The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1897-04-08

shares taken. the par aud total value there
OF ana The amount Of cash money actually
paid and delivered therefor SCI opposite
each name.
Section O. The persons named IN the artl
cles Of Incorporation for directors for the
first year. aud every director that NAV affer-
wards be elected or appointed and before
he acts shall take and subscribe an ulth of
ONCE TO the effect that he accepts tho unce
mat he viii SO lar lar as the dutS dsvo9cs ',,S oS
him. diligently and honestly administer The
affairs o, the said bank, and will not know
lnely violate, on willingly permit TO be yio-
lated any of the provisions of this act. auI
such oath IN writing shall be taken and sub
scrtbed IN duplicate and one copy thereof
transmitted to the Territorial Banking
Board within ten days after the choosinF
appointment or election of the director tax
Ing and subscribing TO the same
Section q All Oaths required hy this act
Go be made or taken, shall be- made or taken
before an oi1iCer authorized to administer
oaths. having a seal
Incorporation, subscription tor stock and
the oath of the directors, with request for
Incorporation. each SUFFICIENT in substance
and form. Us presented TO and Med with the
Territorial Banking Board la charter shall
he igsueo and the clerk of said Board shall
preserve and Keep on hle In his ONCE the
several papers above mentioned and shall
record the same with the letters of mcor-
poration issued thereon In book kept for
that purpose
Section y The letters of incorporati,n
herein provided for shall be dated ol the dav
issued and shall set forth the name Of the
corporation. briefly the objects and pur
poses aud business authorized to perform
The name of the city or town ana county in
which tt Is 20 operate. the amount ut It's can
ital stock the number OF shares into which
divided, tie par value of each share and the
total amount paid thereon, and the name.
of the persons who are to act as directors
Tor the first year. aud shan be signed by the
Governor aud attestcd by the Secretary of
this Territory under the Great Seal OF the
Territory
section 10 The request for letters of in
corporation mentioned I'm section B of this
ACT shall be IN writing. ana shall set forth
that the statements contained iu the arti-
lles OF incorporation are true and thar the
subscription To the stock of the bank as
shown bv the subscription list Is bona hde
and that the names In the subscription list
for stock subscribed were signed bY each of
the persons whose names appear thereon.
with full knowledge of the object 0ud pur-
poses of the same, and that II Is the desire
of an the persons whose names appear IN
said articles and on said list that letters Of
Incorporation issue thereon, and that II is
bona nde the intention of said parties to
operate under the letters of incorporation.
ana Whlch request shall be subscribed and
sworn To by two or more of the persons
whose namci appepr as subscribers 10 the
stock OF the proposed corporation.
Section H. Before any bank s authorized To
transact any business under its charter, the
board Of directors named Ia such charter shall
meet and organic by electlng one Of their mum
hsr president and 'ne secretary, aud shall do
all things preliminary TO the commencement Of
the transaction Of its business and shall keen
y complete record thereof adopt u code of by-
laws, and make n complete and detailed inven-
tory OF all the property, money, effects and
things belonging 10 the bank and 10 be ased IN
carrying on iis business. giving specific descrip
uol. of tho several articles Of property and the
value thereof, the amount Of money in total
and other effects, separately described. with
the value thereof. aud within ten uays after
such meeting and organization, shall send TO
the Territorial banking Board q certified copy
OF the minutes OF the meeting. Of the bylaws
adopted, and of the inventory made. over the
signature Of the president and secretary Of the
board Of directors and corporate seal. aud veri-
fed by the affidavit Of one of the othez direct
ers present at such meeting a 1d organization
section u. The management Of the affairs of
The bank shall be under board Of directors uf
not less than three nor more than thirteen
Of whom shall owR not less than three shares
ot the stock OF she bank and shalt be q citizen
of the United states, and "A majority of whom
shall be actual residents of this Territory dur.
ing their continuance in office, and a majority
ut whom shall constitute "A quorum.
Section l3 The Stockholders shall meet
aud every stockholder shall be entitled
90 one vote for each share Of stock held
by him and the election, shall
uation or removal of director from any cause,
the successor shall be appointed by the re-
manning directors from the stockholders hav-
ing the qualih ations ts entite them 10 the
Office of director. All officers of such bank, who
shall receive salary or fees shall be elected
and their salaries or fees liked by the stock
holders at their annual meeting. but no officer
shall be entitled to vote upon the fixing " his
own salary.
sest.on II. The board Of directors shall meet
on the hrst Monday Of January and June 20
consider any matter pertaining TO the welfare
# the bank and shall make a careful and com
plete examination Of its financial condition.
Of it, book. and effects, and particularly of its
loans and discounts on hand aud shall make
tull report thereof 10 the Territorial Banking
Board showing and giving oil that constitutes
the assets and liabilities OF the bank ia specific
items and the value aud amount thereof except
ing that money, notes. drafts. checks, discounts,
o"erdralts, re- ditcounts. bills Of exchange aud
bonds oi the same issue or particular class may
be given IN totals; but matured aud unmatured
loans and discounts, over drafts, cash items.
the am0ants Of notes and other evidences OF
debts az rCdiscuuut. with u copy Of the record
Of other proceedings had, shall be verified by
the Ntldayit ui the president or cashier of the
bank and uttested by two OF more Of the direct
ors, shall within ten days after the adjourn
ment of each meeting be transmitted TO the
Territorial Banking Board
Section 49, The Banking Board shall make
calls for sworn statements from each bank la
the Ierrituy within ten days after the Comp
trOller OF turTrAcy Of the United States issues
his call Tor statements from national banks,
aud said statement. shall show the condition Of
the bank at the close Of business on the day
hNed by the Comptroller for statements f.om
national banks, and shal be substantially in
the following form. tO-wit:
Omcihl statement Of the there insert name Of
banO at linsert name Of town or city whore
lNchieQl lu ss-t.s.ss.aa county Territory gl
oklahoma, at the close Of business on the ......
day ot..,......... ls.....
RESOURCES.
Loans and discounts undoubtedly good on
personal and collateral security ......... ...,
Loans asd discounts undoubtedly good on
real estate stcurity .......... ...
Loans and discounts past due .... .... ..+.. 900,
Ovedratts by solvent customers .. f...,
OveEdraits by customers insoltent Or
United States bonds On hand. ............. S....
Other bonds and stocks tsepArately desig-
mated Ia classes at their present cash
market price .....t-t ..-... ....... -...s. ..
Real estate AZ present cash market value .
Furniture and fixtures at actual value .... S....
Due from other banks, good on sight draft
Checks ...-...... ......+..-............... ...
other cash items ..... .. ...... ........ So.
National bank notes legal tender United
states notes, gold aud silver certid-
etlts 'stts-++.st. ...-sr. stt..t-t. ...-.s fst.s
Gold coin..+-.s.-s -r..- .s......... ........
; olFer so'n.'-.- '-..-..-t-.. t.--.
other resources. ..-.......... .-....
LtAHILlTfEs.
Capital stock paid la ..... ............ GOD.
surplus fund on hand ..--.... ... ......... s....
ID posits subject 20 draft al sight by other