The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1899-10-07
The Charter at Incorporation of
,srThe HANK OF LELAND, -

SEQ. II Go,prl, o. A. Cason g. g.
Dean, H o MtGea, and their iulure as,oehIes
are hereby made a corporation unuet VA
have srccessinn for any Atfa, anu 10 nave lla
dumicl a. Leland IN the state OF MlsslHslppi
sec :. The purpose OF said corporation Is.
TO engage In the business Of a bank Of deposlt
and discount and 90 pursue such general
banking business, as Is usuallN puF'neu Wy
See 4 Tho powers Of said corporation are,
10 adopt corporate seal, and % alter the same
AZ pleisure; a. sue and be sued, plead ana De
Indicated, 60 prosecute, and he prosecuted 10
Judgment and satisfaction 10 ~ courts 20
contract and be contracted Mlthi 20 RECEIVE
money, commercial paper, stock bonds Sc
curIlirs and evidences of debt, tull klnd, on
general or special deposit TO receive com
merca paper, aud evidences OF debl OF every
Kind, for collection, TO lend money ,
notes, bills OF exchange, stocks, bonds
evidences of debt, and property OF every hlhu,
and 10 purchase the same, by way OF discount
or 0therwisei 10 acquire, by purchase or other,
wisr real pr0ptrty, personal property, mixed
properly stocks, bonds, and all kind Of COM
mrIciAl paper, aud chooses IN action, ana losell,
mortgage, pledge, convey and dispose OF lht
same, az pleasurri 10 borrow money, ISSUE
notes. except for circulation as money, make
and draw drafts, checks, domestic aud foreign
bills Of exchange TO accept ana lhdorse com
meTrial paper 20 adopt bylaws Tor us govern
ment not contrary to law, and to do Whatever
else may he necessary for the proper conduct OF
rs hasiuess, and to further the purpose OF It's
creation
see. The Capital stock Of said corpora
tion is 10 be fifteen thousand dollars, 10 be d-
yiIed into shares OF one hundred dollars, each
hut the Capital stock may be increased, once
or oflenrr, boy the stockholders, at regular OF
called meeting, to any sum not to exceed any
thousand dollars,
Sec The Affairs Of said corporation shall
be managed by q Board Of Director, Not less
than three OF more than seven persons sRali
constitute the Board OF directors, ana ~ oil
Them shall be stockholders, Of said corporation
They are "a be elected by the stockholders,
when they meet TO organize under this charter,
and thereafter, annually, 10y the stockholders,
al Their regular meeting, in January but the
directors, when elected, shall continue In Of
ice until their successors shall be elected,
amer the Directors are elected, and rs soon
thereafter rs practicable, they shall elect one OF
their Number to be president of said corpOuuon
who shall also be president Of the Board OF
Director, and the Board shall appoint a
Ca hier and may prescribe the duties, salary
and tenure ul office Of the President aud CASH
Ter, and may employ such other officers, and
agents, as Ii may deem advisable All OF the
mowers conferiedby this Charter, or by law,
may he exercised by the Board Of Directors, 81
under is direction, except the power To- M
regulation or rule adopted by the Board of Di-
rcCtOrs shall be subject to modification,
amendment or repeal by the stockholders, ut q
regular or called meeting and any bylaw, rule
or regulation huopttu o9 the stoohH"lu'i' az
any such meeting, shall supersede any bylaw,
rule on regulation. adopted by the Board OF
Directors, where the same may be In conflict
Sec. g The irstmeeting of the incOrporators
herein may be called by any one of the lncopor-
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 electng Directors,
and the transaction OF such other business Is
may be deemed proper; and special meetings OF
the Stockholders may be called, in the manner
to be provided for I'm the Bylaws; and lbG
stock holders may nj any vacancy in the Board
of Directors, at any called meeting
Sec. I. All the provisions ,Of Chapter p, IN
the Annotated Code of so governing corpora
lions, not in conflict with .any provisions here
in, shall be part of thus Charter.