The Red Cloud chief., 1886-02-05
Articles of Incorporation of the
Farmers and Merchants Bank
ing Company.

Article I've. the undersigned, 10 hereby
Incorporate ourselves and ali person, who may
become stockholders hereof into a body %Corl'oT-
ate for general banking business under the gen
crai incorporation laws Of the state OF Nebraska.
Article The name oi the corporation shall
be the Farmers and Merchants Eankins Com
pany.
Article a The corporation shall he located in
Red Cloud. county of Webster. ahd state oi Ne
hraskl.
Article THE Incorporation Is lonr for the
transaction oi = general banking business.
Article The capital Stu"k of the corpora
tion shall Tee IN authorized capital OF one hun
dr,d thousand dollars. divided into shares of
one hundred dollars each. To- bc paid IN IN such
amounts ana N such times ~ directed 10y tile
directors of said corporation.
Article 6.-The corporation shall dale from
April 9Th. iS>5, and shall continue Tor twenty
years. and may lie continued from time 10 time
indefinitely.
Article The gene, nj control and govern
meuf of al affairs and transactions shall rest
with 4 bosrd OF three or five directors. the mum
Der tn ~ determined annually by. = majority
! vote If the stockholders assembled IN meeting
on the first Wcdnr Slay after the hr>t Monday
in April OF each year. immediately iclIo"lii-
the stockholders shall proceed 10 ,ieTt tue ~
| quired number NJ directors who shah hold OF
: is. for the ensuing Year. and until their sue.
c,-~>nr> are elected and qualified. The board Of
directors shall elect one OF their number Tre>i-
.ient. another yiee-pre>iden;, and shall elect or
! appoint "A cashier and such other Officers A. rlay
IL, deemed necessary. 10 such oilcer> tue Oh
,rtors shall delegate tie ordinary eNccuiory
g. IIIA HUBS AsHNAN rs III 80.
.nicrr u assigned. II al meetings ui stock
bolierS each sloCkholdsr shall L. er;iiled Ia
: one vote for each >hATr al stock owned. ~
shown hy the books of the corporation. Only
.urh Stockholders - ale t-iDardc o.Llsr> Of
fen .ha-r> OF capital stock shalt I've eligible Tor
the Office az director.
Article S.-No Indebtedness shall De contract
ed by The corporation other than deposits and
cx,,lss.ilons received IN the regular COURSES 90
business and the drawing of eNc.an-e.
Article a.-For the intervening time irOin the
commencement of the said corporation uHai TN.
annual meeting If stockholders the election oI
dtr-.,or<. and tire election or ar oI,ailn-n- "i
Officers. a> specified IN article seventh. >iEs
,,y,er shall act - president, and w = 'art-r
Shall act IS cashier. with fan power - do al
/ things consistent with the prpiSr management
/. al file Affairs of the corporation
In Witness wisef cot Nc have hcrcahto ~ our
hands the itih d.ay OF January \. D., fS$.
fSisn.!l SITAs GagFHE.
= Il. SMITH.
Grn. ~. Nkr>FI.
GEo. Il HOLLAND.
W. =. GAEHEE-
On the 18th day cf January. A-p is>. beior
me. W. I. pyc-flaf- n notary panitc. %rsonaHi
: came Sihas CARRIER. T. H. smith. Geo -, f.d>tr
, s,x,. Il. Holland and w :. Carrier. PrrsradAis 60
n,e knows 10 he the identical persons sha>s
names are AFFIXED 10 the above wrisin- sns
acknowledged the execution OF the >Ahe io1 ING
n,enss and purposes stated Therein
Witness nav hand and Do;ariai seal
IsEXII tSignsil
". 2. OyEsMAN. Notary Public