The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1904-06-11

ration shall be invested with the powel
. to receive money on deposit allownL
! interest therefor to the depOsitor il
! the corporation chooses so to contract.
at such rate as may be agreed pom, t.
discount prOmissOiy notes, bills of eX.
change or other evidences of debt, buy
and sell the same; deal in gold, silver,
bullion, bonds, stocks, or other securi-
ties generally; advance money upon a
pledge or mortgage of real or per-
sonal estate, and sell the same
and to loan money on real estate,
taking as security for the same mort
cages or deeds in trust on such
real estate, and have and possess all
other rights which appertain and be-
long tc banking institution, except
the power to Issue notes for the pur-
pose of currency, which power is here
by withheld; provided that nothing
herein contained shall be construed to
authorize the carrying on the business
Of pawn broker coupled with said priv
ileges as a bank. The corporation
shall have the power to take and re-
ceive on deposit, specially as bailee.
any jewelry, plate, money, specie, Sc
curities, valuable papers or valua bles
of any kind, and upon consideration
to be agreed upon by the parties, to
guarantee the safety, preservation and
redelivery of the same; and also said
corporation shall have the power to
guarantee the payment of bonds and
mortgages owned 10y other persons,
and to guarantee titles to real estate
for consideration to be agreed upon
by the parties.
The said corporation shall have the
right and power to accept and execute
all trusts of every name and kind which
may, with its consent, be imposed upon
il by any person or corporation, wheth-
err the trust be that of guardian, exec
utor, trustee, the committee of an es-
tate of a non cOmpOs mentis, or any
other trust, the said corporation being
hereby invested with the power to act
in such tiduciary capacity as fully as If
the corporation was person in being.
ARTICLE ".
The capital stock of this corporation
shall be limited to $50, 900 to be divided
into five hundred shares of Sl0U each.
All certificates of stock must be signed
by the president and attested by the
ca shier with The seal of the corpora
lion attached and must be numbered
and recorded.
ARTICLE V.
The affairs of this corporation shall
De managed by board of five direc
tors, who shall be elected annually at
such time and place as the bylaws
,hall provide. and shall hold their
)tfice for one year, or until their sue
are duly elected and qualified.
Said directors shall be elected by bal
OF, allowing one vote to each share of
took. Stockholders not personally
present may vote by proxy made in
writing to the persons representing |
hem at such election, and said board |
VI directors shall Immediately after |
heir election elect one of their num-
ger as president and one as vice-presi-
lent: they shall also select cashier ,
md such other officers and assistants
IS may seem to them necessary, pre-
cribe their duties, fix their compensa-
Ion. and take from them such security
or the faithful performance of their |
luty as they may deem necessary. The |
looks, papers and property of every
description belonging to said company,
md the said directors shall submit to |
he stockholders at each annual meet
ng complete report of the corpora
ions condition and of the transactions |
uring the year.
The board of directors shall have |
'ower to make and adopt such rules |
nd bylaws for the government of the |
as may be necessary and !
xpedient and not repugnant to this
harter, and said board shall prescribe :
be duties of all of its officers. Vacan-
les in the board shall be filed by
lection as hereinbefore provided for
t any special meeting to be called by
be president for that purpose,
Books of subscription may be opened
after the approval of this
barter by any two or more of the In
operators, in such place as they may
esignate: amt when 200 shares shall
ave been subscribed The subscribers
halt meet and elect board of direc-
RS, said board shall fix the amount