The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-03-16

lUWA STATE SAVINGS BANk.
wrrrlAn s. x'cAvrc, wILLrAx IxfcHTaN,
GEORGE n. SMITH, ARTHUR aADofAx,
DAVID W. kILBoURsE, EDWARD KIIsouRNE,
unAslxs MASON, CARLTON aARn1RY,s
JANIS r. COX, HUGH I. REID.
HAVING associated themselves and such per
Ii sons m nIsy become subs crbers to the "a ptai
stock Of tbs company into An incorporated carn-
pany.
The following notice of tho organization Of said
incorporation is made in pursuance of Section 67S
in Chapter AZ Of the Code Of Iowa.
lst The name Of this Incorporation is the
IOWA STATE SAVINGS BANK. The principal
place Of acting the bust Of said Incorpo-
ration will be in the City of Keckuk, Lee County,
State of Iowa.
81. The general nature Of the business to be
transacted by this Incorporation, is general
banking, collecting and exchange business, and
TO transact the ordinary susine ss Of a Savings
Bank" mot to issue any notes or other evidences
of debts for circulation as 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.
Sd. The amount of the capital stock authorized IL
$3.50 900, tbeing in shares Of $ie0 each.1 Ten per
cent OF the amount subscribed previous to the 18th
day of February, 1859, shall be paid IN by or be-
fore the said 9Th day of February, 1889, and the
remaining stock may be subscribed for in such
manner a. the Diectors may prescribe and the
Board OF Directors shall have power thereafter 10
call upon stock holders 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. $50 per share) at any one time, and a
period of not less than sixty days shall intervene
between the time Of payment Of said several in
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 inn
media'ely 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 stakeholder to make pay men,
rs required, the amount Of such inst&ilment, with
interest at the rate Of ten per cent, may be recov
cred by suit brought in the name Of said company
against such defauIting stock or at the OPP
tion of the Board OF Directors, the stock on whirt
such instailment or installmcnts may be due anc
unpaid, together with all paid up installmenti
thereon, shall be forfeited to the company.
4;h. The articles Of incorporation were Approve<
and adopted by the corporators on the Sth day o.
January, 1850, and said incorporation is to contnu
until the 7th day Of January, 1879, and may be re
newed.
5th. The officers Of said corporation are Boar
of Directors consisting Of five stockholders (whic
number may be increased, by by-laws, TO seven.
Said Board shall elect one Of their number Presi
dent, and may appoint such further officers or ~
sistAnts. from their number otherwise, as ma
be found necessary or expedent in carrying on tn
business of said company. The time Of holdin
election is the second Monday in January annual
Iy.
9th. The highest amount of indebtedness or liz
bility to which the company or corporation shall
have power to subject itself, shall not exceed tn
sum of FIVE hundred thousand (500 ,000) dollars.
9TH. The private property Of the stcokhoider
shall be exempt from the debts or liabilities of sal
company or corpora ton.
DIRECTORS:
WV. S. McdAvIc, GEORGE b. sxYrH,
CHARLES MASON JAMES r. Cox
DAVID w. KILBouRNE,
VIM. IS. Mcs}AVIC,
Jan. II 1859 -dkw4w President.