The McCook tribune. (McCook, Neb.) 1886-1936, 1893-11-10
Articles of Incorporation
OF THE
Farmers and Merchants Bank OF MccOOk,
Red Willow County, Nebraska.

We Tie Undersigned, Frank H.. SpeaEman,
Sylvester Cordeai, anu JUseplI A. GOrdeaL,
OIL Red illow county, and state OF Nebras-
Ma, 10 hereby voluntarily associate ourselves
together Tor the purpose OF forming a cOrpo-
raLUn under lie laws OF The state OF
Nebraska.
/. HE name 0. this corporation Shall be
Tie Farmers and AieIciIanL Bank OF Nc
COOK, Ncuiaskh."
z. lie principal office where the business
OF this corporation shall be Transacted Shall
be al Mc,ook, county OF ked Willow, state
OF Nebraska.
3. IlIe PURPOSES Tor which this COOPERATION
Is formed are 10 transact IL banking business,
by receiving money Oh deposit, buy M and
selling exchange, ludiIliig money OH notes
bills of exchange, aud other real and per
SOIIal securities, ANA such other business as
is by law authorized TO he traiIoacJed Tor the
urpOSeS ana Uses of said banking corpora
ton litreiIbetore mentioued.
4. The term Tor Which said organization is
organized is twenty five (25) years.
D. The business of this corporation shall
be conducted By officers KNOWN as president,
wee president and cashier, and by "a board of
three directors, Which Directors Shall be
stockholders. The officers and board OF
directors shall be elected annually, on the
first Monday OF April OF each and every
year. The first officers OF said corporation
shall comprise the following named persons:
lail i. 1pNoi I"h piSHitCit. Vi Il IL
gan, vice president; and sylvester Cordeal,
cashier. And the tlrot board of directors OF
the said corporation shall comprise the fol-
lowing NAMED persons: Frank Ii. Spearlnan.
NJ. A. LUnergan and Sylvester CoIutaI, who
Shall hold such Offices until the first Monday
in A prll, 1894, vi until their successors are
elected, and upon such first Monday in April,
1894, the regular annual meeting of said cor
pOlatiOn Shall be held; due notice shall be
gwen of each meeting It's required by law.
+. The cdpltal stock OF said corporation
shall be twenty five thousand dollars ($25,-
000), paid up capital stock, and shall be
divided into two hundred and fifty ESQ
shares OF one hundred dollars ($l00) 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 stocklold-
erS each share shall be entitled to one vote,
which vote may be cast either i'll 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 a 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 SaiI corporation,
and shall be open for the inspection of any
stakeholder during the ordinary business
lOulS u tiit " UldtlUI.
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 interpretations: 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 a special
meeting of the stockholders.
10. The Indebtedness of this corporation
shall not exceed fifteen thousand dollars at
any one time, and that sue. limitation shall
be governed by the laws of Nebraska relat-
ing TO banking business, and transactions
related thereto which are made the object of
this corporation.
II. These articles may be amended at any
time by a vote of three fourthS of the capital
stock at any regular or special meeting con-
vened in the manner provided by said corp0-
ration.
In testimony whereof we have hereunto
subscribed our names this Goth day of
October, 1898.
FRANK II. SPEARMAN,
SYLVESTER CORDIAL,
JOSEPH A. CORDIAL.
THE STATE OF NEBRASKA, lss.
RED WILLOW COUNTY. g."
On this 26th day of October, 1898, person.
ally appeared before me the undersigned, a
notary public, duly commissioned and quail
flied for and residing in Red Willow county,
Nebraska, Frank II. Spearman, Sylvester
Cordial and Joseph A. Cordial, to me known
to be residents of Red Willow county, Ne
braska, who in my presence signed the fore
going articles of incorporation, and who
before me and in my presence jointly and
severally acknowledged the foregoing lnstru-
ment and the execution thereof to be their
voluntary act and deed for the uses and pur-
poses therein set forth.
Witness my hand and notarial seal the day
and year last above written.
SEAL. G. H. BOYLE, Notary Public.
My commission expires January sd, 1897.