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

To the Superior Court of Said Coun-
ty:
The petition of R. l.. Philips, Albert
Fendig and William Dunwody, all of
said State and County, respectfully
shows:
l. That petitioners desire for them |
selves, their associates, successors
and assigns, to be made a body cor
porate and polite under the laws of
Georgia under the name and style of
R. L. PHILIPS COMPANY, for term
of twenty years, with the privilege OF
renewal as provided by law.
2. That the principal office of said
corporation shall be in the City of
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 to
time to any amount or amounts not
Exceeding TWO Hundred Thousand
Dollars by majority vote of the cap
ital stock issued and outstanding at
the time action Is taken making such
increase, all shares TO be common
stock and to be Of par value of One
Hundred Dollars cash.
4. That the object of the corpora
ton is pecuniary gain to its stock
holders, and that the particular bust
ness of the corporation will be:
To engage in the real estate busl
ness, including the buying, selling and
renting of real property;
To buy, own, improve, sell, lease
and deal in lands and real property;
to acquire, hold, sell and deal in
stocks and bonds and Investment Sc
curities generally; to loan money and
take security therefor; to borrow mon |
ey and secure the payment Of same |
by conveyance mortgage or pledge i
of the assets Of the cooperation; to en-
dorse and guarantee notes, bonds,
mortgages and other evidences OF
debt in which the corporation may
have a pecuniary interest.
With the right to do any of the
above things either on its own account
Or as agent on.a brokerage or commits
SIGN basis.
To act as agent for brokerage or
for insurance companies,
or brokers, including
fire life, health, benefit, casualty, ac-
cident, marine, storm, indemnity, liza
bility. and all other forms and classes
IF insurance which may now or here
fter be issued. |,
5. That said corporation shall have
he right to receive in payment for its
,epital stock real or personal property
md good will at a reasonable and fair
faluation.
6. That the officers of said corpor-
.tion shall be president, vice presi-
lent, secretary and treasurer, and
UGH other officers as may be provided
or in the bylaws, or otherwise by the
tockholders or directors, and with
ho right for one person to hold twoI
r more such offices except that the
resident cannot, of course, hold the
flee of vice-presideht.
7. That they desire the right for
aid cooperation, acting by its stock
elders. to make bylaws, rules and
EQUATIONS for the government Of thej !
with authority to the
tockhplders to delegate such right
nd power to the directors,
s. That in addition to the powers
hove enumerated said corporation O
hall have the right to contract ana !
q contracted with to sue and be sued, !,
+, nIcad and be impleaded to have t
nd To use corporate seal, and also y
, have such rights, powers and privi- d
AgeS as are Sranteu W o'io SoeS
imilar corporations under the laws t
f said state. 8
8. That said corporation desires a
he right to liqudate its business, and e
, sell and dispose of its property and /
ssets fer that purpose and to be dis $
olved as corporation at any time 5
rior to the expiration Of its charter t
Y vote of two-tbirds of its capital q
toek,. igAssa a,1a sslffta94a sss' III YRS 5
me action may he taken tllefepn "a
BENNIgf, TWlTTYs& REESE, a
petitioners Attorneys.
Filed in office of Clerk OF Superior t
ourt OF Glynn County, Georgia, April p