The McCook tribune. (McCook, Neb.) 1886-1936, 1893-11-03
Articles of Incorporation
OF THE
Farmers and Merchants Bank of McCO0k,
Red Willow County, Nebraska,

We the undersigned, Frank Ii. Spearman,
Sylvester Cordial, and Joseph A. COrdeal,
OF Red Willow county, and state of NebraS-
ka, do hereby voluntarily associate ourselves
together tor the purpose of forming a cOrpo-
ration under the laws of the state of
Nebraska.
l. The name OF this corporation shall BIZ
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.
8. 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 Oh notes
bills of exchange, and other real and per
SOnal securities, and such other business as
is by law authorized to be transacted for the
purposes and uses OF said banking corpora
tion l~ereinbefOre mentioned.
4. The term for which said organization is
organized is twenty five C25) years.
). The business OF this corporation shall
be conducted by officers known as president,
vice 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:
Frank Ii. Spearman, PRESIDENT; NJ. A. LOner-
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 IL 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.
q. The capital stock OF said corporation
shall be twenty-five thousand dollars $685.
000), paid up capital stock, and shall be
divided into two hundred and fifty (25O)
Certificates of such stock shall be signed by
the president and cashier and shall be trans
feraDle only Oh 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 nay 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.
s. The cooks OF said corporation shall be
kept at the banking office of said corporation,
and shall be open for the inspection of any
stakeholder 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-
Giles 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 a special
meeting of the stockholders.
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 relat-
ing to banking bu2ineSS, 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 iii the manner provided by said cOrpO-
ration.
In testimony whereof we have hereuuto
subscribed our names this 26th day of
October, 1898.
FRANK Ii. SPEARMAN,
SYLVESTER CORDIAL,
JOSEPH A. CORDIAL.
THE STATE OF NEBRASKA, 90.
E WILLOW COUNTY.
On this 18th day of October, 1893, person.
ally appeared before me the undersigned, a
notary public, duly commissioned and quail
fled for and residing in Red Willow county,
Nebraska, Frank Ill. Spearnan, Sylvester
Cordial and Joseph A. Cordial, to me known
to be residents of Red Willow county, Ne
braska, who in nv presence signed the fore
going articles of Incorporation. and who
before me and in my presence jointly and
severally acknowledged the foregoing instru-
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 wear last above written.
[sEAL.l Q. H. BOYLE. Notary Public.
My commission expires January Esd, 1897.