The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1901-12-26
Notice of Incorporation.

NOJlce is hereby given, Jhat the uH-
dersigned. each of lawful age and a
citizen of the State Of Iowa, have or
ganized themselves into a body cor
porate, under title Nine TO-, Chapter
Ten (1O), Of the Code of Iowa and
amendments thereto. authorizing the
organization of savings banks, with
the name, powers and duties hereinaf-
ter specified.
The name of this incorporation is
Union Savings Bank, with a capital
stock of twenty-five thousand ($25,-
100000 Dollars to be fully paid up be-
fore such corporation commences bus
mess.
The principal place of business of
this corporation is oskaloosa, Iowa,
and said corporation shall have the
following rights and powers:
First. To sue and be sued.
Second. To have a corporate seal
and alter it at pleasure.
Ihjru. To purchase, hold, sell, con-
yey and release from trust or mort
gage such real and personal estate as
may be authorized by the laws of
Iowa.
Fourth. To appoint such officers,
agents, employees ana servants as the
business of the corporation shall re-
quire; to define their powers, prescribe
their duties, fix their compensation
ana to require Of them such security
as may be proper for the performance
of their duties.
Fiftb. To loan and invest the funds
of the corporation, to receive deposits
of money, to loan and invest the same
as provided by law and to repay such
depositors without interest or with
such interest as the by laws of this
incorporation may provide.
Sixth. To make bylaws for the
management and regulation of the cor
poration, its property and affairs,
prescribe the condition on which the
deposits shall be received and interest
est paid thereon and the time and
manner of dividing the profits and for
carrying on all business within its
power.
SeUentH. To do any and all other
things which as a savings bank organ
lied in accordance with the laws of
Iowa, it may be so authorized to do.
Eighth. This corporation shall begin
business on the second day of January,
1902, and continue for fifty (5O) years,
unless sooner dissolved, as provided
by law.
Ninth. The private property Of the
stockholders shall not be liable for
corporate debts except as provided by
the laws of Iowa relating to sTockhOld-
ers in Savings Banks.
The business of this corporation
shall be governed by board of Direct
Ors consisting of not less than Five
90, nor more lnan Nine (9), and I'M
til the first annual meeting of the
stockholders of this corporation on the
second tuesday of January, 1902, the
following named persons towit: W.
H. Kalbach, C. z. Lofland, T. c. Lof-
land, H. /. Spencer, G. B. MCCulloch,
and j. w. MCMullin, whose residence
is Oskaloosa, Iowa, and ]. H. Green,
whose residence is Abba, Iowa, shall
constitute such Board of Directors.
Until the first annual meeting of
the Board of Directors to be held on
the second Tuesday of January, 1902,
the following named persons shall act
as the officers of such corporation, to-
wit: William H. Kalbach, President.
H. L. Spencer, ViCe-President and c.
E. Lofland, Cashier, the residence OF
each being Oskaloosa, Iowa.
DATED at Oskaloosa, Iowa, this 3rd
day of December, 1901.
w. H. KALBACH, residence Oskaloosa,
Iowa.
C. E. LoFLAND, residence Oskaloosa,
Iowa.
H. L. SPENCER, residence Oskaloosa,
Iowa.
F. c. LoFLAND, residence Oskaloosa,
Iowa.
c. B. McCULLocH, residence Oska-
loosa, iowa.
J. w. MCMULLIN, residence Oskaloo-
sa, Iowa.
J. H. GREEN, residence Abba, Iowa.
JOHN ]. PRICE, residence Oskaloosa
Iowa. IOWA