Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1858-03-31
WEEKLY BIJGLE.
"WEDNESDAY, MARCH, 81 1883.
ACT
10 Incorporate fhe state Aank h
mRNmGwn ~ s

10 EmcoKp0ra1e fhe state Bank
8fHOSga.
SIC. I. Be it enacted by the General
Assembly af tha State OF Iowa. That the
Stasa Bank 0f Iowa be and the same ID
hereby incorporated with all the powers
hereinafter granted, and By that naEas
shalt Be capable Of contracting and be-
ing contracted with, and Of prosecuting
and defending actions rs fully 40 nat
ural persons, and Of doing sii other acts
necessary to effect the objects contem-
plated in this act by the creation Of said
corporation
Sxc. 2. That as soon as Eve or more
branches Of the State Bank Of Iowa SHALL
be organized as in this act is authorized,
the directors Of the said State Bank Of
Iowa, appointed by such branches, shall
meetin Iowa CityA At such time as shall
be designated by she board Of Bank Com
missioasrs, who shall give ten days pre-
vious notice TO each hrapeh, Of the time
of such meeting, and provided twot thirds
of the whole number az sach Direstors
shall be convened, thay shall organize by
taking an oath, diligentiY, faithfully,
and impartiaLly 10 peFf0rm the duties
imposed upon them By this act, eertif-
icate Of which oath, signed BY each Di-
rector, shall BE fled and preserved In
the ofice Of the Secretary Of State, and
by eIecting some one Of their number as
President, who shall preside at the meet
ings of the Board and sign its afheEal
documents and thereafter she directory
of the State Bank shall be composed OF
one Director appointed BY each branch
of said Bank. two thirds Of whom shall
be q Quorum and other branches may
be organised nndar such Directory as Is
hsrein provided.
3. The Directors shall, when they
DEAN it necessary, elect Vice PresI-
dent. whose duty shall be prescribed by
the laws. They shall appoint Secreta-
~. who shall keep fair and true record
OF the proceedings OF the Bank. They
shall Keep an office in Iowa Citya which,
together with their books papers, rec
oYds. and accounts Of every description.
shall at all times be open 10 the inspec-
ton Of any committee Of the General
Assembly, or any branch thereof, and of
auy commissioner or commissioners spe-
eiaily appointed for that purpose oy the
General Assembly, or either branch
thereof, or By the Governor OF the state.
They shall procure and furnish each
braaeh with notes for circulation, and
deoide on the amount to be fuTuished
from time to time TO each, within the
limits and a2reeably to the rules and re-
strictioas prescribed by this act. Trey
may urgscribe Ellles for the settlements
OF balances between branches, revise
their bylaws aad regulations conceTn-
iDr charges for making collections, and
cause both 10 be made uniform, or as
nearly so Us may be eXpedient. They
shall have power BY themselves, or by a
committee Of one or more members OF
their own body, or By special agent APP
uointel by them for thai parpose, when
ever, and as often as they shall think
proper. TO visit any branch, inspect Iss
backs, records and accounts, and GIL tne
evidences Of debt due TO and securities
held by such branch, examine aud asc6F-
tain the amount Of money and other pro
pertg held By such branch examine on
oath the President, Vice President, and
Directors, and Cashier, and Fll other Of
fcayF, agents, clerks or servants OF the
branch, touching its condition, means
and liabilities, they shall have power 70
require any branch to reduce lis eireuIa-
tion or othex liabilities within such lina-
;ts they shall, after full enquiry into Its
coadition, deem necessary TO secure from
ioss eisher the dealers with such branch,
or the other branches Of the State Bank
of Iowa, They shall, as soon after the
frst Monday Of every month as practices
bla. publish in some newspaper printed
a. fav-a Citr. consolidated abstract OF
the monthly reports OF ail tne branches,
showing their assets, Liabilities anu con-
dItion, which stateasRts shall Dc re-
corded in book or books to be kept for
that purpose. They may appoint an ex-
eeutiya COMMITTEES of not less than thEses
AZ whom The Vice President shall be oHss
"a act in behalf Of the Bank in all such
cases as shall be prescribed BY the by
laws Of said Bank, not lDeonslstent WITH
this act.
"a. The President, Vice President,
Secretary, and all other gfaeeSs or agents
of thg Bank shall each receive sush CON-
psusatlon for their services as said HANK
shall allow, which shall DO assessed up
on the several branches of the State Bank
Of Iowa, in ths ratio OF their capital
stock. The Bank may also allow the
executive committee such compensation
as NAV deem just and reasonable, "a
he maid bE the several branches In the
aa.ne manner and the expenses Of pro-
amri,sg plates aad printing notes Of eiE:
cnlatiGn shall be paid by The s0vefai
hranrbes in the ratio Of the Rotes Of cir.
enIation &c ceived by each. ----
as. Each director OF the Bank, ap'
,o;ntad bv the branches khall eontinul
+ ol;es ansil the Erst Monday in Febru,
arv NEXT after bis appointment, and M
hl his successor SHAH ks appointed ans
qualified, vacancies in ths Board shall
be ffled By the branch By Eyhlas Ehs ap'
x,ofnfuegs vacated was made. In vS&ing
each member shall De entitled TO tw'
yotes. aud 10 enc additioaal vote for ey
ery kftY thousand dollars of thA amvun
al capisaI stock paid into eha hranei
represented by him Greg esq AasaFs4
tthousand dollars Al the tine Of sueh re
Aink. The President and Yise Presidsn
of The Bank shall hold their ofRees 10
enc year, and until their successors aT
apuofnked, bat they may be removed 2.
aresolation Of the Board. They and 81
other ofEeers and agents of the Ban
shall take an oath faiEhfaIly, diIigentl
and irnparsiaTIy TO fnialI sAs dusass .
their appointments, aaa nes knowiEgt
vioIate any Of ahe provisions sf TITS SO
They shall be- required 70 give Bond ]
sueh sum and with sueh securities - @
Bank shall prescribe, and I'll yaesEieas
IN said appointments shall be aIiod .
tke Bank. ~
20. AL notes dsslgnsa fog cirsalasis
by tic branches, shall be gnxnished ?
she sssss Bank ok lows, bus 10 msas
ssasmaa 6s dsliTssad b anv hRanah maa
ahsy ere numhsssa and aOmnssssig igzaea !