The Brunswick news., 1917-05-10
PETITION FoR CHARTER.
GEORGIA. GLYNN COUNTY.

R%-DtNeA&As ~ -
20 the Superior Court of Said Ceun
ty:
The petition OF 5. H. Brown, OF the
state and city Of New York, and 3. X
Brown, Mike Brown, ]. T.. Lambrigh
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 saiL
company shall be in the city OF Bruins
wick. Glynn county, Georgia, with q
branch offise in the city, county and
state OF New York, with the righl
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.
3. That the capital stock OF sale
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 10 time TO any amount OF
amounts not exceeding five hundred
thousand dollars, increases to be
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
vi uity thouonuu uoiiuioj Dut AVI 10
low that amount.
3. That the object of the corpora
ton is pecuniary gain to its stock
holders, and the principal business
in which said corporation proposes to-
engage is: s8
To construct, build, repair, equip
and sell ships, vessels, barges' ano
other water craft, inciuding battle
ships, cruisers. torpedo boats and de
stroyers, transports, submarines, and
naval vessels and ships of all kinds
anu 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, icase,h sell or otherwise
deal in vessels, ships and other water
craft as above enumerated.
TO construct. own and operate fa-
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 and 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-
ations and investment securities gen.
orally. provided that in so doing 1t
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 praS
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,
and vice presidents shall be stock
holders. but it shall not be necessary
to sue and he 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