The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1865-04-21
The Law creating the 1anitowoc
Savings Rank.

village OF Manitowoc, and may have and
use a common seal
SECTION 2 The capital stock shsll be
$4,000 aud may be increased by said
corporation TO any sum not exceeding
$500, 900; which thal be divided into
shares Of $50 each, and deemed personal
property. Each subscriber Of stock shall
pay at the time of ub,cubiug twenty per
cent. Of tle sum subscribed, and 'he re-
II andel when called for bv the said cor
noration The corpora.or-, or a majority
Of them may open books for the sub-crlp-
ton Of stock at the Village OF Mar or,
in tie State of Wise nsin, at such time
and place as they NAV appoint, upon Civ
mo twenty DAYS notice thereof in some
paper published in the village of Mantle
Voc: and when the sum Of 500 600 is sub
scrIbed. the SAID corpora,nrs, or MAJ ~
ity Of them. shsil give notice of the lime
and place, in ike manner, TO the stock
holders Ia meet and elect directors and
organize said corporation. The stock
ho!ters NAV elect five directors Who shaI!
bod their office until their successors are
elected and qualified under The laws Of the
corporation. The director. may elect a
president aLd ca.hIer. one Of whom shall
be % stockhnlder aud director The dl
reclors shall have power 10 I'LL any vacancy
in iheIr own NUMBER. 4 each meeting
81 the stockholders each share sha!l be Ell
titled to one vote III peIsoE 0F 10y proxy
SEC. 3. Tie SAID corporation shall be-
authorized to receive money from any
pefson or persons who may wish o de-
po>lt the same Married women and
minors may in their own name deposit
money with saii corporation, and receive
certificates OF other evidence of depo,; in
then own names, which deposits shall be
sal jrct to their own cr,ler Only. Al de-
post, OF money shall be used and inprov
Ell in manner not inconsistent with the
laws Of tie Sta'e. and \, any rate Of inter
esi lot exceeding hat allowed by law
may be paid Cor such deposits
SEC. / The aid corporation nav ac-
cept AMI execute all such trusts whether
tiiuciarv CT otherwise, as shall or may he
committed TO it 10y AIRY rerSnn or persons.
or by order ot ANY court or tribunal IN the
r. a..
'o'.''e - y '''''' ,'''' '''""e - :
!'7I'"' * "'"''''"' - '7''''''so :"
'"I"'' 'Si'o>',0 VI s"' 49, "' $40" ',''
all the Gepnsltors or parties interested, by
accommodating aud increasing the same
not inconsistent with the terms Of trust OF
the contract Ct deposit allowing and re-
ceislug such rate of interest therefor. not
rrrrsta, ,la,, la-airf 0re ry,at,tir n p1 rs may
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-. a. ia ..,,,,,o,,;o,.t .-.,s.I,;o, e ia
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and IN ,,,,a or 80 ha.d,,a dua IN said
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r.n4.,;,ns -. 49,. dir.c,nr. or ,.fi,.ars ,nav
,1rg nr.n.r
Nrc An s,orLhoIder. of said cor.