Iuka reporter., 1889-03-07
The Charter OF Incorporation or
1.-THE Bank OF luka.,
SECTION /.

togetner with these who may hereafter
become stockholders, their, associates.
successors and assigns and the assigns
OF such assigns, forever be and they are
hereey Incorporated and created a body
corporate under the name aud style Of
"Ihe Bank OF Iukan and as such shall
have perpetual SUCCESSION; may sue and
be sued, plead and be implicated in all
the courts of law and equity. aud by
that name, may contract and be con-
tracted with, acquire, hold, and alien
property, both real and personal, and
may have a common seal, which may
be changed or altered al pleasure, and
by that name may do. and perform all
the acts. and possess all the powers and
privileges OF bodies polite and corpo-
rste. ..:sssss..a. .:sssss..a.
SECTION 2.
The capital stock of said Bank shall
be ten Thousand dollars divided into
shares of one hundred dollars each,
which capital stock, may be increased
by the stockholders from time to time, to
any amount deemed advisable and
proper by them; the certificates of
shares to be made pay able TO the stock
holders BY name, and negotiable and
assignabieb by endorsement and delivery,
and each share shall entitle the holder
thereof to one vote.
SECTION g..
The management of said Bank shall
be confided to board OF not less than
two nor more than Six directors 70 be
elected annually by the stockholders of
SAID Bank, and they shall hold their Of
ices until their sue cessors are duly elec-
ted ard qualified. The said directors
! may make aud adopt such rules and
regulations and by laws tor the govern
ment of said Bank and the transaction
of the business thereof as thew may
deem expedient aud best for tffect,bg
the OBJECTS If said corporation and
| furthering its interest provided they
shall make no rule, regulation or by law
in conflict with the constitution or laws
of this state or Of the United States
may providc for the election ard sala,
ries OF the officers of SAID Bank, and Tor
the appointment aud pay of IT'S agents
and employees, for filing vacancies in
office and for removing any officers,
| agent or employee for misconduct, or
incapacity or other good cause, for the
subscription OF stock the purchase ard
sale OF the Bank slock and property, for
the manner in which said Bank sh IL
advance aud loan money, provided he
| rate OF interest on money leaned shall
not exceed ten per cent per anndm, or
other valuable things. May make all
other regulations for the management
| and business of the Bank not in conflict
with the consultation and laws OF this
state or of the United States; may sc
quire and hold real, pei sonal aud mixed
property by purchase or otherwise and
may sell, mortgage, alien or dispose of
the sAme and do all acts lnciden1 to
bodies corporate and polite. May in.
vest the capital of said Bank in gold
and SILVER com, bullion, bank notes, sill
yer certificates, god certificates Of de.
post, and any and all moneys current
and uncurrent, bonds of the United
states and Of any stace, county or mu-
nicipai corporation and in any public or
| private securities of value. may invest
IN mortgages. trust deeds, bills OF ex-
change and ailaother eyiasaeas OF debt.
may receive in ntrust or on deposit gold
and silver com. bullion, bank notes, cur
rent and uncurrent Money, gold and
silver certificates. certlfica es OF deposit
and any other thing OF value and may
loan the same, may borrow and loan
money and other securities at such rate
OF interest and for such period Of time
as may be agreed upon by the parties
IN writing provided such ate Of ilae,est
shall nor exceed ten per cent per al.
mum, may buy and sell notes, bills |
single. drafts, accounts, United States |
and state bonds, municipal aAd coanty
bonds, warrants and all other valuable |
public and private current and uncul-
rent securities, may do bank coliec |
ton, discount and exchargs business
and general business such as is GUS |
tomaly with Bapks.
SECTION A.
Said Bank shall. have power to take
deeds in trust, mortgages, bills OF sale,
pledges and deposits and other convey !
ances OF real personal and mixed prop-
erty as security for money loaned, may
hold, own and possess any real estate
and personal property the directors may
deem necessary or convenient 10 enable
said Bank TO carry on its business ard
also any property real personal or mixed
which at any time may be purchased or
taken in payment Of any debt to said
Bank and said Bank may alien, sell or
dispose OF the same as it may deem best.
may Issue certificates of deposit stating
the terms of deposit but shall issue no
Paper circulate as money.
SECTION 8.
The domicil Of said Bank shall be at
Iuka IN the county of Efshomingo land
STATE Of Mississippi and II is incorpora-
ted with the rights and privileges enum--
code of 1880 and chapter 26 Of the acts
of 1882 said chapter 26 Was approved
March 7th 1882 and chaTter Sc OF the
acts OF 1884, said chapter Sc was approved
March 18Th, 1884. L
Signed this 7th day Of February, A. d. ~
1888.
q. J.HYATT.
e. $. GAMBLER, ar.
n @ g. p. HAAiMRRi.Y.
j. r.. BARNETT.