The Tupelo journal., 1904-06-10
Amendment to the charter of In
corp0rOtion

1
corporation
Of the Bank Of Tupelo, of the city of ru
| pelo. Mississippi.
The Charter of Incorporation OF the
Bank OF Tupelo, u banking corporation
located and doing business in the CITY oil
Tupelo, Lee county, Mississippi, which
was chartered on the 2Sth, day Of Sep
tember, 1886, is hereby amended as fol
lows:
! Section /. The said Bank Of Tupelo
shall have authority to establish branch
banks anywhere in the State of Missis.
sippi or in any other State in the union
where authorized by the laws Of such
state, by resolution of it's stockholders,
such branch banks to be located and
controlled by the stockholders and di
rectors of the said Bank of Tupelo. with
authority to do general banking busi-
ness under the Charter OF said Bank oi
Tupelo and this amendment thereto, and
not inconsistent with the laws of this
state. Such branch banks so established
shall have such officers and employees
who shall receive such compensa ton for
their services as may be determined by
| the parent bank; and to do business un-
!
| en- it by the governing authorities of the
said Bank of Tupelo.
Section Ii. The said Bank OF Tupelo
shall have power to act as executor OF
any will when SO named by any testator
or testatrlx, or act as trustee in any
mortgage or deed of trust. or as admin
istrator with the will annexed. or ad
ministrator, or administrator de bonls
l ,aI II
dian OF minors and insane persons, or
special commissioner TO any court to
make sales OF property when 80 appoint
ed by court OF competent authority
under such terms and conditions, and
receive such compensation therefor as
may be prescribed by decree or judg-
| ment OF court making snch appointment.
and it shall have full authority to per
form any other trust, than those herein
named which may be conferred on it by
the courts OF this state haying the pow
er so to do upon such terms and cOnd-
tiOns as may be conferred bv the iudg-
ments and DEGREES of such courts, and
consistent with the laws of this state:
and receive such compensation therefor
as may be fixed by such courts; provi-
ded that nothing in this section shall be
construed SO as to force the said Bank
OF TupelO TO accept and perform any
such office OF trust contrary to it's WISH
ed. And said corporation shall have the
power to receive aud bold money or
properties in trust from executors, ad-
illustrators, guardians, receivers com-
mlssloners OF courts, assignees, trustees
and other fiduclaries. upon such terms
as may be agreed upon; provided that
all such monies and property received
under the provisions Of this section shall
be held by it as II trust fund and the ac-
counts thereof kept separate, and suca
funds and the instruments aud loans OF
them shall be specially appropriated to
the security and payment OF such depos
it's, and not be subject to the liabilities
OF said corporation; and to this end it
shall keep a trust department with n
special set of books in which all business
authorized by this section shall be kept
separate and distinct from its other bu-
siness.
Section Ill. The said corporation
shall have authority to establish and
conduct savings department and re-
ceive money on what is known as say
ings deposit IN such sums. and on such
terms and under such regulations as it
may prescribe; and all powers and priv
ileges necessary for the carrying on Of
this department is hereby granted. in
cluding the power to demand reason
able notice from it's depositors of their
purpose before Withdrawing their de
pOsits; and everv person not under guar
dian-ship who may make a deposit in
this department may control, transfer
or withdraw the money SO deposited as
per contract, and the dividends OF inter
est that have accrued.
Section IV. Said corporation shall
have the pOwerand authority to act as
fiscal agent for the state of Miss, or
any other state of the Union, or for any
county or municipal corporation in the
state of Mississippi in receiving or dis
bursting OF money or other property, and
in negotiating the sale of securities OF
bonds, and may be the depository OF
any such state, county or municipality
Section '. Said corporation shall
have authority to become one of the
sureties on any official bond required by
the laws OF this state to be made by any
officer OF the state, county or munic
ipality' or the bond of any executor. ad
mlnistratOr, guardian or other person
required by law to make bond, or any
other person requIrad by contract to
execute bond.
Section vi. The said Bank OF Tupelo
shall have any and all additional power
and authority not contained in it's char
ter and this amendment thereto which
are conferred on banking corporations
under Chap. 25 of Annotated Code OF
1892 and the amendments thereto, and
any amendments that may be hereafter
made.