The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-01-24
NOTICE or INCORPORATION
OF THE
IOWA STATE SAVINGS BANK.

WILLIAM 4. N'GAytC, WILLIAM LEIGHTON,
GEORGE n. sMYTH, ARTHUR BKID0hAN,
DAVID ". KiLBoURNE, EDWARD KILBouRNK,
CHARLES MASON, CARLTON II. PERRY,
JAMks r. COX, HUGH r. REID.
HAVING associated themselves and such per-
sons az may become subs or beers 10 the cspatAi
stock Of tbs company into an incorporated COM
p.PS ,o,,ov,. no,,,, ., n, or,,n,,,,,on ;, ala
incorporation in made in pursuance Of Section eTs
in Chapter 43 Of the Code II Iowa.
LIST. The name Of this Incorporation Ia the
IOWA STATE SAVINGS EANk. The principal
place Of usnsscting the business Of said Incorpo-
ration will be In the City OF Keokuk, Lee County,
State of Iowa.
~. The general nature Of the business to DO
transacted by This incorporation, Ia . general
bank ing, collecting and exchange business. and
TO transact the ordinary business OF = "savingn
Bank, - mot to issue any notes or other evidences
Of debts for circulation ss 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 esta1S.
Sd The amount Of the capital stock authorized Ia
81 80 600, tbeng 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, 1859, and the
rema Aing stock tnsy 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 installments,
from time to time, until the full amount Of stock
subscribed for shall be paid In, mot " exceed ten
per cent. (fl0 per sharel at any one time, and q
period OF not less than sixty days shall intervene
between the time Of payment Of said several In
stai lments and a notice OF each installment thus
eaed for shall be posted In the place of business
Of said company for not less than thirty days Inn
mediately preceding the day Of payment Of such
insta iiment, and like notice shall be given In
some paper published In the city Of keokuk and
upon default of any stookholder TO make pay m emit
required, the amount Of such installment, with
interest Al the rate Of ten per cent, may be recov-
cred by SUD broaght in the name Of said company
against such defaui,ng stock holder or, 1T the OPP
ton Of tho Board of Directors the stock on which
such instAllment or insiailmens may be due and
unpaid, together with NIL paid up installments
thereon, shall be forfeited 10 the company
sth. The articles OF incorporation we're approved
and ado pied by the carpofa,ora on the sth day Of
January, 1850, and said incorporation Ia 10 continue
until the 7th day Of January, 1879, and may bere-
newed. 11 So
9Th, The officers Of said corporation are Board
Of Directors consisting of Ave which
number may be increased, by by-l9ws, to seven
Said Board shall elect one of their number Prssi
dent, and may appoint such further officers or A.
| sistants, from their number or otherwise ~ may
business Of said company. The time vi holding
election 10 the second Monday In January annual
iy.
9Th. The highest amount Of Indebtedness or lis
biiiiy To which the company or corporation shall
have power to subject itself shal not exceed the
sum Of Ave hundred thousand 900 ,O00) dollars.
7th. The private property Of the stock holders
shall be exempt from the debts liabilities Of said
com Iany or corporation.
DIRECTORS:
VIZ. q. Mc6Avfc, GRoRaK B. RnYrs,
DAVID ". KiLsouRxg,
Jan. II, Is5S-dAv4w President.