Greene County herald. (Leakesville, Miss.) 1898-current, 1903-05-08
Charter OF Incorporation O
the Bank of Lueedale

BE il known that on this the lst day Of April
A ID 1898, that Gregory NJ Luce. David Baker.
| f II Tgasmeire, w D R&tliff and l Ford.
By virtue of the provisions Of Chapter IS of the
annotated Code of the State of Mississippi and
the acts amendatory thereof do hereby organ
! ize and founda corpa -atiou for the objects ard
purposes herein pfter ennumerated: and TO
/; that END and purpose they do By these presents
| with the approval OF the Governor OF the state
| of MISSISSIPPI form and constitute themselves
and such such other persons as may herein at
| ter became ASSOCIATED with them into body
polite and corporate in law under the follow
ing articles of the charter of said Corporation
towit.
Article First The name aud Style of this
Corporation shall be The Bank OF Luecdala.
and In that name shall exist for fifty years.
unless SOONER dissolved BY majority OF rs
stock holders ana may BY pprchgse. or other
wise. acquire. have hold ana enjoy such real
and personal property ta6t in ezcess OF the
limit fixed by the law npon Corporations of
this characterl as may he necessary or, rcfal-
site for the purp9se for which this organize
ton is founded, sac shall in addition lossess
| all the rights ana pawefs which forpQFaiions
under the general laws Of the S.ate Of Miss
, issippi are authorized to exsreiz8 or passes.
Article SECOND The domieile OF said cor
poratien shall lie at I.uaedais Greene, County
Missiasifr'i.
Article Third. The canitai stock ~ this cor
poraticn Is hereby fixed at Twenty-Five Thou
sand fs,5 o0cj Dollars. aivided into Five hun
drea shares Of aifty sSs)l Dollars esch ana
the Corporation ssiail be authorized to Desin
business when Ten Thousand tAo.ooe, Dollars
| OF the stock. shall psea subscribed ard PAID
for.
Article Fourth. The objects ana purposes OF
this corporation are heaeby declared TO be, to
bay and sell. pramiSsosy Teses bills q ex-
charge ana other negotiable paper. TO iend
money at lawful rates OF interest, receive mon
cy on deposit ana PAY il on demand or at such
| time as may be agreed upan arp . conduct and
carry OF at Lueecale Miss. u general banking
business.
Article Fifth The corporate peTevs Of this
corporation shall be vested in faara Of
Five Directors who shall be elected by Il e
stockholders within sixty 20 days after the pa
prevail of this charterard on the 2nd Monday
in June 1903 and annually Thereafter on the
end Monday in june in saeh soar. The Board Of
Directors ct taair first meeting and annually
/ thereattRf following every ERECTION o. Sloct-
holders SHALL organic e by elect ng as PreS.eenf
Vice President and Cashier and such other Of
ficers as they may deem Eeeessary; vacancies
on the Beard Of Direstors shall he filled by the
stockholders ct a special election to be held
for that purpose On ten DAYS written notice to
each stockholaer 4 majority Of the Board ct
Directors shall constituta quorum and they
may establish as we'll as alter and amend such
! bylaws rules. and regulations os may be dsems
ed. ne sassary and pro- ar1or the HusiEess Of
the corporation. 4 u dirs tiers elastsd shall
hold Office until their successors are elected.
Witness our signatures the day
and year above written.
Gregory NJ. Luce.
David Baker,
by q II Luce.
r Fl Tonsneirc
W d Ratliff
by IN Luce,
il Ford.
by NJ LUCE