The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-03-05
NOTICE OF INCONPORATION
or THR
IOWA STATE SAVINGS BANK.


WILLIAM s. x'oAvic, WILLIAM LxIoHfox,
GRoRGE b. sHYTH, ARTHUR B1ID0MAN,
DAVID ". KILBoURNK, EDWARD KILDOURu1,
CHARLES nAsos, CARLTON n. Y1nmY,
JANIS =. cox, HUGH r. REID.
HAVING associated themselves and Sneh par
IL sons rs may become subs cribers N t1eeapatal
stock Of the company into m incarpi1td r. Sonr
pany.
The following notice Of the organis1lj1a a -
Incorporation 10 made in pursuan0o ~ 1oo4teo41o
In Chapter 43 Of the Code VI lows.
lst. The name Of this Incorno9n1len ~ ~
IOWA STATE SAVINGS BANKs Ihe 1EjnsipaI
place Of trans acting the bust "a eal4 Inoorpo-
ration viii b in the City Of KsokaAs - osanlgy
~. The general nature Of the hmntnoog - =
transacted by this incorporation, II eoaofAl
bank Ing, collecting and exchange buln1A aad
TO transact the ordinary business OF san6y6nm
Bank, mot to issue any notes or other evidsneoo
OF debts for circulation ~ money! and receiving
deposits ofmoney 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 II
$3.50 900, tbeing in shares Of 500 each) Ten per
cont. Of the amount subscribed previous 10 the 18th
day Of February, 1859, shall be paid In by or be-
fore the said 9Th day Of February, 1859, and the
remaining stock may be subscribed for in such
manner - the Electors may prescribe and IL
Board Of Directors shall have power thereafter 70
call upon stock for further instailments,
subscribed for shall be paid in not to exceed ten
per cent. (&l0 per share) ut any one time, and
period Of not less than sixty days shall intervene
between the time sf payment Of said several in
stAllments, and notice OF each installment thus
called for shall be posted In the place OF busipsss
Of said company for not less than thirty days inn
mediAtely preceding the day Of payment OF such
insta llment, and . like notice shall be given in
some pa per published in the city of Keokuk and
upon default OF any stakeholder to make payment
as required, the amount Of such installment, with
interest at the rate Of ten per cent, may be rcoov-
cred by suit brought In the name Of said company
against such defsulting stock holder or at the OBJ
ton Of the Boardof Directors. the stock On which
each instailment or installments may be due and
unpaid, together with Gil paid up installmsnts /
thereon, shall be forfeited TO the company.
4th. The articles Of incor poration were approved
and adoptsd ny thu acrporasors IN the 8tA day OF
January, 1867 and said il to continue
until the 7th day Of January, 1879, and may berc-
newed.
5th. The officers Of said corporation are |. Board
Of Directors, consisting Of ave stock which
number may be increased, by bylaws, to seycn.l
Said Board shall elect one Of their number Presi-
dent, and may appoint such further officers or ~
sistants, from their number otherwise, ~ may
be found necessary or expedent in carrying On the
business Of said company. The time Of holding
election IL the second Monday in January annual
ly.
9th. The highest amount Of Indebtedness or Iia-
bility to which the company or corporation shall
have power TO subject iteelf shall not ex<eed the
sum ot 6ve hundred thousand (5Oa, 0O01 dollars.
7th. The private property Of the stockholders
shall be exempt from the debts liabilities az said
com pAny Or corporal ion.
DIRECTORS;
WI s. McGAvIc, 0Eosas B. EnYrn,
CHARLES MASON, Jams n. Cox,
DAVID W. KnLouRKx,
WIN. s. McGAyIC.
Jan. IL, IS5e-dAw4w President