The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1904-05-28

ration shall be invested with tile bower
; to receive money on deposit allowing
! interest therefor to the depositOr. if
the corporation chooses so to contract,
at such rate as may be agreed pom. tn
discount promissOry 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
pledge or mortgage of real or per-
SOnal estate, aud sell the same
and IT, lean money on real estate,
taking DIS 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 IA 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-
ceve on deposit, specially as bailee.
any jeWelry, plate, money, specie, Sc
curities, valuable papers OR valuables
of any kind. and upon consideration
to be agreed upon by the parties, to
guarantee the safety, preservation and
redehvery of the same: and also said
corporation shall have the power to
guarantee the payment of bonds ana
mortgages owned by 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
1t by any person or corporation, Wheth-
er the trust be- that of guardian, exec
utOr, trustee, the committee of an es-
tate or 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 til is corporation
shall be limited $50 900 to be divided
into five hundred shares of $lOu each. |
All certificates of stock must be signed !
by the president and attested by the
cashier with The seal OF the corpora
tiOn attached aud must be numbered !
and recorded.
ARTICLE V. |
The affairs OF this corporation sha !
be managed by IA board of five diIet
tors, who shall be elected annually ~
such time and place as the bylaws
shall provide, and shall hold the
office for one year, or until their s,.,.-
:essors are duly elected and QUALIFIED.
Said directors shall be elected by bal
OF, allowing one vote to each share of
stock. Stockholders not personally
present may vote by proxy made in
writing 10 the persons representing
hem at such election, and said board
VI directors shall Immediately after
heir elt ctiun elect one of their mum
,er as president and one as vice-pres-
lent: they shall also select a 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 {
uty as they may deem necessary. The {
aid board shall have full control of all t
o0kS. papers and property of every |
escription belonging to said company. |
nd the said directors shall submit to {
he Stockholders ut each annual meet
~ ii complete report of the corpora d
on's condition and of the transactions
lring the year. =
The board of directors shall have {
over to make ans adopt such rules y
I'D bylaws for the government of the
,rporation as may be- necessary and O
,pedient and not repugnant To this il
larter, ana SAID board shall prescribe L
= duties OF all of it, officers Nacan- a
-" Il i'm h. ii l'''i hv u
scLlOu as ilereiuo :iOre provided Tor il
any special meeting to b. called by
e president TOR that purpose. o
Books of sub>cr'ptiO may be opened u
ImediaielN after the approval uf this tC
arter By any two nr more of the in
operators. 10 such place is they mag al
signate: an, wlei 200 shares shall st
We been subscribed the subscribers az
all meet and elect board Of 6irec- &C
3, said board ,.shalT fix the amount or