The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-02-15
NOTICE Of INCORPORATION. 49,.
or THE
IOWA STATE SAVINGS BANK

IOWA STATE SAVINGS BANK.
WILLIAM 3. M'oAvrc, WILLIAM LxIGHroN,
GEORGE b. sNYTH, ARTHUR BRID0HAN,
DAVID ". KILBoURNE, EDWARD KILBoURNE,
CHARLES MASON, CARLTON h. PERRY,
JANIS r. cox, HUGH T. REID.
"AylNG associated themselves and such per-
i CONS az may become subs crbers TO the capital
stock of the company into an Incorporated COM
pany.
incorporation is made in pursuance of Section CTS
in Chapter AZ Of the Code Of Iowa.
lst The name of this incorporation is the
IOWA STATE SAVINGS BANK. The principal
place Of trans acting the business of said Incorpo
ration will be in the City OK keokuk, Lee County,
State of Iowa.
"a. The general nature OF the business to be
transacted by this incorporation, is a general
ban k 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 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 estate.
Sd. The amount Of the capital stock authorized ia
$3.50 900, (being in shares of $le0 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 as the Uiectors may prescribe and the
Board Of Directors shall have power thereafter to
call upon stock holders for further install linen
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) at any one time, and q
period of not less than sixty days shall intervene
between the time Of payment of said several in
stal ments, 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
rnediately preceding the day of payment of such
insta llment, and like notice shall be given in
come pal per published in the city Of Keokuk and
upon default Of any stockholder to make payment
as required, the amount OF such installment, with
interest at the rate Of ten per cent may be recoy-
cred by suit brought in the name of said company
against such defauting stakeholder or, at the op-
ton of the Board of Directors the stock on which
such instal | mont 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 the sth day of
January 1855 and said incorporation is to continue
until the 7th day Of January, 1879, and may 5ere-
newed.
5th. The officers of said corporation are Board
IL Directors consisting of five stockholders, (which
nu IN Der may be increased, by bylaws, to seyen.l
Said Board shall elect one of their number presi-
dent, and may appoint such further officers as
sistants from their number or otherwise, as may
be found necessary or expedient in carrying the
business Of sad company. The time Of holding
election is the second Monday in January annual.
y.
9th. The highest amount of Indebtedness or liza
bility to which the company corporation shall
have power to subject itself shall not exceed the
sum of FIVE hundred thousand (500, 000) dollars.
7th. The private property Of the stockholders
shall be exempt from the debts liabilities of said
com pany or corporation.
DIRECTORS:
WA. S. McGAvIc, GEORGE B. sNYrH,
CHARLES MASON, JANIS i. Cox,
DAVID W. KILsouRSE,
VIM. S. MCGAVIC,
Jan. LII, lS50-d2w4w President.