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

Section l. Be it known that G. G.
Wade. &. Rosenbaum, Joe Cramer, J..
ii. Duke, b. r. Kuykendall, their asso-
Giates, assigns and successors, are here
by created a body corporate under the
name and style of the Bank OF Kemper.
Sec. 2. Said corporation may sue and
be sued, plead and be Implicated, 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 linn
its OF its corporate powers may buy
and hold real and personal property,
not to exceed in value the amount lin
tied by law; may take and hold real
aud personal property in satisfaction
OF debts due to it; may sell, convey,
dispose OF, mortgage, or otherwise en-
cumoer lts properly, real, personal, or
mixed; may borrow money and secure
the payment OF same by mortgage or
otherwise; may determine the name
OF calling and conducting MEETINGS, the
num5ar OF shares that shall entille a
member to vote, and the mode of vot.
ing by proxy; may make all necessary
bylaws not contrary to law and may
have and enjoy all tho rights, priv.
leges, aud lmInunities accorded to cor
porations by CHAPTER 25 of the Ammo
tated Code of 1892 of Mississippi, and
the amendments thereto, as fully and
completely as II the same were more
specifically set out herein.
Sec. 3. The authorized capital stock
OF said corporation shall be $50 OOO.OO
divided into shares of 500 90 each but
said corporation may organize and
begin business when stock to the
amount OF $25 000.00 ehall 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 sum, CURRENCY, gold
and silver coin, bullion, bank notes.
treasury notes, evidences Of debt, mort
cages, drafts, bonds, all kinds of valua-
bic securities, and other valuable
things to buy and sell notes, gold and
silver coin, public and private securi- !
ties; TO discount notes, bonds, aud
other evidences of debt; to buy, sell.
and deal in exchange, both foreign and
Domestic, andin current and incurrent
money to loan money upon personal
security, or upon security Of colisterals
OF all kinds both public and private, or
upon real, p%sreoual, or mixed property,
or upon euch other property ss NAV be
security for money loaned; and to do
In all respects a general banking bust,
ness; and said corporation is hereby
authorized 10 carry out all of lis
said purposes and objects.
Sec. b. 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 officerq and agents as SAID
board o. directors may from time to
appoint or elec'; but the number
tne directors may ba increased or di-
at the pleasure of the stock
holders. The term of Office OF the di-
rectors and all officers of said corpora
ton shall be n year, but they shall ;
serve until their successors are ole cted
and qualified.
Sec. 6. Said corporation is hereby
.authoflzed n empowered to require
md TO take a bond from any of ite off,
GERS n agents, payable to said corpor.
a'ion, 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.
ION shall be in the Town of Scooba,
kemper County, Mississippi.
Sec. s. The first meeting of persons
n interest NAV 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
be in force from an | after It's ap-
proval by the Governor; and said cor
shall have succession and con-
Tor the period of fifty years from
alter said date. 2S-4t =
CuDSCflDe Tor thA HERAIn Al