Greene County herald. (Leakesville, Miss.) 1898-current, 1903-08-21
Charter OF Incorporation of
the Bank of Leakesyille.

Sec. First. Pursuant to the statute laws
OF tho state of Mississippi, Z + Bailar I'd of
Wavnesboro. j Turner A C Naples K O McIu
mis- 5 X. Mckay. L. V. Rounsaville, Y. d. Yves
t~orffef1; MIX Sfrfffs. w -Bsaft-, q. 4 Wrrf:surz
Geo. w Faux, James Faux o. f. Rounsavl liz
w. Nj Dorset w. p Rhinehart and associates
and SUCCESSORS are hereby Inco rporated under
the name and style of bank CT LeakesyiIle.
and By that name they rs q Corporation shall
have continued succession for fifty years, and
shall b. domiciled in the town OF Leakesyille
State OF Mississippi for the purpose of doing
N general banking business: and may sue and
be sued. and prosecute and be prosecuted to
final judgment and satisfaction before any
court: may have a Corporate Seal and naay al
ter or abolish same ut pleasure: may contract
and be contracted with, may acquire. own, sell
use, and convey real. personal and mixed prop
erty within the limits and It's corporate pow
ers AS a banking institution.
Sec. Second. Said corporation Is authorized to
do a general banking business. including both
!. bank OF discount and deposit and a saving
bank with all the powers expressed or implied
or incidental thereto. and may do any and all
kinds OF business usually done by banks: may
receive and hold on deposit or in trust or Us Sc
-curity. all kinds OF real. personal and mixed
property. including notes, bonds. obligations,
mortgage. chooses in action OF Individuals, cor
-porationS municipalities. counties. states and
Uuited States, and may purchase. collect, ad-
just, supply. sell. and dispose of same with or
without its guarantee or Endorsements; may
act as agent for the investment of money fol
any person or corporation and may act as a
loan broker and a. agent for the loan of mon
cy for individuals or corporations. and may
charge such compensation or commission foI
all such services as may be agreed upon; may
bo' row money and give security therefor; may
receive and loan money on pledges and secur-
flies Of any kind.
Sec. Third. The amount of the authorized
capital stock OF said corporation is Fifty Thou
-sand Dollars. (s5o.oou) divided into shares of
One hundred Dollars (slJ9) each. The Corpo.
ration may begin business rs soon as Five
Thousand Dollars ts5.0oo) OF its capital stocl
subscribed and actually paid in. Each share OF
stock shall entitle the holder thereof to ons
vote in each stockholders meeting either in
person or Dy proxy.
Sec Fourth. The management OF the corpC
ration shall be c0nfided to . Board of Direc.
tors to consist OF Five on more members. eacl
TO be the holder OF at least Five Hundred Dol,
lars $50 of the capital stock. q majotity o.
whom shall constitute II quorum for the trans
action OF business. Said Board of director,
shall hy proDer hylaws- fix tho number of uni
GERS and employees of the bank aud prescrib,
the duties. salaries and terms OF such officer.
and all such officers and employees shall be e
lected or employed by said Board OF Director
A member Of the Board OF Directors may hol.
any other office in the bank. Said board shall
provide for the giving OF proper bonds by tn
officers OF the bank and may make and adop
such rules. regulations. bylaws for the go
eminent OF said bank and the transaction of
the business thereof Us may be expedient o
necessary to better carry out the objects o
the Corporation or to further its interests. pr
-vided they do nothing in violation OF thisc cha
ter or of the laws and Constitution Of til
state or United States.
Sec Fifth The members OF the Board of Di
rectsrs shall be elected annually by the stock
holders OF the bank at u stockholders meetin
in a manner prescribed BY the constitution an
Laws OF the state. each member so electes
shall hold his office for ono year and until hi
Seccessor Is duly elected and qualified. exceI
IN cases OF removal from office or resignatic
Sec. Sixth. In all stockholders meetings
majority OF the capital stock represented b
the Stockholders or proxies. shall constitute
quorum for the transaction OF business or Il
the election OF directors and no such cuisines
shall be transacted. and no such election sha
be held without such = quorum. The st0ckho
ders may provide the moce OF voting by proz
and every s~t0ckhoder shall have the right
vote in person or by proxy aud according