The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-08-11
PETITION FOR CHARTER.

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The petition of Albert .Fendig and
Joseph w. Bennett, of Glynn county, |
Georgia, and of A. i. Kreiss, of Jack
sonville, Florida, respectfully shows
/. That petitioners desire for them
selves, their associates, successors
and assigns. to be- made body cor
porate and polite under the laws OF
Georgia, under the name and style
of SOUTHERN POTASSIUM PHOS-
PLATE COMPANY for a period of
twenty years, with the privilege of re-
newals as provided by law.
Q. That the principal Office and
place of business Of said corporation
shall be in the city OF Brunswick,
Glynn County, Georgia, with the right
to establish branch offices and agen-
cies elsewhere in. said state, and in
other states and territories of the
United States and in foreign coun-
tries.
8. That the capital stock of said
corporation shall be Fifteen Thou
sand Dollars with. the right to in
crease the same from time to time up
to but not exceeding Five Hundred
Thousand Dollars by majority vote
of the stock issued and outstanding
at the time; all shares to be of the
par value of One Hundred Dollars
each. That said corporation may
have the right after increasing its
capital stock to reduce the same from
time to time by two-thirds vote of the
stock issued and outstanding at the
time to any amount or amounts
down to but not less than the original
minimum authorized capital stock OF
Fifteen Thousand dollars, and in con-
neetion 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
not exceeding ssid maximum capital
OF 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 and 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;
th own and conduct chemical and re-
search laboratories; to own. lease and
operate phosphate mines or other
mines containing ingredients for fer.
tilizers or fertilizer by-products and
other chemicals: to acquire, own and
improve real estate; and TO acquire
and own all property, real and person
al incident to its business; 30 own,
lease and operate tram roads in con
neetion 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 pecuniary interest; to sell.
rent. lease. or otherwise dispose Of
any OF It's property, real or personal.
5. That said Corporation shall have
the right to receive in payment for its
capital stock, real or personal prop.
ery at reasonable and fair valua.
ton.
6. That the officers Of said Corpora
ton shall BE- a president. vice.presi.
dent. secretary and treasurer. ard
such other officers as may be pro
vided for In the bylaws. -r otherwise
by the stockholders or directors, and
with the right for one person to hold
two or more such oifioes.
Z. That said corporation. acting by
its stockholders may make and adept
and change bylaws, rules and regula.
tions for the government of the ccr-
poration. with authority to the stock.
holders to delesate such right and
power to the Beard OF Directors
s. That In addition to the powers
s9sSsa emuneratedg sid corporation
may have the right to contract and he |
contracted with.~ta sue and be sued
t nlead and he aRpleaded. to have
emo to use ccrperste seal. ana also
tVhaye such rights, powers and PRIV
ileges as are granted 20 and vested
IN similar eorpefations under the
laws OF said siat&b
.. That sid corporation desires 6lae
right 10 liqGldate its business. and 20
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