Greene County herald. (Leakesville, Miss.) 1898-current, 1903-06-12
Charter of Incorporation of
the Bank of Lucedale.

BE 1t known that on this the list day of April
ID 1903, that Gregory NJ Luce David Baker
+ II Tonsmeire. w Ratliff and / Ford.
by virtue of the provisions of Chapter % OF the
annotated Code OF the State of Mississippi and
the acts amendatory thereof do hereby organ
ize and found u corporation for the objects and
purposes herein after enumerated; 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 af-
ter become 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 sty lie of this
Corporation shall be The Bank of Lucedale
and in that name shall exist for fifty years.
unless sooner dissolved by majority OF its
stock holders and may by purchase. or other
wise. acquire, have hold and enjoy such real
and personal property (not in excess of the
limit fixed by the law upon Corporations OF
this character as may be necessary or requi-
site for the purpose for which this organiza-
ton is founded; and shall in addition possess
all the rights ard lowers which corporations
under the general laws of the State of Miss
iSsippi are authorized to exercize or possess,
Article Second. The domicile of said cor
poration shall be at Lucedale Greene County
Mississippi.
Article Third. The capital stock of this cor
poraticn is hereby fixed at Twenty-Five Thou
sand (Sl5 COD Dollars, divided into Five hum
dred shares of Fifty ts5ol Dollars each and
the Corporation shall be authorized to beg
business when Ten Thousand (fl0.eoD Dollars
of the Stock shall been subscribed and pal 4
for.
Article Fourth. The objects and purposes of
this corporation are heacby declared to be- to
buy. and sell. promissory notes. bills OF ey-
change and other negotiable paper, to lend
money Ut lawful rates OF interest. receive mon
ey on deposit and pay it on demand. or at such
time a may be agreed upon anb. to conduct and
carry on ut Lucedaie Miss. u general banking
business.
Article Fifth The corporate powers OF this
corporation shall be vested in Board of
Five Directors who shall be elected by the
stock holders within sixty 60 days after the pa
proval OF this charterand on the end Monday
in June 1908. and annually thereafter the
2nd Monday in June in each scar. The Board of
Directors at their first meeting and annually
| thereafter following every election of stock
| holders shall organize by elect ny President
Vice President and Cashier and such other Of
ticers : they may deem necessary. Vacancies
on the Board of Directors shall be filled by the
stockholders at u special election to be held
| for that purpose on ten days written notice to
each stakeholder. A majority of the Board of
| Directors shall constitut quo rum and they
| may establish well as alter and amend such
| bylaws rules. and regulations os may be deem
ed necessary and properfor the business OF
the corporation. All directors elected shall
hold Office until their successors are elected.
Witness our signatures the day
and year above written.
Gregory NJ. Luce.
David Baker.
by G M Luce.
L Fl Tonsmeire
| w D Ratliff
by @ N Luce.
J | Ford.
by G NJ Luce.