The McCook tribune. (McCook, Neb.) 1886-1936, 1893-10-27
Articles of Incorporation
OF THE
FARMERS AND MERCHANTS BANK
OF MccOOK,
Red Willow County, Nebraska.

We the undersigned, Frank II. Spearman,
Sylvester COrdeal, and Joseph A. COrdeal,
OF Red Willow county, and state of NebraS-
ka, dc hereby voluntarily associate ourselves
together tor the purpose of forming cOrpo-
ration under the laws of the state of
Nebraska.
l. The name Of this corporation shall be
the Farmers and Merchant Bank of Nc
Cook, Nebraska"
2. The principal Office where the business
Of this corporation shall be transacted shall
be at McCook, county of Red Willow, state
of Nebraska.
3. The purposes for which this corporation
is formed are to transact a banking business,
by receiving money on deposit, buying and
selling exchange, lOanlng money OIL notes
bills of exchange, and other real and per
Sonal securities, and such other business as
purposes and uses Of said banking corpora
ton hereinbefOre mentioned.
4. The term for which said organization is
organized is twenty-five (25) years.
5. The business of this corporation shall
be conducted by officers known as president,
vice president and cashier, and by board of
three directors, which directors Shall be
stockholders. The officers and board of
directors shall be elected annually, OH the
first Monday of April of each and every
year. The first officers of said corporation
Shall comprise the following named persons:
gan, vice president; and Sylvester Cordeal,
cashier. And the first board of directors of
the said corporation shall comprise the fol-
lowing named persons: Frank II. Spearman,
NJ. A. LOnergan and Sylvester COrdeal, who
shall hold such offices until the first Monday
in April, 1894 Ur until their successors are
elected, and upon such first Monday in April,
1894, the regular annual meeting of said cor
pOratiOn shall be held; due notice shall be
given of each meeting as required by law.
e. The capital stock OF said corporation
shall be twenty-five thousand dollars (S25,-
000), paid up capital stock, and shall be
divided into two hundred and fifty ESQ
shares of one hundred dollars (S1O0) EACH
Certificates of such stock shall be signed by
the president and cashier and shall be trans
feraDle only on the books of the corporation,
and at all meetings OF the StOckhOld-
erS each share shall be entitled to one vote,
| which vote may be cast either in person or
by proxy. The capital stock may be iL-
creased or diminished as provided by law,
by a vote of three-fourthS of the shares
| thereof at any regular meeting of the stock
holders, or at SPECIAL meeting duly called
and held for that purpose.
Z. The directors shall fill any vacancy in
| the offices of said corporation.
5. The cooks of said corporation shall be
kept at the banking office of said corporation,
and shall be open for the inspection of any
| StOckhOlder during the ordinary business
hours OF the corporation.
! 9. The board of directors are authorized
to make such regulations as to its meetings
and government and such bylaws as may
| be necessary, in conformity with these arti-
| cles of incorporation; the place of meeting
being always at the banking office of the
corporation, A majority of the board shall
at all times have power to call special
meeting of the stock holders.
10. The indebtedness of this corporation
| shall not exceed fifteen thousand dollars at
any one time, and that such limitation shall
be governed by the laws of Nebraska reat-
| ing to banking business, and transactions
related thereto which are made the object of
! this corporation.
! IL. These articles may be amended at any
| time by vote of three -fOurthS of the capital
stock at any regular or special meeting con-
vened in the manner provided by said corpo-
| ration.
| In testimony whereof we have hereunto
subscribed our names this 26th day OF
| October, 1898.
FRANK Ii. SPEARMAN,
SYLVESTER CORDIAL,
JOSEPH A. CORDIAL.