The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1899-09-23
The Charter OF Incorporation of
'oThe Bank of Leland"

Sec II Goepcl, o A. Cason, 9, G.
Dean, B MCGEE, and their future associates
are hereby made corporation undet W,
name of 1.-The Bank OF Leland. 10 exist ahu
have srctessiOn for flny yers, anu TO h9Ne ll'
domicil al Leland, In the state OF Mississippi
Sec 2 The purpose Of sud corporation Is.
to engage In tle business OF BANK OF depos',
and discount, and u pursue such genera
| banking business, us is usually pursued ny
| such banks
sec. The powers of said corporation are,
| to adopt a corporate seal, and to after me SANE
ut pleasures to sue and he suel, pleau NM ~ "
| implicated, to prosecute, and be prosecuted, 10
Judgment and satlsfac ton. In all courts 10
| contract and be contracted withi 90 receive
money, commercial paper, stocks bonds Sc
| Curties and eyidenC as OF debt, OF al klnd, on
general or special Ideposlt, to receive com
| merclal paper, and evidences OF debt of every
kind, for collection, to end money 7,
| by way of discount, or Otherwise upon
| notes, bills OF exchange, stocks bonds,
| evidences Of debt, and property Of every kind,
| and to purchase tn. same, by way or discount
or otherwisei TO acquire, by purchase or olher;
| wise, real property, personal property, mixed
properly, stocks, bonds, and all kind OF com
mercial paper, and chooses in action, and TO sell,
mortgage, pledge, convey and dispose OF the
same, at pleasure to borrow money, Issue
notes, except for circulation as money, make
and draw drafts, checks, domestic and foreign
bills of exchange; TO accept ana ndorse com
msrcal paper; to adopt bv-lAws for It's govern
ment, uOr contra y 10 law and TO do whatever
else may Dt necessary Tor Tue proper CVHuWNt "a
its business, and to further the purpose Of it,
creation
Sec. / The Capital Stock OF said corpora.
ton is TO be fifteen thousand dollars, 10 be d.
yided into shares of one hundred dollars, each;
but the capital Stock may be increased, once
or uflener, by the stockholders at regular or
called meeting, to any sum not to exceed my
thousand dollars.
Sec. The Affairs Of said corporation shall
be managed by Board Of Director, Not less
than three or more than seven persons shall
constitute the Board of Directors, and all OF
them shall be stockholders, of said corporation.
They are to be elected by the stockholders,
when they meet TO organize under this Charter,
and, thereafter, annually, by the stockholders,
at their regular meeting, in January; but the
Directors, when elected, shall continue in Of
fee, until their successors shall be elected
AMER the Directors are elected, and as soon
thereafter practicable, they shall elect one Of
their number tn be president ofEaid corporation
who shall also he president of the Hoard Of
Directors and the Board shall appoint a
Cashier, and may prescribe the duties, salary
and tenure Of office, OF tho President and Cash
Ter, and may employ such other officers, and
agents, as it may deem advisable All of the
may be exercised by the Board of Directors, or
under its direction, except The power to IN
crease the Capital Stock; but any bylaw,
regulation or rule adopted by the Board of Di
rectors shall be subject to modification,
amendment or repeal By the Stockholders, at
regular or called meeting; and any bylaw. rule |
or regulation adopted by tie stockholders, at
any such meeting, shall supersede any bylaw |
rule or regulation. adopted by the Board of
Directors, where the same may be in conflict
Sec. 6 The first meeting of The incOrporators |
herein may be called by any one of the iucOpor-
ators, upon five days notice to each of the
others and the meeting, when assembled, may
proceed to organize the corporation. There |
after the stockholders shall meet, on the first
Tuesday, after the first Monday, in January,
annually, for the purpose of eectlng Directors, |
and the transaction of such other business as |
may be deemed proper and special meetings of
the Stockholders may be called. in the manner
to be provided for in the By-laws; and the !
may fill any vacancy in the Board |
Of Directors, at any called meeting.
Sec All the provisions of Chapter %, in |
The Annotated Code Of So governing corpora /
lions, not in conflict with sany provisions here
IN, shall be q part of Ihls Charter.