Greene County herald. (Leakesville, Miss.) 1898-current, 1903-05-15
Charter of Incorporation of
the Bank of Lueedale.

Be it known that on this the Isl day of April
a D 1903 that Gregory NJ Luce. David Baker
f FL Tonsmeire. w Ratiiff ana / Ford
by virtue Of the proViGions Of Chapter - Of the
annotated Ccae OF the State OF Mississippi and
the sets aHenGatory III ereof do hereDy. organ-
ize and found corporation Tor the o3jecss AID
purposes herein after ennumeEatedss and TO
that end and purpose theydo by these presents
with the ap2roya! OF the Governor OF the state
Of MISSISSIPPI, form AID constitute themselves
and such such other persons as raay herein az
Ter become asSoefated with t1am into body
polite anq corporate in law nnasr the follow
ing ARTICLES OF the charter Of said Corporation
towit;
Article First. The name aud Sty lie of this
CORPORATION shnil be The Bank OF Lacedale,
and in TIM. name shall exist FOR fitsy years,
unless sooner dissolved By majority os It's
stock holders ard MAJ b. purchase. o. other
wise s4cquire have hold ard eGioy SUCH real
and personal property tne- in excess q the
limit fixed By the law upon Corporations a
this character) as may be necessary or Teqm-
site for the purpose for which this organiza-
ton is founded and shall 10 addition possess
all the rights ard powers which corporations
under the. general laws CT the STATE Of Miss
issipri are authorized to ezera'za or pe,se $.
Article Second, The donicile of said cor
poration shall be az Lucedale Greene. County
Mississippi
Article Taird. The capital stock Of this corr
porasica is hereby fixed at Twenty Five TioL-
sand (s25 c09) Dollars. divided into Five hun
dred shares Of Fisfy ss5,) Dollars each and
the Corporation shall be cutherized to begin
business when Ten Thousand (sl0,o9el Dollars
Of the stock shall been subscribed and paid
Cor
Article Fourth. the objects and purposes o.
this corporation are heaeby declared to be. to
buy and aen prcrnissofy rores, bills OF ez-
change ara other fegot.a5la PAPER. to letd
money at lawful rates OF interest. receive mon
ey on deposit and pay it on demand. o. at such
time as may be agreed upon alb 20 conduct ard
carry on at Laoedale Miss, general banking
business.
Article Fifth. rne corporate poEers OF this
corporation shall be vested IN 2 BOARD Of
Five Directors who shall be elected by the
stock holders within sixty e days after the pa
prevail Of this chartcrand Oh the 2Id Monday
in June 1908 ard annually thereafter on the
2nd Monday IN Juns in eleh SCAR Til Board Of
Direct tors at their first meeting ara annually
thereafter following every eiee1ien % STOCK
holders. shall ereaaize by elect ne as Pres cent
Vice President ana Cashier and such other Of
ficers as they max deem nece5safy. Vacancies
on the Board OF Dire3tors Shall BE- filled By the
stockholders at 4 special election to be held
for that purpose on ten days writsen notice TO
each stockholder. A majority Of the Board CT
I Directors shall constitut quorum and they
may establish as " ell as alter and amend sach
bylaws rules. and regulations os may Aedeem-
ed necessary and properfor the business Of
the corporation. Al rsssars e.9sisa she'll
hold office until their SUCCESSORS are elected.
Witness our signatures the day
and year above written,
Gregory NJ. LUCE.
David Baker
by q nj Luce
f H Tonsmoire
W D Ratliff
bye Luce,
il Ford.
hyGM Laoo.