The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1897-08-07
CHARTER OF INCORPORATION
OF
BelzOni Trust and Banking Company.

Section One 5. Castleman, j. Il. Levy
and Norman 7. Williams have aIsOCia-
ted themselves in order to form a cor
poration, and they and such others as
they shall hereafter associate with them,
and their successors, are hereby incor-
porated under the name OF BELZoNI
TRUST AND BANKING COMPANY. and shall
have succession as such corporation for
the period of twenty-five years. and by
such name may sue and be sued, and
may adopt corporate seal and alter the
same at pleasure.
Section Two. The domicile of said
corporation is the Village OF Belzoni, in
the County of Washington, and State Of
Mississippi.
Section Three. Said corporation is
formed for the purpose Of doing gen.
eneral banking and cotton factorage and
commission business.
Section Four. And to this end said
corporation shall have the power to
carry on a general banking and cotton
factorage and commission business. and
may invest its capital, profits, and de-
posits, or any portion thereof, in bonds,
notes, bank notes, treasury notes. gold
or silver coin. bullion, bills of exchange,
chooses in actioh, or any other evidence
of debt, and may dispose Of the same at
pleasure
Section Five. Said corporation may
loan Its capital, profits, and deposits, or
any portion thereof, on such terms as
msY be deemed best. and to secure the
payment Of such leans may take per-
sonal security or mortgages, or deeds of
trust on any kinds of property, real,
personal or mixed, and may deal in eX-
change, both foreign and domestic:
NAV discount notes or other evidences
of debt. and may borrow money, and
may exercise all OF the powers inciden-
tai or necessary TO carry on general
banking business. said corporation
may also make advances on coHsiRn-
ments of cotton grown or TO be there
after grown, and may receive for stor-
age and sale, cotton from Its customers
and others, and generally may do each
and everything Incidental to a cotton
factorage business, and may charge and
receive the customary and usual conf
missions incident to the cotton factor
age business.
Section Six. The capital stock of said
corpol alton shall be Thirty Thousand
Dollars, divided into shares Of One
Hundred Dollars each, but as soon as
Ten Thousand Dollars Of said stock is
subscribed for and paid in. said cOrpor-
alton may engage in business, but the
amount OF capital stock may be in
creased to as much as Fifty thousand
Dollars at any time by a vote for such
increase by the shareholders represent
ing a majority Of the shares Of tine CAPT
tai stock in said corporation.
Section Seven. The Affairs Of said cor
poration shall be managed By Board
Of Directors. one Of whom need not be
z ttockholder II SAID corporation. Ihich
Directors shall be annually chosen By
the stockholders. SAID Board Of Dirse-
tors shall have the power to pass ali
rules. regulations and bylaws for the
government Of said corporation. They
shall also designate the officers Of the
corporation. and such other person or
persons to manage the business Of the
corporation, and shall prescribe the
powers and duties of said officers or
other person or persons, so selected, and
the salaries to be paid each.
Section Eight. The first meeting Of
said corporation may be held at any
time after the approval of this Charter
by the Governor, upon three days notice
given by anyone Of said incorporates
to the others. gugI-n1-S