The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-02-19
NOTICE or INCORPORATION
or I'm
IOWA STATE SAVINGS BANK,

~ W "A Nj "A II nA lNUD DAMN.
WILLIAM 3. M'oAvIc, wrLLYAn LRI0nfoN,
0EoR0E p. snYrH, ARTHUR D1IDonAE,
DAVID n. KILBoURNE, EDWARD KILDouRN1,
oHARLxs xAsoN, CARLTON n. PIRRY,
JANIS =. COZ, HUGH :. k1ID.
HAVING associated themselves and such per-
II sons ~ may become subs eribers TO the capital
stock Of the company into m incorporated con
pAny.
The following notice Of the organisation Of said
corporation is made in pursuance Of Section 678
in Chapter 43 of the Code OF Iowa.
LIST. The name Of this Incorporation 10 the
IOWA STATE SAVINGS BANK. The principal
place Of transacting the business Of said Inoorpo-
ration will DO in the City Of Ksokuk, Lee County,
State Of Iowa.
Al. The general nature Of the business to b.
transacted by this Incorporation, 10 = general
bank ing, collecting and exchange business, and
TO transact the ordinary business Of "Saviags
Bank, mot to Issue any notes or other evidences
OF debts for circulation rs money, and recsiving
deposits Of money and investing the same by loans
on real estate, or other securities and may pur-
chase and sell real estate.
3d. The amount Of the capital stock authorised In
81 600, (being in shares of 500 each Ten per
Of the amount subscribed previous to the 18th
day OF February, 1859, shall be paid in by or be-
fore the said 18th day of February, 1889, and the
| remaining stock may be subscribed for in such
manner ~ the Diectors may prescribe and the
Board Of Directors shall have power thereafter TO
l call upon knolOert TOT IuTt0eT lnetAlmentS,
| 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) ut any 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 installment thus
called for shall be posted In the place Of business
Of said company for not less than thirty days Inn
mediatcly preceding the day OF payment OF such
| insta llment, and like notice shall DO given in
some paper published in the city OF keoknk and
/ r,,oc .laf~uIt ~ stoek holder make Dayment
| as required the amount of such instAilment, with
interest Mt the rate Of ten per cent, may be recov
cred by suit brought in tho name OF said company
against such defaultng or, At the OPP
ton Of the Board Of Directors the stock on which
| such installment or installments may be due and
| unpaid, together with all paid up installmcnts
| thereon, shall be forfeited to the company.
4th. The articles Of incorporation we're approved
and adopted by the corporators on ths sth day OF
January 1850 and said ncorpora Is to continue
until the 7th day Of January, 1879, and may bere
newed.
5th. The officers Of said corporation Board
OF Directors consisting of ave (which
| number may be increased by bylaws, TO seven.)
Said Board shall elect Of their number Presi-
dent, and may appoint such further officers or as
| sistants from their number otherwise, as may
be found necessary expedient in carrying on the
business of said company. The time OF holding
election is the second Monday In January annual
ly.
9th. The highest amount of Indebtedness or la.
bility to which the company or corporation shall
have power to subject itself, shall not exceed the
| sum Of five hundred thousand tSeO, 0OO) dollars.
7th. The private property Of the stockholders
shall be exempt from the debts liza bities Of said
| company or corporation.
DIRECTORS:
WV. s. McGAvIc, GKoRaE B. snYrn,
| CHARLES MASON, JAmEs +. Cox,
DAVID W. KiLsouRsE,
| Jan. II, 1s59-dAw4 w President