The Ocean Springs progress. (Ocean Springs, Miss.) 1905-1905, 1905-03-11
CH.4R7'ER or NCORPORI-
TION or THE .OCE.l.N
SPRINGS STATE B.I,A'K.

Be it known that OH this the goth day o
Januar, A. D.. 1905, O. l.. Bailey, Geo i
Arndt, H. +. Russell, F.sM. Weed. w T
Ames, J. 0. White, G. L, Friar Joseph
Kotzun, MIS-. Rosa Sigerson, Sidney An
erson. A. l.. Staples, n. Seymour & Son
+. Schmidt J. O'Keeie. J. d. Minor, +. w
Hing, Furry & O'Neal, II. c. McGowan
O. Switzer, T.. +. Clement, Mrs. Hanna
| Johnson. Mrs. NJ. V. RUSSELL Mrs. A. l..
Benjimar, Chas y. Pabst, Grey Voting and
associates, by virtue Of the provision OF
| Chapter Twenty FIVE (25) of the Annotated
| Code of Mississippi, and the acts amenda :
tory thereof, do hereby found and orga-
nize a corporation for the objects and pur-
poses hereinafter enumerated and to that
| end and purposes they do by these pres
ents, with the approval ofsthe Governor Of
the State OF Mississippi form and CON
stitute themselves and all such other per-
sons as may hereafter become assuefdted
with them whether by subscription, pur-
chase or otherwise, into body polite and
corporate in law under the following
articles of the Charter of said corporation,
to wit:
ARTICLE IsT. The name and s:yle of
this corporation shall be the OCEAN
SPRINGS STATE BANK, and in that
name it shall exist for fifty years from the
date of the approval IF this Charter, and
may by purchase or otherwise acquire,
have, hold and en- joy such real and per
sonal property as may be required for the
purposes for which this organization is
formed, not to exceed however the limit
fixed by the laws ofthe State of Missis-
sipp, for corporations of this character,
and shall in addition possess all the rights,
powers and privileges which corporations
under the general laws ofthe State OF Mis-
sissippi are authorized to exercise or
possess.
ARTICLE 2ND. The domicle OF this cor
'poration shall be at Ocean Springs, Jack
son County, Mississippi
ARTICLE 5RD. The capital stock Of this
corporation is hereby fixed at Fifteen
Thousand Dollars ISIS, ooo .oo), divided into
Three Hundred shares OF Fifty Dollars
$50. oo) each but may al any time be in
creased to Twenty five Thousand (S25.
600 oo) Dollars, by vote OF he majority OF
shall be approved the said o. l.. Bailey, A.
l.. Staples, II. f. RUSSELL F. NJ. Weed, w.
T. Ames, ]. o. Whittle, G. l.. Friar, Joseph
Kotzum, Mrs. Rosa Sigerson, Sidney An
derson, Geo. +. Arndt, n. Seymour & Son
f. Schmidt, ]. O'Keefe, ]. ID. Miner, +. w
Hing, Furry & O'Neal, II. G. MCGOWAN,
o. Switzer, Z. T.. Clement, Mrs. Hanna
Johnson, Mrs. NJ. V. Russell, Mrs. A. l..
Benjiman, Chas. +. Pabst, Grey Young
and associates. shall at the domicle of the
corporation open books of subscription to
the stock of said bank, and when Ten
Thousand $50 900 oo) Dollars shall have
been subscribed a meeting of such sub
scribers and stockholders shall be called
of which meeting the said subscribers to
stock or stockholders shall elect Seven
Directors of said bank, each of whom shall
be the owner of at least one share of the p!
stock of said bank, TO serve as such until |
the first Monday in January A. D., 1000.
ARTICLE 4TH. The objects and purposes
of this corporation are hereby declared to |
be to receive and safely keep moneys left |
OH deposit and to pay the same to the
depositor on demand, the buying OF |
domestic and foreign exchange for profit |
and discount, bills, notes and other com
mercial paper, to lend money at lawful |
rates of interest and to do a geneal bank
ing business,
ARTICLE 5TH. The corporate powers of
this corporation shall be vested in Board
of Seven Directors, each of whom shall
be stockholder in said Bank who shall
be elected by the stockholders within
thirty days after the approval of this char
ter, and on the first Monday in January
A. D., 1000. and annually thereafter on the
first Monday in January of each year.
Elections shall be by ballot and each
stock holder shall be entitled 10 one vote
for each share OF stock held by him TO be
cast by his written proxy. The Board OF
Directors at their first meeting and an
nually thereafter following every election
Of stockholders shall organize by electiug
a President, a Vice President, Cashier
and an Assistant Cashier provided that the
officers OF Cashier and Assistant Cashier
may be held by persons who are not Direc-
ors of said Rank