The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-01-22
NOTICE or lNCORpOhATION
OF THE
IOWA STATE SAYINGS BANK.

WILLIAM 8. M'0Avic, WILLIAM LEIGHTON,
GEORGE n. skYTH, ARTHUR BkID0nAk,
DAVID W. MELBOURNE, EDWARD MELBOURNE,
CHARLES MASON, CARLTON II. PERRY,
JAMES =. COX, HUGH r. REID.
HAVING associated themselves and such per
i sons uay become subs eri bers TO the capital
stock Of tbs company into an incorporated com
pany.
The following notice Of the organization Of said
incorporation is made In pursuance Of Section 678
in Chapter ~ Of the Code Of Iowa.
LIST. Tbs name Of this Incorporation 10 the
IOWA STATE SAVINGS BANK. The principal
place Of trans acting the business Of said lncorpo-
ration will be In the City Of keokuk, Lee County,
State Of Iowa.
ii. The general nature Of the business To be
transacted by his Incorporation, In = general
hiking, collecting and exchange business, and
10 transact the ordinary kusiness Of \ "6svings
Bank, mot 10 issue any notes or ether evidences
Of debts for circulation ~ money! and receiving
deposits Of money aud investing the same by loans
real estate, or other securities, and may pur-
chase and sell real estate.
Sd. The amount Of the capital stock authorized Ia
81 ,000 lbeing in shares OF &i00 sach.) Ton per
cent Of the Subscribed preyious TO the 18th
day Of February, 1855, shall be paid In by or be-
fore the said 18th day Of February, 1859, and the
remaining stock may be subscribed for In such
m amer the Electors may pYescrib be and the
Board Of Directors shall have power thereafter to
call upon stock holders for further insa ailments,
from time TO time, until the full amount Of stock
subscribed for shall be paid I'M not TO exceed ten
per cont. t$lo per aharc) II any one time, and
period OF not less than sixty days shall intervene
between the time Of payment of said several in
stallments, and a 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
mediateiy preceding the day Of payment Of such
nstailment, and Hike notice shall be given In
SOME apcf published in the city Of Keoknk and
upon default Of any stockholder TO make pa nent
required, The amount Of such ins tai lment, with
interest at the rate Of ten per cent may be
cred by suit broagh tn the name If said company
against such defaaiting stock holder, or al the OPP
tion OF the Board OF Directors the stock which
such instsllment or inssaismsn,s may be due and
unpaid, together with all paid up iBstallm cnts
thereon, shsA be forfeited 70 the company.
4th. The articles Of incorporation approved
and adopted by the cerporsiors the Sth day of
January, 1853, and said por ation s continue
until the 7th day of January, 1879, and may bcre-
newed.
9th The officers of said corporation are . Board
of Directors, consisting Vt five stock holders which
number MAY be increased, by bylaws, 10 seven.)
Said board shall elect one VI their number presi.
dent, and may appoint sach further officers or g.
sistants, from their number or otherwise, may
be found necessary or expedsnt In carrying on the
business of said company. The time of holding
election is the second Monday in January annual
ly.
9th. The highess amount OF Indebtedness lia-
billy 10 which the company corporation shall
have power 10 subject Itself, shali exceed the
sum Of two hundred thousand 1900 ,000) dollars.
7th. The private property Of the stockholders
shall be exempt from the debts Liabilities VI ssid
cote any CT corporation.
DIkkCT0Kss
VIZ. y. McGAvic, GxoaGs d. sxrrn,
CHARLxs Mason, JAAxs II. Cox,
Dawn W. KlLsouRsE,
MN. Is. Mc8AvIC,
Jan. IL, 1859 -daw4w President.