The Tupelo journal., 1904-06-24
Amendment to the charter of In
corporation
Of the Bank of Tupelo, of the city of III
pelo. Mississippi.

Of the Bank of Tupelo, of the city of tn.
pelo. Mississippi.
The Charter of Incorporation of the
Bank of Tupelo, a banking corporation
located and doing business in the CITY of
Tupelo. Lee county, Mississippi, which
was chartered on the 18th. day of Sep.
TENDER, 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 Mlssis-
sippi or in any other State in the union
where authorized by the laws of such
state, by resolution of it's Stockholders,
such branch banks to be located and
controlled by the Stockholders and di-
rectors of the said Bank of Tupelo. with
authority to do a general banking bust
ness under the Charter of said Bank of
Tupelo and this amendment thereto, and
not inconsistent with the laws of this
state. Such branch banks SO established
shall have such officers and employees
who shall receive such compensation for
their services as may be determined by
the parent bank; and to do business un-
der such name and stvle as may be CIV
en- it by the governing authorities of the
said Bank of Tupelo.
Section III. The said Bank of TuDelo
shall have a~uthOritv.to act as executor OF
any will when SO named by any testator
or ~testatrix, or act as trustee in any
mortgage or deed of trust, or as admin
istrator with the will annexed. or ad-
mi%nistratOr, or administrator de bonls
non, or special administrator, or guar
dian of minors and insane persons, or
special commissioner to any court to
make sales vi property when so appoint
ed by d court Of competent authority,
under such terms aud conditions, and
receive such compensation therefor as
may be prescribed by decree or judg-
ment OF court making such appointment
and it shall have full authority to per-
form any other trust, than those herein
named which may be conferred on it by
the courts of this state having the pow
er so to do upon such terms and cOndi.
tions as may be conferred bv the judg-
ments and DEGREES Of such courts, and
consistent with the laws of this state;
and receive such compensation therefor
as may be fixed by such courts; provi-
ded that nothing in this section shall uc
construed SO as to force the said Bank
of Tupelo to accept and perform any
such office of trust contrary to it's wish
es. Aud said corporation shall have the
power to receive and hold money or
properties in trust from executors, ad-
illustrators, guardians, receivers, COM
missioners OF courts, assignees, trustees
and other fiduciaries, upon such terms
as may be agreed upon; provided that
all such monies and property received
under the provisions OF this section shall
be held by it as a trust fund, and the ac-
counts thereof kept separate, and such
funds and the Instruments and loans of
them shall be specially appropriated to
the security and payment of such depos-
it's, and not be subject to the general
liabilities OF said corporation; and to this
end it shall keep a trust department
with a special set of books in which all
business authorized by this section shall
be kept separate and distinct from it's
other business.
Section III. The said corporation
shall have authority to establish and
conduct a savings department and re-
ceive money on what is known as say
ings deposit in such sums. and on such
terms and under such regulations as it
may prescribe; and all powers and priv
ileges necessary for the carrying on OF
this department is hereby granted. in
Guiding the power to demand a reason
able notice from its depositors of their
purpose before withdrawing their de-
posits; and everv person not under guar
dian-ship who may make a deposit in
this department may control, transfer
or withdraw the money so deposited as
per contract, and the dividends oil inter-
est that have Accrupd
Section Nv. Said corporation shall
have the power and authority to act as
fiscal agent for the state of Miss, or
any other state OF the Union, or for any
or municipal corporation in the
state Of Mississippi in receiving or dis
hNSeing of money or other property, and
ID 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 be made by any