The leader., 1903-07-22
THE CHARTER
OF incorporation Of the Bank Of Bogue
ChittO.

Section /. Be 1t known, that William Rutledge,
s. b. Newman, j. /. C0ney, Daniel Bollan, f. Ill.
Easterling, I. Brady Jr., and such others as
may be hereafter associated with them, their
successors. or assigns, are hereby made and
constituted body polite and corporate under
and by virtue Of Chapter %, of the Annotated
Code OF the state OF Mississippi OF 1892.
Sec q The name and style OF said corpora
ton shall be BANK OF BoGUE CHITrO, and
under such name and style the same shall exist
date 4 @ this Charter BY the Cover
unless sooner dissolved by majority vote o.
the stockholders.
be at Bogue ChittO, In the county Of Zinc In,
state eff Mississippi
Sec. 4. This corporation is hereby authorized
and empowered to carry out the Toll wing pur
poses, for which IL was created, namely 70 do
d general banking business; to receive deposits
In any sum and issue tickets of deposit there
for to charge interest on money l. aned and
allow interest on deposits; to buy aud sell ex-
change, notes, bonds, bills, coupons, STOCKS,
gold and silver bullion and eoin bank notes and
any and all kinds of commercial paper and
evidences OF debt; to buy and sell state, county
and municipal and other public bonds and
securities to discount bills, notes and other
evidences Of debt; to loan money and take
deeds OF trust or mortgages on real OF personal
property to secure the same, or personal Securr
Fly and collateral of any kind: and said corpor-
alton is further authorized to do all acts neceS
sary and convenient, in the judgment of its
officers and directors, for the welfare and bust
ness OF said corporation; and it shall have,
possess and enjoy all of the rights, powers and
privileges enumerated In or created or conferred
by Chapter % of the Annotated Code of the
State OF Mississippi for 1892, and the amend
mentS thereto, which are necessary and proper
for carrying out the purposes of this charter:
Sec. 8. The capital st0ck Of said corporation
shall not be less than Fifteen Thousand nor
more than Thirty Thousand Dollars, with noWer
| in the stockholders to increase or diminish the
| same within said minimum and maximum
amount Said capital stock shall be diy.ded
| into shares of One Hundred Dollars each.
Sec. 6. All subscriptions to the capital stock
of said corporation shall be paid for in cash or
| in property, and when Twenty Thousand Dol
| lars shall have been subscribed after the APP
proval of this charter, said corporation may
organize, elect directors and otficers and begin
business.
Sec. z, The management of the business of
said corporation shall be confined to such a
| number of directors as may be fixed by the
| stockholders, and may be altered from time t.
| time by a vote of the majority of the stock
issued; said directors shall be stockholders OF
| said corporation, and shall be elected annually
by the stockholders. and hold office until Their
successors are elected and qualified.
| Sec. 8. The officers of said corporation Shall
/ be a president, q yicepreSident, a cashier who
shall also be secretary, and an assistant cashier.
| If necessary, all OF whom may be StOckholde fs
of said corporation, and shall be elected btV' fhe
STOCKHOLDERS and hold office for one year. aid
until their successors are ELECTED and Qualified,
| Sec. 8. A meeting OF the ipeorporatoFS hereiIIi
may be held at the place Of its domieile, at any
time after the approval of this charter, npo1
three days written notice personally delivered
to all of the incorporatoFs. giving the time and
place of meeting, and signed by at least ma
| jorty of said incorpOrators, at which time sc
| fixed and place so designated said corporation
may be organized as provided herein.