The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-05-07
PETITION FOR CHARTER

bnO ouPci Hor NOuTl OI Sald COul
ty:
The petition of r. L. Philips, Albel
Fendig and William Dunwody, all q
said State and County, respectful
shows
l. That petitioners desire for then
selves, their associates, successor
and assigns, to be made body cor
porate and polite under the laws o
Georgia under the name and style O
l.R. l.. PHILIPS COMPANY, for tern
of twenty years, with the privilege o
renewal as provided by law.
2. That the principal office of salt
corporation shall be in the City o
brunswick, Glynn County. Georgia
| with the right to establish branch of
fees and agencies elsewhere.
3. That the capital stock of SAID
corporation shall be Thirty-six Thou
sand Dollars, with the right to in
crease the capital stock from time &c
time to any amount or amounts not
exceeding TWO Hundred Thousand
Dollars by majority vote of the cap
ital stock issued sAA outstanding al
the time action Is taken making such
increase, all shares 70 be common
stock and to be of par value of One
undred Dollars each.
A. That the object of the corpora
tion is pecuniary gain to its stock
holders, and that the particular bust
ness of the corporation will be:
To engage Fthe real estate busl
ess, including the buying. selling and
enting of real property;
To buy, own, improve. SELL lease
and deal in lands and real property:
to acquire, hold. sell and deal ii
locks and bonds and investment Sc
curities generally; to loan money and
AXE security therefor; to borrow mon
" and secure the payment of same
" conveyance, mortgage or pledge
the assets of the corporation; to en-
orse and guarantee notes. bonds
mortgages and other evidences o
ebt in which the corporation ma,
/ ave a pecuniary interest.
With the right to do any of the
bove things either on its own accoun
= as agent on brokerage or commits
icn basis. -
To act as agent for a brokerage o
commission for insurance companies
Underwriters or brokers. including
re, life, health, benefit. casualty, ac
ident, marine. storm, indemnity. liza
ility. and all other forms and classe'
{ insurance which may now or here
fter be issued.
5. That said corporation shall have
he right to receive in payment for its
apital stock real or personal property
nd good will at a reasonable and fail
ralua ton. gttf
6. That the officers of said corpol
alton shall be a president, vice -presi
cnt, secretary and treasurer, and
UGH other officers as may be provided
or in the bylaws, or otherwise by the
tockholders or directors, and with
he right for one person to hold two
II more such offices except that the
resident cannot, of course, hold the
flee of vice-president.
7. That they desire the right for
aid cooperation, acting by its stock
folders. to make, bylaws. rules ana
equations for the government of the
corporation, with authority to the
tockholders to delegate such right
md power to the directors.
s. That in addition to the powers
boyc enumerated said corporation
hall have the right to contract ana
70 contracted with. to sue and be sued,
to Mead and be implicated, to have
and to use corporate seal, and alsf
In have such rights, powers and priv
leees as are granted to and vested IN
similar corporations under the laws
of said state.
9. That said corporation desires
the right to liduidate its business. ano
O sell and dispose of its property and
assets for that purpose and to be dis
olved as a corporation at any time
,ricr to the expiration Of its charter
" vote of two-tbirds of its capital
Jock issued and outstanding at the
inc action may be taken thereon.
BENNET. TWITTY q REESE,
Petitioners Attorneys.
Filed in office of Clerk OF Superior
Court of Glynn County, Georgia, April
I'll, 1921.