Greene County herald. (Leakesville, Miss.) 1898-current, 1903-05-22
Charter of Incorporation of
the Bank of Iucedala

BE it Known that on this the ut lay of April
A D 1853. that Gregory M Luce, DAVID Baker.
r Fl TonkFleire. w d Ratliff AND l Ford.
by virtue Of the provisions of Chapter rs OF the
annotatef; Code o. the State Of Mississippi and
the acts alDea1atory thereof DO hareby organ
ize and found corporal on for the objects rid
purposes herein after enpunerated and to
that end and purpose they do a% these presents
with the approval of the QJyernor of the state
OF Mississippi form aud eoasutute themselves
and such such other persons a. bay herein al
ter become asses sateI with them iuto body
pa.itic 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 Ban, OF I.ueedale.
ana in that name shall exist for fifty years,
unless sooner diSsolred By 9 majority Of Is
stock holders and may by purchase. or other
wise. acquire, have hold and enjoy such real
ana perSGnsl property (naI IN excess of the
limit fixed by the law upon Corporations of
this eharacter) may be necessary or reslai-
site for the purpose tor which taiS oreauiza-
don is founded. and shall in addition possess
all the rights ard powers WHICH eoiaorations
under the general laws Of the State OF Miss
issippi are authorized to exerc "a or possess.
Article Saeord, Tbs Gomicile of said ear
poration shall be II Laeedale Greene. County
Mississippi
porasicn Is hereby fixed a Twenty-Five Thou
sand tS25 COO Dollars. divided into ;sigc h,sn-
dred shares of Fifty 60 Dollars each and
the Corporation shall be author zcd-to begin
business when Ten Thousand (flo,0e0) Dollars
of the stock. shall been subscribed snG Pad
for
Article Fourth Tie objects nnG fsnrposes CT
this corporation are heaehs declared to be. to
buy and sell promiSsory notes, Il liz Of ey-
change ard other ne4o..eit" raper. to lend
lnoney at lawful rates oi interest receive mon
CT on deroxit and pey il on demand or at such
time as may be agreed upon ai.b 20 conduct and
carry on ut I.ueseale Miss general banking
bus ness.
Article Fifth. The corporate powers of this
co rpo ration shall be vested in q Jo:srd OF
Five Directors who she'll be elected ny the
stock holtsps within sixty 90 dass after the fsi
rroyal of this charter and on the End Monday
IN June 1903. and annually thereafter on the
and Monday ia June 10 each SCAR. Tn Board 81
Directors at their first meeting aud annually
thereafter following every e1ect;on OF stock
holders. shall organize by elect ng as Pres, cent
&C President and Cashier ard such other Of
f;eers as they may deem nece Ssary. Vacancies
on the Board Of Directors she'll 10 tllsd by the
Stockholders st q special election to be he'd
for tnet purpose on tea days written notice to
esch siockholdcr = majority OF the Board of
Directors shall constitut quorum and they
may establish as well rs alter aud amend sach
bylaws rules. and regulations os may be deem
ca ns7e4.ess and psorsT for the business OF
the corporation. Al ractovS elected shall
hold offiee uniil their successors are elected.
Witness our signatures the day
and year above written.
Gregory NJ. Luce.
David Baker
by G Luce.
Eli Tonsmeire
W D Ratliff
by G N Luce,
II Ford.
by G M Laea.