The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-01-14
NOTICE or incorporation
or THE
IOWA STATE SAVINGS BANK

WILLIAM .. n'oAvIc, WILLIAM LEIGHTON,
0YOA0k y. skYrH, ARTHUR BKID0nAE,
DAVID v. KILAouRNr, EDWARD MELBOURNE,
cHARLKs MASON, CARLTON h. PERRY,
JAMES =. cox, nron r. Rid.
HAVING associated themselves and such per
l. sons as may become subs cribers to the capital
stock OF the company into an incorporated CON-
pany.
The following notice Of the organisation Of said
incorporation Ia made liz pursuance of Section CTS
in Chapter 4s Of the Code Of Iowa.
LIST. The name of this Incorporation is the
IOWA STATE SAVINGS BANK. The PRINCIPAL
place Of uansacting the business Of said ncorpo-
ration will be in the City OF Keokuk, Les County,
State of Iowa.
~. The general nature of the business 10 bs
transacted by this Incorporation, Ii . general
banking, collecting and exchange business, and
to trans.e. tho ordinary business Of . asavisgs
Bank, mot TO issue any notes or other evidences
Of debts for circulation AZ money! and recsiying
deposits Of money and investing the same by leans
on real estate, or other securities, and may pur-
chase and sell real estate.
3D.. The amount Of the capital stock authorised Ia
$3.50 900, theing In shares Of $l00 esch.l Ten per
cent the amount subscribed previous 70 the 18th
day Of February, 1889, shall be paid 10 by or be-
fore the said 9th day Of February, 1850, and the
remaining stock msy be subscribed for In such
manner - the Disctors may prssoribe and the
Board Of Direction shall have power thereafter to
call upon stockholders for further ins,ailmsnts,
from time 70 time, NATL the full amount Of stock
subscribed for shall b. paid In not TO exceed ten
per cent. t$i0 per shArel st any one time, and .
period Of not less than sixty days shall intervene
between tho time Of payment Of said ssvsfal In
atallments, and q notice Of each inatAllmsnt thus
called for shall be posted In ths place Of business
Of said company for not less than thirty days i'm
mediately preceding the day of payment Of sush
instA llment, and like notice shall be given In
some pa per Published in the city Of keokuk and
upon default Of any stoekh 10 make pay msnt
- 49, kn3 t..t IA
interest 1t the rate Of ten per cent, may be
cred by suit brought In the name oi said company
against such defAuting or, ~ the op-
ton Of the Board Of Directors the stock on which
such instaiimsnt or instslimeuts may be due and
unpaid, together with al paid up instailmcnts
thereon, shal b. forfeited to the company.
4th. The articles Of incorporation were approved
and adopted by the ccrporators on the sth day Of
January 1885, aud said incorporation II TO consnus
until the 7th day Of January, 1879, and may bore
newed.
5h The officers Of said corporation are = Board
Of Directors, consisting Of ave stockholders which
number may be increased, by bylaws, to seven.
Said Board shall elect ons u their number Prssi.
dent, and may appoint such further officers or as
sistants. from their number or othervise, rs msy
be found peoessary or exped,ent IN carrying the
businessof said company. The time Of holding
election 10 the second Monday In January annual
ly.
9th. The highest amount of indebtedness or LA.
bility to which the csmpsny or corporation shall
have power 10 subject ITSELF shall not exceed ths
sum OF FIVE hundred thousand too, 00o) dollars.
7th. The private property of the stcok holder,
shall be exempt from the debts liabilities u said
company or corporation
DIRECTORS:
WV. q. Mc3Avfc, GEORGE b. sEyrH,
CHARLES MASON, JAMS r. Cox,
Dawn W. K,lnouasE,
WM. s. McsAvIc,
Jan. II, Is3e.dAw4w President.