The Oskaloosa herald., 1901-12-05
Notice of Incorporation.

Notice is hereby given, that the I'M
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 (9), 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.
Ihiru. To purchase, hold, sell, con-
vey and release from trust or mort
gage such read 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.
Fifth. 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.
Sirth. To make bylaws for the
management and regulation of the cor
poration, it's property and affairs,
prescribe the condition on which the
deposites shall be received and inter-
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 saving bank organ
lied in accordance with the laws OF
Iowa, it may be so authorized to do.
Eighth. This corporation shall begin
til the first annual meeting of the
land, H. L. Spencer, C. B. McCulloch,
and J. w. McMullin, whose residence
Until the first annual meeting of
day of December. 1901.
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
C5), nor more tnan Nine (9), and un,
til teh 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. e. Lofland, F. c. LOT.
land, H. i. Spencer, G. B. Mccullough
and J. w. McMullen, whose residence
is Oskaloosa, Iowa, and ]. H. Green
whose residence is Abba, Iowa, shall
constitute such Board of Directors.
Until the first annual meeting Off
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
Fl. L. Spencer, Vice-President and c.
E. Lofland, Cashier, the residence oil
each being Oskaloosa, Iowa.
DATED at OskaIoosa, Iowa, this Ord
uay of december, 1901.
w. H. KALBAcH, residence Oskaloosa,
Iowa.
C. e. LoFLAND, residence oskaloosa,
Iowa.
H. L. SPENCER, residence oskaloosa
Iowa.
F. c. IoFLAND, residence oskaloosa
Iowa.
c. B, MccULrocH, residence oska.
loosa, IOWA.
J. W. McMUELrN, residence oskaloo
sa, Iowa.
]. n. GREEN, residence Abba, Iowa
JOHN ]. PRICE, residence oskaloosa
Iowa 19w4