The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1859-02-16
NOTICE or INCORPORATION
or ruu
IOWA STATE SAVINGS BANK

WILLIAM .. x'oAvIc, WILLIAM Lsranrox,s
GBOR0I y. SMITH, ARTHUR BxIp0nAH,
DAVID v. KIBoURNx, EDWARD KILsouRHE,
CHARLEs nAsoE, CARLTON 4. rI1RY,
JAnKs Y. COX, HUGH r. Rid.
HAVING associated themselves and such per-
IL sons ~ may become subs eribers 10 the capital
stock Of the company into IN incorporated con-
pany.
The following notice Of the organisation Of said
incorporation is made ia pursuance Of Section e7S
in Chapter 43 Of the Code Of Iowa
lat. The name Of this Incorporation Ia the
IOWA STATE SAVINGS BANK. The principal
place Of transacting the business Of said Incorpo-
ration will DO in the City OF Keokuk, Lee County,
State of Iowa.
Ri. The general nature OF the business to be
transacted by this Incorporation, ia 4 general
ban ing, collecting aud exchange business. and
TO transact the ordinary business of = "Savings
Bank, = tnot to issue any notes other evidences
OF debts for circulation money! and receiving
deposits Of money and investing the by loa ns
on real estate, or other securities, and may pur-
chase and sell real estate.
Sd. The amount Of the capital stock authorised il
$75o 600, being in shares Of 500 each.) Ten per
cent OF the amount subscribed previous TO the 18th
day Of February, 1859, shall Be paid In by or be-
fore the said 6th day Of February, 1859, and the
| remaining stock may be subscribed for in such
manner - the Nectors may prescribe and the
Board OF Directors shall have power thereafter TO
call upon s'ockholder for further installments,
from slime TO time, until the full amount OF stock
subscribed for shall be paid in not 10 exceed ten
per cent. t$le per share) 81 any one time, and
period Of not less than sixty days shall intervene
between the time 81 payment of said several in
stallments, and . notice OF each instsDment 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
insta liment, and like notice shall be given in
| some paper pablished in the city of Keokuk and
LII - kknLA>
As required, the amount of such install ment with
interest IL the rate Of ten per cent may be recoy-
cred by suit brought in the name Of said company
against such dcfaulting stockholder or, 1t the OPP
such installment or instaliments may be due and
| unpaid, together with all paid mp instaliments
thereon, shall Be forfeited to the company.
4th. The articles Of incorporation were approved
Jan uary, 1850 and said incorporation is to continue
until the TIN day Of January, 1879, and may bere-
newed.
| 5th. The officers Of said corporation are Board
Of Directors, consisting Of ave stockholders (Which
| number may Be- increased, by by-laws, to seven.)
Said Board hall elect one Of their number Presi-
dent, and may appoint auch further officers or as
| sistants, from their number or otherwise, q may
be found necessary or cxpcdient in carrying the
| business of said company. The time Of holding
election 10 the second Monday in January annual.
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 (5O0, 00O) dollars.
| 7th. The private property Of the stockholders
shalt be exempt from the debts or liabilities Of said
comps or corpora ton
DIRECTORS:
WV. s. McGAvIc, GRoRoE b. EnYrR,
CHARLES MASON, JANIS y. Cox,
DAVID W. KiLsouRxE,
WIN. s. MCGAvIC,
Jan. IL 1859 ddw4w President.