The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1904-03-11
THE CHARTER OF INCORPO-
alton OF the Monroe Banking
and Trust Company, OF Aber-
deem, Mississippi.


,Ecrfo> J. Pursuant % the statut" law, Of
.4e stat at Mississippi. II. J. b Lam Walter
l.tun. W Greene, " II Carlisle; \ Carlisle
. " Houston. J. NJ. Ackrr. Nhe Ruh-i Co..
- g. RI a. = Schwub. N L. Haughtou. q /.
Nur-.ill,--. Geo j. LeftWich }. \. King. W W
Watkins. y. l. Howard. =. -. Siurii 4 >ou. J..
4. Downing. j. n. HHugltou. ~fruu~e. +. -.
sykes. NJ II. Gum, amt their associates Hnt
ii,.r..--.,r- -.. hereby iurorfrorsttri under th.
ANN. ana -t,le uf Tho Monroe Baukiu. and
r-tst Co. and los that maine they n~ d corE'or-
tiHu. III ali hav" continued -ncc''>si"i t"r q I'-
rlol uf lfty years, and shalt H. dumtciied iu
.lt city uf Aberdeen state Of Mississippi. for
.h- uurlu~e 81 uotug GENERAL hauking hnsl-
.ir-s .uuI may sue and hr sued, ard prosecute
tud hr ro-ocuted. 90 lnHi Judgment aud salts
lac ,iou. before nuN court may have "a corporate
-eai did may alter AID abolish the same
at ptra- are. may contract ana hr contracted
.ith. with ar without seal, MAY acquire, OWE
.-ii u-e and convey rea personal and miAsi
..r"perty within the limits and purposes OF II IS
Corporate power- a bank ing institutions.
SECTION .. said CORPORATION j. authorized ~
10 A general banking business Incl udlng both
F bank of discount aud deposit aud savings
bank. with all the powers eXprcsscd ar implied
r incident thereto. and may 10 any and ail
Li,d. nf hnsincss usually done hy banks: may
receive aud bold on deposit or 20 trust or ~ Sc
rurity .Il kinds ~ personal property. including
action of individuals, corporations. municipal
tiles. counties states, and United States, and
may purchase. collect adjust supply. sell and
dispose ~ Tue same Win "r without ~ guar
tt tire or Endorsement. may act as agent for the
investme 10 of money for any person or corpora
tiou. and may act a- loan-broker aud a agent
Tor the loan ar money for individuals or corpor-
ation-. aBd NAV charge such CONDENSATION Or
COMMISSIONS Tor all ~uch services a. may b.
agreed upOn. may borrow money and give SEE
rurity therefor: may receive and loan money.
an riedlr.s and securities Of any kind Said
CORPORAL ton may bs resolution of it, directors
organize q branch bunk or banks with
~ the psyxsrs herein enumerated at any point
nr point. within this State.
SE,IfDN g. The capital stock ~ said bank
shall he sixty Thousand iollars iStNcWLuHl, to
.-ftuUuI each bar said corporation may in
CREASE 80 decrease the capital stock. AZ any
ft.ne. rs +. .3iution of the stockholders. Each
share Of bck shall entlti" the holder thereof
4, one vote in each stock holders meeting eth
~ ia person or by proxy. The corporation may
r1nmerc, business as 81, ! "a twenty live thuus-
aud dolls r. lS2jts0 uui 81 its capital stock Is
-lh-cribe and actually paid IN.
NECrIoS 4 The management uf tie corpora
ion shall he coufidcd 10 board of directors Ia
consist 81 tive or more members. each To be the
owner in III, own right of at least one share Of
the capital stock majority OF whom shall
constitute a quorum for the transaction ol bust
mess. SAID board of directors shall. by proper
bylaws tx the number of other officers and
I'm ploye of the bank and prescribe the duties.
salaries and tenure of such officers, and all such
officers ard employees shall be elected or en-
f,ioyed by said board Of directors. member
~ the bot ri 81 directors may hold any other of
irc in tia bank. said board shall provide for
lie givine 81 proper bonds ny the other officers
80 the b nh. aud may make and adopt such
ru4aS. regulations and by laws tor the govern
mrnt of said bank and the transaction OF the
business thereof a. may be eGpedlent or nec"S-
-lry 10 better carry out the objects OF tire cor.
forntion or to further its interests. provided
they Go nothing ia violation of this charter. ~
~ the Laws and constitution Of the State or the
United States.
rec tors shall be elected annually by the stock
holders al the bank at a stockholders meeting.
= "A time aud place to b. fixed 10y the bylaws
of the company. IA the manner prescribed by
tur constitution aud laws Of the state. ana
each member So elected shall hold his Office for
oue year nd until his successor j. duly elected
aud qualified. excepi III cases OF removal from
office or resignation
SECTION Il. Ia all stockholders' meetings a
ma iority Of the capital stock. represented by
tii. stockholders or proxies, shall constitute "A
quorum for the transact ON Of business or for
IA. election of directors. aud no such business
shall be t-ausacted. and % such election shall
ls held without Such ouorum The stock hold-
er. may provide the mode uf voting hy proxy.
ard every ockholder shall have the right 10
vote ia person or ny proxy. ana according t.
IA, State
slclIos : said corporation being pr siol..
IS organized a. a hank may. al ANY time 10 may
ch s.~- ". resolution Of "a. board - directors
Sfirrad upon it, minutes. Increase it. capita
:. Ok To IA amount requi ed by chapter 3 acts
t-a1 and a the requisite amount D.
"a III in. j may couple with the odd nary hu>i-
nrss of babking. the business Of q safc-ieposit-
rust. AMI guaranty company. and When or
,a1iz.d and employed in such capacity IL shall
have All tie rights. privileges and powers con
ferr-si hy chapter 30 acts i>7 aforesaid. togetl-
,.r with an th.. incidental rights and privileges
ma .eS$are TO execute the powers duties and
trusts therein conferred. A. trust and guar
~ zee con pany said corporation shall have the
rteht Ia l-IIar.ntec the bonds and mortgages of
other pcrsofI< or guurantec tho title to realizes
"a. al Tor CONSIDERATION ~ DC upon
bg the pa ties.
SEcrIos : A. a safe deposit and trust com
pany said corporation may construct and wn
vault with receptaclcs for yaluables ot all
kinds which IL may lease ssr rent ON terms To be
coutracted for By and with it customers, with
q d, la any manner being liable Tor the los
theft 81 any bonds. paTcr-, lewelry, or other
chatt0lS - ~ iuah therein deposited by the
tn essees Of said vault Of whatever descrir-
.Ion.
But ia shall have the POWER 10 take ard re-
ceive and deposit specially IA bailee or pledl,ee
p.uclry. money. bonds. valuable pal ers or 9th
cr valuab e. of ans de>cri ption whatever upon
u couss. ation 10 he agr Ell upon.
SEcTIo,' =. The incorf prators. or those rep
res-nting majority OF the capital stock sub
scr bed. uay without notice. meet at such time
AMI place a. they wish and organize under this
charter. And spreading the same on the min
utns Of the stockholders meeting shall be evil
dence of its acceptance b. them.
SECTfos ~. Sad corporation shall have all
the powers and privileges Of chapter -. Cole
of Mississippi, of l,s2, and the acts amendatory
thereof. whether the sams shall be- specifically
enumera ted herein or not.
March !, 1904 lmchiSw)