The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-02-12
NOTICE OF incorporation
or TIE
IOWA STATE SAVINGS BANK.

WILLIAM s. n'GAvIC, wILLIAH LEIGHTON,
0EORGE b. sNYTH, ARTHUR BRTDGHAN,
DAVID v. KILBoURNE, EDWARD KILBouRNE,
CHARLES MASON, CARLTON h. PERRY,
JAMES r. cox, HUGH T. REID.
TTAVING associ ated themselves and such per-
J. sons as may become subs cribers 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 CTS
in Chapter 43 Of the Code Of Iowa.
lst. The name of this Incorporation is the
IOWA STATE SAVINGS BANK. The principal
place of trAnsacting the bust OF said lnoorpo
ration will be in the City of Keokuk, Lee County,
State of Iowa.
"a. The general nature of the business to be
transacted by this incorporation, is ! general
hiking, collecting and exchange business, and
to transact the ordinary business Of Savings
Bank (not 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
81 900, (being in shares Of $500 each.) 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, 1859, and the
remaining stock may be subscribed for in such
manner rs tho Electors may prescribe and the
Board Of Directors shall have power thereafter to
call upon stock holders for further installments,
from time to time, until the full amount Of stock
subscribed for shall be paid in, not to exceed ten
period Of not less than sixty days shall intervene
between the time Of payment OF said several in
stall lments and q 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
mediately preceding the day Of payment Of such
installment, and like notice shall be given in
some pa per published in the city Of Keokuk and
upon default of any stockholder to make pay ment
as required, the amount Of such inStallment. with
interest at the rate OF ten per cent? may DO reoov-
cred by suit brought in the name Of said company
against such defauitng stakeholder, or At the op-
ton Of the Beardof Directors. the stock on which
such ipstalment or installments may be due and
unpaid, together with all paid up installments
thereon, shall be forfeited to the company
4th. The articles Of incorporation were approved
and adopted by the corporators on the 8th day of
January 1882 and said incorporation is to continue
until the 7th day Of January, 1872 and may be re-
newed.
9th. The oficcrs Of said corporation are Board
Of Directors, consisting Of five stockholders which
number may be increased, by bylaws, to seven.)
Said lizard shall elelt one Of their number Presi-
dent, and mSy Aprolht such further officers or as
sistants, from their number or otherwise, as may
be found necessary expcdient in carrying on the
business of sasd company. The time of holding
election is the second Monday in January annual
ly.
9th. The highest amount Of Indebtedness or lia-
bility to which the company or corporation shall
have power to subject itself, shall not exceed the
sum Of FIVE hundred thousand 600 Joe0) dollars.
18th. The private property Of the stockholders
shall be exempt from the debts liabilities of said
company or corpora ton.
DIRECTORS:
WV. S. McGAvIc, GKoRaE B. snYrH,
CHARLES MASON, jams +. Cox.
DAVID w. KtLDoURxK,
WIN. S. McGAvIC,
Jan. IL, 1s5s-ddw4w President.