The Tupelo journal. (Tupelo, Miss.) 1876-1924, 1904-06-17
Amendment to tine Charter Of In
corporation
Of the Bank Of Tnpelo, nt fhe city {
pelo, Mississippi.

4 |
Of the Bank Of Tupelo, OF rhe city ct tn.
pelo, Mississippi
The Charter of Incorporation Of the
Bank of Tupelo. a banking corporation
located and doing business ia the CITY oI
Tupelo, Lee county, Mississippi, which
was chartered on the 2atb. day OF Sep.
tember, 1886, is hereby amended as fol
lows:
Section l. 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 its stockholders,
such branch banks to be located aud
controlled by the stockholders and d.
rectors of the said Bank of Tupelo. with
authority to do general banking busi-
ness under the Charter OF said Bank Of
Iupelo and this amendment thereto, and
not Inconsistent with TIE laws ut this
state. Such hianch banks 30 established
shall have such officers aud employees
who shall receive such compensation tcr
their services as may he determined by
the parent bank; and to do business un-
der such name and stvIe IN may he Civ
Ell it by the governing authorities cf the
said Bank of Tupelo.
Section ii. The said Bank OF TuDelo
shall have power to act as executor of
any VIII when so named hv 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
ministrato or admnisi gatOr de bouIs
non, or special administration, or guar-
dian OF minors and aslne persons, or
! mi
make sales OF property when so appoint
&c by q court OF competent authority
under such TERMS and conditions, and
receive such compensa ton therefor as
may be prescribed BY decree or IuGg-
ment CT court making such appointment
aud it shall have fui! unthuiity to per
.or,n any other trust, than those herein
named which may be conferred on it by
the courts OF this state Laying the pow
er SO to do upCn such terms and condi-
tions as may be conferred by the iudg-
ments and DEGREES Of such courts, and
consistent with the laws Of this state:
and receive such com pensation therefor
as may be fixed by such courts; prov-
ded that nothing in this section shalt he
construed 70 as to force the said Bank
OF Iupelo to accept and perform any
such Oftict ot trust contrary to lis Wish
es. And said corporation eaall have the
power to receive and huiu rCney or
properties in trust fruW executors, aC-
ministrators, guardians, receivers, com
mlsSioners ot courts, aSslGleeS trustees
and other 1tuciaries. upon such terms
as may be agreed upon; provided th It
all such nGhles anG property received
under the provisions OF this section shall
be held by It a. u ust tun,i and the nc
couBts Thereof kept separate, and Huc.i
funds and the uatruments aud loaue Of
them shall be specially appropriated to
the security aud payment Of such depus-
it's, and not be subject 70 the lubi.'es
OF said corporatioE; aEG to thi- eia. Il
shall keep Il trust departIaent with n
special set Of books ir which all business
authorized by this section ehi.ll be kept
separate and distinct from its other bu-
siness.
Section Ii. The said corperation
shall have authority to eetablist and
conduct q saviuge department. ana ~
ceive money on what is known - say
ngs deposit N such SUMS. and on such
terms and under such regulations as il
may prescribe; and all powers and priv
ileges necessary for the carrying on oi
this department is hereby granted i'll
Guiding the power to deaand u reason
able notice from it's depositurs uf their
purpose before wthdra wing their de
pOsits and every person not under guar
dian ship who may make Il 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 ". Said corporation shall
have the power aud authority to act as
fiscal agent for the state of Miss, or
any other state OF the inion, or for any
county or municipal corpora ton in the
state of Mississippi in receiving or dis
bursting Of money or other property, and
in negotiating the sale OF securities or
bonds, and may be the depository OF
any such state, county or municipality.
Section V. Said corporation shall
have authority to become one of the
sureties on any official bond required by
the laws Of this state to he made by any
officer OF the state, county, or mnnic
ipality' or the bond OF any executor. nd
mDistrntOr. guardian or other pe-sou
required by law to make bond, or an.
other person reqn,r"d ht contract to
execute ii bond
Seton vi The said Bunk ~ Tupeio
shall have any and all additional power
AMI authority not contained in its char
ter and this amendment thereto which
are conferred .on banking corporations
under Chap. % OF Annotated Code oi
1892 and the amendments thereto, aud
any amendments that may be hereafter
made