The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-08-23
illegal advertisement

minimum authorized capital stock of
Fifteen THOUSAND dollars, and in con-
nection with such reduction that the
corporation may acquire and hold as
treasury stock any part of the stock
with the right to cancel the same in
its discretion, and also with the right
in the corporation by like vote to
again increase such stock up. to but
mot exceeding said maximum capital
Eof FIVE Hundred Thousand Dollars
4. That the object of said corpora
ton is pecuniary gain to its stock
holders, and that said corporation de-
sires to have the following rights.
powers and privileges:
To manufacture ano deal in fertil-
izers, by-products from fertilizers,
and chemicals; to acquire, own sell,
and deal in patents and patent rights,
patent processes and trade marks !;
to own and conduct chemical and re-
search laboratories; to own, lease and
operate phosphate mines or other
mines containing ingredients for fer
filters or fertilizer by-products and
other chemicals; to acquire, own and
improve real estate; and tc acquire
and own all property, real and person
al incident to its business: to own,
lease and operate tram roads in con-
nection with its business; to pur-
chase, own, hold and sell stocks and
bonds of other corporations; to lend
money and take security therefor; to
borrow money and secure the pay
ment OF the same by deed, mortgage
or pledge of the assets and property
of the corporation, with the right to
endorse or guarantee the payments
of notes or bonds or other evidences
of debt in which said corporation may
have a. pecuniary interest; to sell,
trent, lease, or ,s,otherwise dispose of
any of its property, real or personal.
5. That said Corporation shall have
the right to receive in payment for its
capital stock, real or personal prop
erty at a reasonable and fair valua.
ton.
6. That the officers of said Corpora
ton shall be president, vice-presi-
dent, secretary and treasurer. and
such other officers as may be pro-
vided for in the bylaws, or otherwise
by the stockholders or directors, and
with the right for one person to hold
two OR more such offices.
z. That said corporation, acting by
its stockholders may make and adopt
and change bylaws. rules and regula'
tons for the government of the cor
poration, with authority to the stock
holders to delegate such right and
power 10 the Board of Directors.
s. That in addition to the powers
above enumerated seid corporation
may have the right to contract and be
contracted with, to sue and be sued
to plead and be implicated, to have
and to use corporate seal, and also
to have such rights, powers and priv
iIeges as are granted to and vested
in similar corporations under the
laws of said state.
8. That said corporation desires the
right to liquidate its business, and to
sell and dispose OF IT'S property and
assets for that purpose and to be dis
solved as corporation at any time
prior to the expiration Of its char
ter, by vote OF two-thirds OF its CAPT
tai stock issued and outstanding e
the time action may be taken thereon.
Itsigned) Bennett, Twitty & Reese.
Petitioners Attorneys.
Filed in the Office OF the Clerk OF
the Superior Court OF said County,
August 10th. 1921.