The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-07-28
tabiish branch ofices and agencies


tabiish branch ofices and agencies
elsewhere.
b g.. That the capital stock of said
corporation shall be Seven Thousand
Dollars with the right to increase the
same from time to time up to but not
exceeding One Hundred Fifty Thou
sand Dollars by majority vote of the
stock issued and outstanding at the
time; all shares to be of the par val
ne Of Fifty Dollars each. That the cor
poration may have the right after in
creasing it's capital stock to reduce
the same from time to time by two
thirds vote of the stock issued and out
standing at the time to any amount or
amounts down to but not less than the
original minimum authorized capital
stock of Seven Thousand Dollars, and
in connection with such reduction that
the corporation may acquire and holq
as treasury stock any part of the stock
with the right to cancel the same at its
discretion, and also with the right to
again Increase such sock UP to but not
exceeding the maximum to be author
lied as herein set out.
4. That the object of said corpor-
alton is pecuniary ga to its stock
holders and that said corporation de-
s:res to have the following rights,
powers and privileges; 20 purchase
own, improve and deal in lands and
zeal estate; to construct, own, lease
er operate hotels, cl';os. restaurants.
soda fountains and ro'a.l stores, to
purchase, own hold AMI sell stocks
md bonds of other Corporations. to
lend money and take security there
COR; to. borrow money and secure the
payment of the same by deed, mort
gage or pledge of the assets o. pop
erty of the Corporation, with the right
IL endorse or guarantee the payment
II notes or bonds, or other evidences
Of debt in which the Corpora tion mas
have a pecuniary interest; to sell
rent, lease, or otherwise dispose Of
any of its property, real or persona.
&. That said corporation shall have
The right to receive in payment for
its capital stock, real or PERSONAL
bronertv at reasonable and fair val
nation.
6. That the officers of said corpor-
ltjon shall be president, vice pres
ident, secretary and treasurer, and
>uch other officers as may be provid-
"a for in the bylaws, or otherwise
)ysthe stockholders or directors, and
with the right for one person to hold
Two or more such Offices.
Z. That said corporation, acting by
Is stockholders may make and adopt
md change bylaws, rules and regula-
ions for the government OF the cor
ooration, with authority to the stock
holders to delegate such rights and
power to the Board of Directors.
8. That In addition to the powers
above enumerated, said corporation
shall have the right to contract aud
be contracted with, to sue and be
sued, to plead and be impleaded, to
have and to use corporate seal, and
also to have such rights, and powers
and privileges as are granted to and
vested in similar corporations under
the laws of said state.
0. That said corporation desires the
rights to liquidate its business, and
% sell and dispose of its property and
assets for that purpose and to be dis
solved as corporation at any time
prior to the expiration OF its charter
by vote of two-thirds of its capital
itock issued and outstanding at the
line action may be taken thereon.
BENNETT, TWITTY 81 REESE,
Petitioners Attorneys.
7.S,15.22.29.
(Signedl