The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1890-08-16
CHARTER OF INCORPORATION OF
The Peoples Sayings Bank and Loan
Company, Of GrGaHTillG, Mississippi.

Section |. Thomas Mount. joseph
Uhl, J.. j. Harty, \. B. Nance. II. +.
kriger, II. E. Wetherbee, J. H. Leayen-
worth, JAS. +. NeguS. J. NJ. jayne, ii.
Z. watson. w. l.. kellibrew, Henry
Crittenden, King Dorwart, j. B. Harbi-
son. K. w. Milsaps, L. b. Cowan. and
L. L, Price and their associates and sue
cessors, are hereby constituted body
polite and corporate, under the name
and style Of the Peoples Savings Bank
and Loan Company" 4" and by that name
shall have perpetual existence; may sue
and be sued; plead and be implicated
in all courts Of law and equity; may
have common seal may contract and
De contracted with may acquire, hold
alien, cucumber. and otherwise dispose
OF property, both real and personal
without limit; and shall possess and
ENJOY all the powers, rights and prisi-
leges conferred by chapter 3S, Code of
1850, and existing amendments thereto.
The domieile Of said corporation shall
De In the city Greenville, County of
Washington, State of Mississippi.
Sec. :. This corporation Is hereby
empowered TO conduct Savings Bank
Business, and also the business of
bank OF discount and deposit, with all
the powers expressed or implied Incl
dent thereto; TO receive and to hold on
deposit, IN trust and as security estate,
real and personal. including notes.
stocks, bonds. obligations and mort
cages, and the same to purchase, collect,
adjust and settle, sell and dispose of In
any manner. with or without Its guar
antee or Endorsement to guarantee or
insure title to real estate TO receive
and loan money on pledges and securi-
ties Of all kinds to receive upon deposit
Tor safe keeping papers, stocks, bonds
and valuable property Of every descrip-
tlon to act as assignees and receivers
TO execute trusts Of every description
not inconsistent with the laws Of the
state OF Mississippi nor of the United
States, and to become surety in any
case /; to act as loan brokers and as
agents for the Investment of money and
for the negotiation of loans tor indlvid-
uals or corporations; and to receive
such compensations therefor as may be
agreed upon.
Sec. 3. The capital stock of said cor
poeatlon shall be fifty thousand dollars
with power to Increase to one hundred
thousand dollars at any time by resolu-
tion OF the holders of the majority of the
stock (; and as soon as fifty thousand
dollars Of the capital stock of the cor
poration Is subscribed, and twenty-five
per cent thereof paid In, the corporation
Is authorized to commence business
said capital stock shall be divided into
shares OF twenty-five dollars each.
Sp(- A. Tba nanamapt nf fha eor.
poration shall be confided to board of
five or more directors, all of whom shall
be stockholders; the number of dlrec-
tors, (not less than five) and the time
and manner OF their election and their
term OF Office shall be prescribed by the
bylaws, Said board of directors shall
have power to make, adopt and alter
such bylaws, rules and regulations for
the election Of officers and the govern
ment ofsaid corporation and the man
agement of Its business as they shall
deem proper, provided said bylaws,
rules and regulations shall not be con.
trary to this charter, nor to the laws OF
the State Of Mississippi and Of the
United States.
Sec. 3, No stockholder of said corpor-
alton shall be liable for any debt or lia-
bilities Of the corporation beyond the
of the unpaid portion OF the
stock subscribed by him.
Sec. O. AT the first meeting Of the sub
scribers to the stock OF this corporation,
held for the purpose of organization,
they shall adopt bylaws not In conflict
with this charter, nor with the laws OF
Mississippi and of the United States,
and shall elect directors Hereunder
such bylaws to be thereafter subject to
alterations and additions by the board of
directors as herein. before provided for.
Aug. O-it.