The Kemper herald. (Scooba, Miss.) 1875-1908, 1904-03-24
The Charter Ct Incorporation Of
the Bank Of Kemper.

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Section /. Be it known that G. G..
Wade. G. Rosenbaum, Joe Cramer, J..
H. Duke, B. r. K~uykendall, their asso-
GATES, assigns and successors, are here
by created a body corporate under the
name and style of the Bank OF Kemper.
Sec. 3, Said corporation may sue and
be sued, plead and be impleaded, pros
ecute and be prosecuted to judgment
and satisfaction before any court; may
have a corporate seal may contract
and be contracted with within the lin.
it's OF its 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
aud personal property in satisfaction
OF debts due to it; may cell, convey,
dispose Of, mortgage, or otherwise en-
cumbere its proper y, real, personal, or
mixed may borrow money and cur
the payment of same by mortgage or
otherwise; may determine the manner
of calling and conducting meetings, the
number of shares that shall enti,le 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 nights, priv
leges, and immunities accorded to cor
porations by CHAPTER 25 of the Anno-
tatede Code of 1892 of Mississippi, and
the amendments thereto, as fully and
completely as if the same were more
specifically set out herein.
Sec. g.. 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 $25 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 cum, currency, gold
and silver coin, bullion, bank notee,
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 and
silver coip, public and private eecuri-
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 none upon 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 may be
security for money loaned; and 10 do
in all respects a general banking bnsi-
ness; and said corporation is hereby
fully authoriz I'D 10 carry out all of its
said purposes and objects.
Sec. 5. The management of the bus
mess of said corporation shall be vested
in a board of seven directors, to be
annually by the stockholders,
and such oficer1 and agents as saio
board 0. directors may from time to
time appoint OF 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 d.
rectors and all officers of said corpora
ton shall be one year, but they shall
serve until their successors are elected
and qualified.
Sec. ). Said corporation is hereby !
authorized and empowered TO require |
and to take a bond from any of it's off,
;ers and agents, payable to said corpor.
alton, and conditioned Tor the faithful
of his duty and the proper !
accounting for of all money or other ,
property Entrusted to him, and TO en-. .
iorce the penalty thereof in case of any
default.
Sec Z. The domicile of said corpora.
ton shall be in the Town of Scooba,
.emper County, Mississippi.
Sec. s.. 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. /:
Sec. 8. Said charter shall take effect !
and be in force from an ! after it's ap-
prevail by the Governor; and said cor.
shall have succession and o
tinue for the period of fifty years from
and after said date. aS-4t
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