The Kemper herald. (Scooba, Miss.) 1875-1908, 1904-03-17

Section l. Be it known that G.. G
Wade, G. Rnsenbaum, Joe Cramer, J
H. Duke, B. r. Kuykendall, their asso-
GATES, assigns and successors, are here
by created a body corporate under the
name and style of the Bank OF Kemper.
Sec. 2. Said corporation may sue and
be sued, plead and be Implicated, pros
ecute and be prosecuted to Judgment
and satisfaction before any court; may
have a corporate seal; may contract
aud be contracted with within the lin.
it's OF it's corporate powers; may buy
and hold real and personal property,
not to exceed in value the amount linn.
tied by law; may take and hold real
and personal property in satisfaction
of debts due to it; may sell, convey,
dispose OF, mortgage, or otherwise en-
Gunner lis properly, real, personal, or
mixed; may borrow money and secure
the payment of same by mortgage or
otherwise; may determine the manner
OF calling and conducting meetings, the
number OF shares that shall enfitle a
member to vote, and the mode of vot-
ing by proxy; may make all necessary
bylaws not contrary to law, aud may
have and enjoy all the rights, priv
leges, and immunities accorded to cor
poraiions by Chapter 25 of the Ammo
tated Code of 1892 of Mississippi, and
the amendments thereto, as fully and
completely as If the same were more
specifically set out herein.
Sec. 8. The authorized capital stock,
OF said corporation shall be $50 10000,
divided into shares of 500 90 each but
said corporation may organize and
begin business when stock to the
amount Of SIS 10000 shall have been
subscribed for and paid in.
Sec. 4. The purposes and objects of
said corporation are to take and receive
on deposit in any sum, currency, gold
and silver coin, bullion, bank notes,
treasury notes, evidences of debt, mort
cages, drafts, bonds, all kinds of valua-
BILE securities, and other valuable
things !; to buy and sell notes, gold aud
silver coin, public and private securi-
ties to discount notes, bonds, aud
other evidences of debt; to buy, sell,
and deal in exchange, both foreign and
domestic, and in current and incurrent
money to loan money upo personal
security, or upon security of collsterals
OF all kinds both public and private, or
upon real, personal, or mixed property,
or upon such other property as NAV be
security for money loaned; aad to do
IN all respects a general banking bust
ness; and said corporation is hereby
fully authorized 10 carry out all of its
said purposes and objects.
Sec. B. The MANAGEMENT of the bus
mess of said corporation shall be vested
in q boaid of seven directors, to be
elected annually by the stockholders,
and such officera and agents as said
board o. dire ctors may from time to
time appoint or elect; but the number
of the directors may be increased or di-
minished at the pleasure of the stock
holders. The term of Office of the di.
rectors and all officers of said corpora
ton shall be one year, but they shall !
serve until their successors are elected
and qualified.
Sec. 8. Said corporation is hereby !
authorized and empowered to require /
and to take a bond from any of it's off, |
and agents, payable to said corpor.
alton, and conditioned tor the faithful
performance of his duty and the proper
accounting for of all money or other /,
property entrusted Il him, and TO en- /.
force the penalty thereof in case of any
default.
Sec q. The domicile of said o
ton shall be in the Town of Scooba,
Kemper County, Mississippi.
Sec. 8. The first meeting of persons
interest may be held on three DAYS
verbal or written notice of the time and !
place OF holding same, given by some /.
person named in this charter. 4
Sec. g.. Said charter shall take effect
and be in force from an I after it's APP
proval by the G%ovarnor; and said cor.
poration shall have succession and con- ,
Tor the period of fifty years from
and after said date. o8-4t :
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