The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-05-14
PETITION FOR CHARTER.
GEORGIA, GLYNN COUNTY.

The petition of Sam e. Brown, Ell
lott W. Butts, ]. E. Lambright, c. z. |
Walker, w. T. Grimes, w. S. Nathan,
and NJ. B. McKinnon, each of said state
and county, respectfully shows:
1. That petitioners desire for them
selves and such other persons as may
be associated with them to be incor-
porated under the laws of said state
under the name and style OF The
Brown Manufacturing Company, for a.
period Of twenty years, with the right
OF such renewal as is provided by
law.
2. That the object of said corpora
ton is pecuniary gain to its stock
holders.
3. That the particular business to
be engaged in is as follows:
(a) The producing and manufac-
turing of automobiles parts and acces
series, and especially automobile rims,
and such other manufacturing as is
not inconsistent Herewith.
OBJ The right to carry on any bus
mess or undertaking collateral or in
cidental to the foregoing; to do any
thing and everything suitable. for the
accomplishment of the objects and
purposes of said corporation, either
specifically enumerated herein or in
cidental thereto.
4. That said corporation be vested
with all Of the rights, powers and priv
ileges incident to corporations under
the laws of Georgia, including the
right to contract and be contracted
with. to sue and to be sued, to plead
and be impleaded, and to have and
use common seal.
5. That said corporation shall have
the right and power TO buy, own, sell
and deal in both real and personal
property, as may be necessary Or de
sirable for carving cut the objects OF
said corporation, including the right tc
acquire stock in other corporations
which by law is permitted unto it.
6. That said corporation shall have
the right to borrow money ana secure
the payment of same; the right to en-
dorse and guarantee the payment OF
notes Or other evidences of indebted
ness in which it may have an interest;
and the right to lend money and t"
take security therefor
z. That the principal Office or said
corporation shall be located in said
state and county, and that the said
corporation shall have the right to
establish other offices and places OF
business both within and without said
stateN
s. That the capital stock on said
corporation shall consist of one thou
sand shares of common stock without
any par value, and one hundred thou
sand dollars of preferred stock; said
preferred stock to be divided into one
Thousand shares Of the par value OF
.,ne hundred dollars each. On said
preferred stock there shall be payable
a seven per cent annual dividend, and
addition thereto said preferred stock
shall receive one half of the cash div
idends which may be declared by said
but said preferred stock
shall be without any voting power.
.. That said corporation shall have
the right, from time to time, to in.
crease its preferred stock, which in
crease or increases shall have the
same rights and limitations as the orig
mai issue of preferred stock. save and
Except that in the event of increase Of
said preferred than all cash dividends
snail be paid upon the common and
preferred stock upon basis of the to
al number of shares OF the corporation
without any distinction between the
and preferred stock: but the
INIT Of the increase OF preferred stock
shall be five hundred thousand dollars
TO- That said corporation shall have |
he right to receive in payment OF its |
common stock real and personal prop |
,rty and patent rights at fair and |
easonable value.
IL. That the officers of said corpor.
ton shall be President, Vice Pres"
dent, Secretary and Treasurer, and
UGH other officers as may be created
y the corporation from time to time.
And petitioners will ever pray.
j. T. COLSON,
Atty. for Petitioners.
Filed in Office, this April 8th, 1911
H. f. duBIGNON, Clerk.
GEORGIA, GLYNN COUNTY.
l, II. F. duBignon, Clerk of the SUI
erior Court Of said County, do hereby
Gritty that the above and foregoing
a true and correct Copy of the Peti-
ion fer Charter of The Brown Manu-
acturing Company as the same ap'
ears of record in my Office.
Witness my hand and seal of said
curt affixed On this 9Th day Of April,
921.