The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-02-14
NOTICE OF INCORPORATION
or TEE
IOWA STATE SAVINGS BANK,

WILLIAM 3. NOAvIC, WILLIAM LEIGHTON.
GEORGE b. skYTH, ARTHUR BRIDGHAN,
DAVID ". KILBoURNE, EDWARD KILBoURNK,
CHARLEs MASON, CARLTON II. PERRY,
JANIS +. cox, HUGH r. REID.
HAVING associated themselves and such per-
Il SOFAS az may become subs cribers to the apital
stock Of the company into an incorporated COM
pany.
The following notice Of the organisation Of said
incor ton is made in pursuance of Section 67e
In Chapter 43 of the Code OF Iowa.
1st The name Of this Incorporation is the
IOWA STATE SAVINGS BANK. The principal
place Of acting the business of said Incorpo-
ration will be in the City OF Keokuk, Lee County,
State OF Iowa.
"a. The general nature of the business to be
transacted by this incorporation, is . general
ban king, collecting and exchange business, and
to transact the ordinary business of "Savings
Bank }" mot to Issue any notes other evidences
Of debts for circulation NJ money! and recsivin
deposits Of money and investing the same by loans
on real estate, or other securities, and may pur-
chase and sell real estate.
Sd The amount Of the capital stock authorised ia
81 SO O00 tbeing in shares Of 500 each.) Ton per
cent of the amount subscribed previous TO the 18th
day Of February, 1889, shall be paid in by or be-
rem aning stock may be subscribed for in such
manner Is the Diectors may prescribe and the
Board of Directors shall have power thereafter to
call upon stockholders for further installnents,
from time to time, until the full amount Of stock
absorbed for shal be paid In not to exceed ten
per cent. $50 per share) at any one time, and q
period Of not less than sixty days shall intervene
between the time OF payment Of said several i'm
stallments, and notice Of each installment thus
called for shall be posted In the place OF business
Of said company for not less than thirty days i'm
mediately preceding the day of payment Of such
insta llment, and like notice shall be given in
some paper published in the city Of Keokuk ; and
upon default Of any stockholder to make payment
as required, the amount OF such installment, with
interest at the rate Of ten per cent may be recoy-
cred by suit brought in the name Of said company
against such defaulting stock holder or at the OBJ
ton OF the Board OF Directors, the stock on which
such installmcnt or instailments may be due and
unpaid, together with all paid up installmenty
thereon, shall be forfeited to the company
4th. The articles OF incorporation were approved
and adopted by the corporators on the sth day of
January $50, and said incorporation il to continue
until the 7,h day Of January, 1879, and may bere-
newed.
5th. The officers of said corporation are Board
Of Directors, consisting Of FIVE stockholders (Which
number may be increased, by bylaws, to seven
Said Board shall elect Of their number Presi-
dent, and may appoint such further officers AS
sistants, from their number or otherwise, as may
be found necessary expedient in carrying ON the
business of said company. The time Of holding
election is the second Monday in January annual
ly.
9th. The highest amount of Indebtedness or lia-
bility to which the company or corporation shall
have power to subject itself, shall not exceed the
sum OF five hundred thousand (5O0, 00O) dollars.
7th. The private property of the stock holders
shall be exempt from tho debts liabilities Of said
com pany or corporation.
DIRECTORS:
VIZ. S. McGAvIc, GEORGE B. sAyrH,
DAVID W. KILsoURsE,
WM. s. McGAvIC,
Jan. IL, I859-dAw 4w President