The commonwealth. (Greenwood, Miss.) 1896-1923, 1905-04-22
The Charter Of Incorporation Of The
Planters Bank.


/. Rowan Thayer, r. T. Jones, F. r.
Austin, their associates and Successors,
are hereby created a body corporate
with the corporate name of The Plant
ers Bank and as such shall have sue
cession for a period of fifty years.
2. The domicile of said corporation
shall be Schiater. Leiore County, Miss
issippi.
3. Said corporation is created for the
purpose of conducting a general banking
business; it is authorized and en-
powered to loan and borrow money and
to give and take security therefor on all
kinds of property, endorsements, COL
lateral or personal security Or in any
other Manner; to receive deposits, to
discount and negotiate drafts, promis-
sorry notes, bills Of exchange and other
evidences Of debt; to buy and sell ex-
change, coin and bullion; to construct
and maintain safety deposit vaults for
others and charge and receive compen-
sation for the use thereof; to buy. own,
hold, sell or otherwise deal in all kinds of
bonds, negotiable instruments and all
chooses in action of whatsoever nature;
to acquire, hold and dispose of any and
all kinds of property by it deemed nee
essary or proper for the conduct of it's
business; to act as agent for others in
the negotiation, purchase and sale OF Sc
c%urities and chooses in action Of all
kinds and of all other property both real
and personal and in general to do any
and all things necessary or incident to
the purpose of it's creation or proper or
convenient for the management of its
said business and welfare Of the said cor
poration and said corporation shall
have, enjoy and exercise all the rights,
powers and privileges created or con-
ferred by Chapter % of the Annotated
Code of 1892 of the State of Mississippi
and of the Acts of the Legislature Of
said state ammendatory thereof or sup
Elementary thereto.
4. The capital stock of said corpor-
alton shall be 500, 10000 divided into
shares of $4,000 each.
). At any time after $25, 100000 has
been subscribed, the said corporation
may organize at a meeting to be called
for that purpose, by notices, in writing,
signed by one or more Of the above
named parties and mailed or delivered
to each of the subscribers not less than
two days before the time designated for
said meeting and after 20 per cent of the
sum subscribed has been paid in, the said
corporation may begin business.
6. The said corporation may, by a
majority vote of stock holders at any
regular Or special meeting thereof adopt
bylaws for the government Of said cor
poration, fixing the time and manner Of
calling, holding and conducting both
regular and special meetings of stock
holders and directors; determining the
the duties and scope of authority of the
directors and of all officers elected by the
stockholders and directors or appoint
ed by the cashier and president; and any
and all other bylaws necessary or prop
err for the welfare Or convenience O
said corporation not contrary to law.
Z. Said corporation shall have
board Of directors consisting of not les:
than five nor more than seven members
to be fixed by the bylaws. The sale
corporation and shall be elected an
nually by stockholders of said cor
poration. The management and con
troll Of the business and the affairs o
said corporation shall be vested in sait
board of directors, who may, subjec
only to the bylaws Of said corporation
exercise any and all powers conferred
upon said corporation and, except whel
otherwise provided by law Or by bylaw
of said corporation, may exercise tn
same as fully and completely as might
stakeholder of said corporation.
s. Said board of directors shall an
nually elect a president and vice-presi
dent and cashier, all Of which said OF
ficers and directors shall hold office un
til their Successors are elected. Al
other officers, agents, and employees c
said corporation shall be appointed b
and hold office at the will of the cashier
with the approval and consent of tn
president.
8 There shall be a lien in favor {
said corporation upon the corporal
stock of each stakeholder to secure tn
payment of any and all Indebtedness {
such stakeholder to said corporatio
without regard to time when same wa
contracted or when due and no sue
stock shall be transferred until all il
debtedness of such stakeholder to sal
corporation shall nave been paid in full
The said lien may be waived at any tim
by written endorsement, signed by til