The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-01-26
NOTICE or INCORPORATION
or THE
10 WA STATE SAVINGS BANK.

IOWA STATE SAVINGS BANK.
WILLIAM S. M'GAvlc, WILLIAM LEIGHTON,
GEORGE d. sMYTH. ARTHUR BKIDGhAN,
DAVID ". MELBOURNE, EDWARD MELBOURNE,
CHARLES MASON, CARLTON b. PERRY,
JANIS r. cox, HUGH 7. REID.
ITAylNa associated themselves and such per-
II sons ~ may become subs cribers 10 the capital
stock of the company into al incorporated oon-
pAny.
The following notice of the organisation Of said
incorporation il mnde in pursuance Of Section 67S
In Chapter As Of the Code Of Iowa.
LIST, The name Of this Incorporation 10 the
IOWA STATE SAVINGS BANK. The principal
place of trans acting the business OF said Incorpo
ration will DO In the City Of Ksokuk, Leo County,
State OF Iowa.
"a The general nature OF the business to be
transacted by this Incorporation, 10 = general
bank ing, collecting and exchange business, and
10 transact the ordinary business of ssavisgS
Bank, = mot 10 issae any notes other evidences
OF debts for circulation ~ money, and receiving
deposits Of money and insesting the by loans
on real estate, OF other securities, and may pur-
chase and sell real state.
I'D The amount Of the o. pital stock authorised ia
47to 900, (bcing In shares Of 500 each) Ten per
Of the amount subscribed previous 10 the 18th
day Of February, 1859, 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
manner - the DisetoSs may prescribe and the
call upon stockholders for further attachments,
| from time to time, until the full amount Of stock
subscribed for shall BE- paid in, not 10 exceed ten
| per cent. (t10 per share( u any one time, and =
period Of not less than sixty days shall intervene
between the time u payment Of said several In
stAllments, and notice OF zach instalimsnt thus
called for shall be posted In the placs Of business
of said company for not less than thirty days im
| mediately preceding the day OF payment OF such
insta Ilmsnt, and . like notice shall be given In
come pa per published ia the city Of keokuk and
upon default OF any stakeholder TO make payment
as req uircd the amount Of such iment, with
interest at tbs rate Of ten per cent? may BE- rseov-
cred by suit brought la the name Of said company
against such defaaiting stock holder or 81 the OPP
ton Of the Board OF Directors, the stock on which
such instaiiment Or instalimsnts may be due and
unpaid, together with all paid up instAliments
thereon, shali BE- forfeited 10 the company.
4th. fhc articles oi incorporation wefe approved
! and adopted by the corporators the sth day ol
January, 1855, and said incorporA Ia ID continue
until the 7th day o. January, 1879, and may bere-
ncwed.
9Th The officers Of said corporation are Board
Of Director, consisting Of Eve stock holders which
number may be increased, by bylaws. 70 seven.
Said Board shsii elect one II their number Presi
dent, and may appoint such further ofheefs or ~
si.tants, from their number or otherwise, - msy
be found necessary expedient in carrying on tn.
| business Of said comTmny. The time Of holding
election is the second Monday in January annual
Il ly.
9th. The highest amount Of Indebtedness or la,
bility TO which the company corporation shall
have power TO subject itself, shal not exceed th.
sum Of tive hundred Thousand 900 ,000) dollars.
7ih. The private property IL the stock hoider
shall be exempt from tbs debts liabilities u ssit
com pany o. corpora ton.
DIRECTORS.
| VIZ. \. Mc0Avrc, GsanaE =. snYrn,
| cHAaL1s nn..ss, Jam. Z. Coz,
WA. i. McgAvIC,
Jan. II, 1850 -dAw ~ President.