The leader., 1903-08-05
THE CHARTER
OF Incorporation 81 the Bank Of Bogue
| chiffn


Section 1 Belt known, that William Rutledge,
IS. B Newman, j. I. Coney, Daniel Bolian, T. II.
Easterlfng, 7. Brady Jr., and such others rs
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, 2. The name and style Of said corpora
ton shall be BANK or BoGUE CHITTo, and
under such name and style the same shall exist
for period OF nifty. years from and after the
date Of approval of this charter by the governor,
unless sooner dissolved by majority vote OF
Is See e. !. The donice Of said corporation shah
be at Rogue Ohittq, IA the county Of Lincoln,
Sec. 4. This corporation is hereby authorized
and empowered 70 carry out the following pur-
! q general banking business; to receive deposits
| In any sum and issue tickets OF deposit there
| for; to charge interest on money loaned and
| allow interest on deposits: To buy and sell ex-
change, notes, bonds, bills, coupons, stocks,
gold and silver bullion and coin, 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 aud
securities; to discount bills, notes and other
evidences OF debt; TO loan money and take
| deeds or trust or mortgages on real or personal
property to secure the same, or personal secur-
/ lily and collateral Of any kind: and said corpor-
alton Is further authorized to do all acts neces.
j officers and directors, for the welfare and bush
| ness of said cOrp0ratlOn and IL shall have,
possess and enjoy oil Of the rights, powers and
privileges enumerated In or created or conferred
| by Chapter % of the Annotated Code of the
1 State of Mississippi for 1892, and the amend
ments thereto, which are necessary and proper
for carrying out the purposes of this charter.
Sec. 5. The capital stock OF said corporation
4 shall not be less than Fifteen thousand nor
more than Thirty Thousand Dollars. with power
In the stockholders to increase or diminish the
/ same within said minimum and maximum
| amount. Said capital stock shall be divided
i Into shares of One Hundred Dollars each.
See 6. All subscriptions sto the capital stock
of said corporation shall be paid for in cash or
| In property, and when Twenty Thousand Dol
4 lars shall have been subscribed after the ap-
prevail of this charter, said corporation may
organize, elect directors and officers and begin
business.
Sec :, 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 ~
time by a vote of the majority of the stock
issued; said directors shall be stockholders OF
said corporation, and shall be elected annually
i by the stockholders. and hold Office until their
successors are elected and qualified.
Sec. s. The officers of said corporation shall
be a president, a. Yice-president, a cashier who
shall also.be secretary, and an assistant cashier
1 If necessary, all of whom may be stockholders
of said corporation and shall be elected by the
| stockholders and hold office for one year, and
until their successors are elected and qualified,
my be aea At shg glase Ct is .Ss omiclie At ay
three days written notice personally delivered
to all of the incOrpOratofs giving the time and
place of meeting, and signed by at least q ma.
j0fity of said inc0fporat0rS. at which time SO
fixed and place SO designated said corporation
may be organized as provided herein.