The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-02-18
NOTICE OF INCORPORATION
or ruY
IOWA STATE SAVINGS BANK.

WILLIAM 8. n'1AvIc, WILLIAM LxroHroN.
0EOR0K b. snYTH, ARTHUR 1AlDGnAH,
DAVID ". MELBOURNE, EDWARD KILDoURNI,
CHARLEs MASON, CARLTON n. P1RxY,
JAnEs =. COZ, HU0H :. REID.
Ii soAs ~ may become subs cribers TO the capital
stock Of the company Into m incorporated con-
pAny.
The following notice Of the organisation Of said
incorporation - made in pursuance Of Section 67s
in Chapter As OF the Code Of Iowa.
LIST. The name vi this Incorporation ID the
IOWA STATE SAVINGS BANK. The PRINCIPAL
place Of trAnsacting the bus Of said lncorpo-
ration will be in the City Of keokuk, Lee County.
State Of Iowa.
"a. The general nature Of the buainess to be
transactsd by this incorporation, il general
| bank ing, collecting and exchange business, and
70 transact the ordinary husiness Of Savings
Bank, mot to Issue any notes or other evidences
OF debts for circulation ~ money, and receiving
deposits Of money and investing the same by loans
on real estate, or other securities and may pur-
chase and sell real estate.
I'D. The amount Of the capital stock authorized IL
900, lbeing in shares Of $500 each) Ten per
cent Of the amount subscribed previous TO the 9Th
day Of February, 1859, shall Be paid in BY or be-
fore the sAid 18th day Of February, 1889, and the
remAiAing stock may be subscribed for in such
manner - the Diectors may prescribe and the
Board Of Directors shall have power thereafter to
| call upon stockholders for further instaliments
/ from time TO time, until the full amount Of stock
subscribed for shall be paid in not to exceed ten
per cent. (&lO per share) at any one time and
period Of not less than sixty days shall intervene
between the time Of payment Of said several in
stallments, and notice Of each installmens thus
called for shall be posted in the place Of business
Of said company for not less than thirty days i'm
msdiately preceding the day of payment Of such
insta llmsnt, and like notice shall be given in
some paper published In the city Of Keokuk ; and
upon default Of any stakeholder to make payment
/ ~ required, the amount Of such instailmcnt, with
interest ut the rate Of ten per cent may be recoy-
ersd by suit brought in the name Of said company
against such defauting stock holder or at the OPP
tion Of the Board Of directors. the stock on which
such installmcnt or instalments may be due and
unpaid, together with all paid up instalimenis
| thereon, shall be forfeited to the company.
4th. The articles Of incor poration were approved
and adopted by the corporasors on the sth day of
January, 1879 and said incorporation to continue
until the It'll day Of January, 1879. and may bere-
| newed.
5th. The officers Of said corporation arc Board
of Directors consisting Of Ave stock (which
number may DO Increased, by by-iaws, to seven.
Said Board shall elect Of their number Presi-
dent, and may appoint such further officers or as
/ sisiants, from their number otherwise, as N NY
be found necessary expedient in carrying ON the
business OF said company. The time OF holding
election 10 the second Monday In January annual
| 9Th. The highest amount Of indebtedness or liza
bility to which the company or corpora. zion shall
have power to subject itself shall not exceed tho
sum Of 1--WE hundred thousand $500 ,O00) dollars.
9TH. The private property Of the tcokholders
shall be exempt from the debts or liabilities If said
company Or corpora ton.
| VIZ. $. ModAylc, GEonar B. sxrrH,
/ CHARLES MASON, JAMES r. Cox,
| Dawn W. KLSousAE,
WM. S. McGAvIC,
| Jan. IL, lS5o-dAw 4w President.