The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-02-21
NOTICE or INCORPORATION
or I'm
IOWA STATE SAVINGS BANK,

WILLIAM .. H'oAvrc, WILLIAM LEI0HroH,
QnoRoH p. sHYTH, ARTHUR BRIDOnAN,
DAVID ". KHB0URNI, EDWARD KIL1oURNn,
cHAlIEs MASON, CARLTON n. PERRY,
JANIs y. COZ, HUGH Z. REID.
HAVING associated themselves and such per
= sons ~ may become subs cribers to the capatal
stock Of ths company into m incorporated con-
pany.
The following notice Of the organization Of said
incorporation Is made In pursuance OF Section 678
in Chapter 43 of the Code Of Iowa.
LIST. The name Of this Incorporation ID the
IOWA STATE SAVINGS BANK. The principal
place Of trAnsacting the busine Of said Incorpo
ration will be in the City OF Keokuk, Lee County,
State Of Iowa.
"a. The general nature Of tho business to b
transacted BY this Incorporation, Is : general
banking, collecting aud exchange business, and
70 transact the ordinary business Of stSavings
Bank, mot to Issue any notes or other evidences
deposits Of money and investing the same by loan
on real estate or other securities, and may pur-
chase and sell real estate.
Sd. The amount Of the capital stock authorised is
$3.50 900, tbeing in shares Of 500 each.1 Ten per
cent Of the amount subscribed previous 10 the 18th
day Of February, 1859, shall be paid In by or be-
fore the said 9th day Of February, 1850, and the
remaining stock may be subscribed for in such
manner - the Dectors may prescribe and the
Board of Directors shall have power thereafter 10
call upon stockholders for further installments.
from time to time, until the full amount Of stock
subscribed for shall be paid in not 10 exceed ten
per cent. ($l0 per share) 1t any time, and
period Of not less than sixty days shall intervene
between the time 81 payment Of said several in
staliments, 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
somc paper Published in the city Of Keokuk and
upon default Of any stock holder to make payment
- required, the amount Of such installment, with
interest At the rate Of ten per cent, may be
cred BY suit brought In the name Of said company
against such defauting stockholdcr or, ct the OPP
tion of the Board Of Directors the stock on which
such installment or instailments may be due and
unpaid, together with al paid up installmcnts
thereon, shall b forfeited TO the company.
4th. The articles Of incorporation were approved
and adopted by the ccrporators on the 9Th day of
January, 1885, and said incorporation continue
until the It'll day Of January, 1879. and may bere-
newed.
9Th. The officers Of said corporation are Board
Of Directors consisting of FIVE kholders (which
number may be increased, by bylaws, to seven.)
Said Board shall elect one Of their number Presi-
dent, and may appoint such further officers or
sistants, from their number or otherwise, ~ may
be found necessary or 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 la
bility to which the company or corporation shall
have power to subject itself, shail not exceed the
sum Of five hundred thousand 800 ,000) dollars.
7th. Tho private property Of the stockholders
shall be exempt from the debts liabilities Of said
company or corpora tion.
DIRECTORS:
caAnlr. MASON. JADss r. :, Cor.
DAVID " KILSoURxE,
WIN. S. McGAvIC,
Jan. IL, ls5sdkw4w President.