The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1904-03-18
THE CHARTER OF INCORPO-
alton of the Monroe Banking
and Trust Company, OF Aber-
deem, Mississippi.

| SECTION l. Pursuant 70 the statute laws Of
the STATE Of MissiSsippi., IL; ). b. Lam; Walter
\ ID. ". Houston. J. NJ. Acker, Alb. Rubel 4 Co.,
| q. y. Flynt. ;. Schwab, W. +. llanshtou. G. |.
7 Marseilles Geo j. Leftwich. J. \. King. W. W
Watkins ID. l. Howard. +, ID. Simrill \ Son. l.
\ r. Downing. }. IL. Haushton, \. Strause. r. O..
Sykes, ". X. Gum. and their associates aud
I Successors. ere hereby Incorporated. under the
\ name and style of The Monroe Banking aud
/ Trust Co., and BY that name they, "a corpur-
atinu. shall have continued successio ION Tor pc
I riod Of hfty years. and shall be- dumiciled in
I the city of Aberdeen, State of Mississippi. for
the purisse Of DONG general banking busi-
y mess aud may sue and be- sued and prosecute
and be prosecuted. 10 final judgment and salts
faction. beiore any court may have corporate
seeil, and HLay alter and abolish the same
at pleasure. may contract and be contracted
with with or without "A seal, may acquire. own.
sell. use and convey real. personal and mixed
property. within the limits and purposes of its
corporate powers az a banking Institution.
SECTION >. Said corporation l. authorized to
do a general banking business, including both
a bank of discount and deposit and savings
bank with all the powers expressed or implied
or incident thereto. and may do any and oil
kinds 81 business usually done by banks. may
receive and hold deposit in trust or as Sc
rurity all kinds of personal property, including
I notes. bonds obligations. mortgages. chooses ia
action Of individuals. corporations, municipal
titles, counties, states, aud United States, and
may purchase, collect, adjust, supply, sell ana
dispose al tlIc same with or without its guar
|, antec or Endorsement. mfN act "a agent for the
-aves tmeut of money 90 any person or corpora
ton. and may act "a loan broker and agent
for The loan af money for dlsiduals or corIror-
atioUs. and NAV charge such compensation or
agreed upon may borrow money aud give
curity therefor. may receive and loan money.
on pledges aud securities of any kind Said
corporation may 10y resolution 81 IT. directors
organize branch bank or banks with
all the powers herein enumerated. at any point
nr points within this state.
SECTION 3. Tho capital stock of said bank
"a an ~ sixty thousand dollars tStDu0UUul, to
he iii vided into shstres OF cue hundred dollars
sia 90 each but said corporation may in
Greats or decrease abe capital stock, AT any
tifus.. hy resolution of the Stockholders. Each
stock shall enflflc the holder thereof
Ia one vote ia each stockholders meeting. eth
,.r IN nerson or by proxy. The corporation may
commence. business soon a twenty five thouS-
aud dollars tS2JODJUil OF its capital stock l.
~ubscrfbed and actually paid in
SECTION =. The management Of the corpora
ton shall he couiidcd 10 board Of directors to
consist of tive or more meInbers each To- he the
owner in his own right OF at least one share of
the capital stock, maiorit$ of whom shall
constitute a quorum for the transaction OF bust
bv-laws fix the number N other officers and
..n4Iloyces or the bank and i5rsscr be the duties
issres and tenure az such officers and all such
ofIi,.ers and EN- ployees shall b. elected or EN-
rlovs.d 10y said board OF directors. \ member
hre in the bank. Said board shall provide for
tl,s giving Of proper bonds by the other officers
nf the bank. and may make and adopt such
rules. regulations ana W Tor thc-soNern-
.tnenttof aid bank and the transaction Of the
business thereof as may be exI-dient or ueces-
sary io better carry out the objects OF the cor
,,nrntiotl or 10 further its interests. provided
rev Id nothing in violation of this charter. or
~ ths laws and constitution al the State or the
St'- - b TIi., members of the boa ri of hi.
-, SaIl h.. elected annually by the stock
LlJrs fs,s bank at a stockholders meeting.
al n tin.. :, nj place To be fixed by the bylaws
Of the vstiy, ~ dhe manner ~, nreSsrined hs
each mriuber elected shall hold his Office for
one wear and IA 1ttI his successor l. duly elected
and qualified, - 'e~hs ~ CASES oi removal IRON
office or rcSisusItis'n tt.,,
SECTION Is. 10 all y ckhoders meetings
majority of tines capits. slock' representsd ny
the stockholders; or prorA e, shail constitute a
quorum for the 1ransac1i, 'h OF business or Tor
the election of directors. at" no sqch business
sha he transact ed, and 10 S"ci eicction slaii
be ha Ia without such quortHi.'. The stockhold-
ers may provide abe mode a voting 10y Proxy
and every stoc khcider shall have the right 10
vote. IN person or by proxy. annf accounting To
the provisions Of she constitution ana laws OF
SECTION :. said corporation being previous
~ organized as bank may. al any tune II may
choose. by resolution Of the board OF directors
suread npsln it, minutes Increase ats capital
stock Ia amount required by chapter ID acts
Iss7. and a. soon "a the r,sauisii. amount lie
ness of banking the business of -afs-deI"sit
rust aud guaranty company and wi-n
eazizssi and employed in such ca pacity 1t shall
have all the rights. privileges anu rlNstrS con
ferred 10y chapter ~. acts 1897 afores nj ioyeth-
er with all the incidental rights and privileges
To execute the powers. duties and
trusts therein conferred. AZ trust aud guar
autee company said corporation shall have the
right To guarantee the bonds and MORTGAGES of
other persons. guarantee the TITLE to realizes
tate: all for "A consideration Ia be asreei nlon
by thu parties
SECTION : As a safe deposit and trust com
pauy said corporation may construtt ana WI
vanit with rcceptaccs for valnGbies oi ali
kinds. which il may lease rent or terms TO be
contracted for by and with its customers. with
ont in any manner being liable for the loss or
theft of any bonds, papers lewelry. or other
rhattsis or yalGables therein Deposited by the
ths lessees of said vault Of whatster descrlp-
ton.
But il shall have the power TO take aud re-
ceive and deposit 0ecially as bailee plesigee
jewelry. money. bonds. valuable papers. ar 9th
cr valus bes of any description whatever upon
"A consideration Ia be- agreed upon
SECTION - The lucNrDDratUr-s. those rep
reserting a majority OF the capital stock sub
scrib-d may witiDnt notice. meet at such time
charter. And spreading the same on the min
utes of the ste< kholders meeting shall be evi-
iencc of its acceptance by them .
SECTION IL Sad corporatiorr shall have all
the powers and privileges OF chapter p. Code
If Mississir ,pi Of 1sst. and the acts amendatory
thereof, whether the same shall be spec Really
herein not.
March H. Sl4 tmchAS~)