its capital stock
from Five Million Dollars up to Ten
Million Dollars, and that its outstand-
ing capital stock is now Seven Mil
lion Dollars represented by Seventy
Thousand shares of the par value of
One Hundred Dollars each, all being
common stock.
Reference is hereby had to the
original petition for incorporation and
said order Of December 6. 1897, grant
ing the same, and. to the original pc
titiOn for amendment to the charter
and the order of October %, 1909
granting the same, and all of which
are of file in the office of the Clerk
of this court, and to the charter rec
Ords and final records OF this court in
which said petitions and orders have
been recorded as provided by law in
such cases, for a full understanding
Of the rights privileges and powers
,iven and granted to petitioner.
3. That petitioner desires that its
charter be renewed for a term of
twenty years from December 6, 1917,
with all OF the rights, powers and
privileges given and granted by its
original charter and the amendment
thereto, including the right to increase
its capital stock from time to time
up to but not exceeding ten million
dollars by majority vote of the stock
issued and outstanding at the time
action is had to make such increase.
! That at a meeting of the stockhold-
ers of petitioner duly called in accord
ance with the bylaws of petitioner
and held at the office of the Company
| in the City of Brunswick, Georgia, on
| September 20, 1917, and at which
meeting majority and quorum of the
| stock was represented and voted, the
| following resolution was unanimously
| adopted
WHEREAS, a charter was grant
ed to the Brunswick Dock and City
Improvement Company by the Super
! ior Court Of Glynn County, Georgia
| on December 6, 1897, for a term OF
twenty years;
AND WHEREAS, upon proper pro
| ceedings had for the purpose OF
| amending the charter the name OF
said corporation was changed to
| Brunswick Terminal and Railway Sc
| curities Company by order of said
| court granted October 23, 1909, and
| by said amendment the corporation
was authorized to increase it's capital
| stock from five million up to ten mil
lion dollars and by appropriate ac-
| ton Of the stockholders the capital
| stock was increased to seven million
| dollars represented by seventy thOus-
| and shares of the par value of one
hundred dollars each, and this being
the present outstanding capital stock
OF the Company;
"AND WHEREAS, said charter will
| expire by operation of law on Deem
| Der s, 1917, unless renewed;
NOW THEREFORE, BE 1T AND
1T IS HEREBY RESOLVED by the
stockholders of Brunswick Terminal
and Railway Securities Company in
meeting duly assembled that the char
i ter of this corporation be renewed
for another term of twenty years, and
| that application be made to the SUI
perior Court of G1ynn County, Geor-
! gia, for such renewal for a term of
| twenty years from December 6, 1917,
with all Of the rights, powers and
privileges granted to the corporation
| by its original charter and by the
amendment thereto of October %,
1909.
FURTHER RESOLVED that the
officers and attorneys of this corpora
ton be and they are hereby author.
| lied and directed to ,axe the neces.
sary and proper legal proceedings to
] ave the charter so renewed
A certified copy of said resolution
| comprising an abstract of sc min
utes of said meeting, and such other
I abstracts from said meeting as are
pertinent to this petition, duly certi-
fed under the corporate seal of petit
toner, is hereto attached with the
usual leave of reference thereto