The leader., 1905-06-28
CHARTER OF INCORPORATION
Of Planters Bank, BOgue chitto
Mississippi.

SECTION 1.-Be it remembered that D. G.
CoNEY, DAN BoLIAN. FRANK CONVERSE
AND B. E. BRIsTER and those hereafter asso.
eiated with them and their successors, are here
by constituted body polite and corporate
under the name and style of PLANTERS BANK
and by that name may sue and be sued, plea
ty, and have common seal; may contract and
be contracted with may acquire, hold alien,
cucumber and otherwise dispose of property
both real and personal, necessary for the trans
action of its business, and shall possess and en-
joy all powers, rights and privileges of such
corporations prescribed by Chapter Twenty-Five
(25) of the Annotated Code OF Mississippi 1892
and the amendments thereto. The dOmicile o1
said corporation shall be Bogue Ghitto, State Of
Mississippi.
SECTION 2.-This corporation is hereby au
thorized to carry on a general banking business
including both the business of discount and de
poSit, and a savings bank with all of the powers
express or implied thereto; to receive and hold
on deposit and in trust, and as a security rea
estate and personal property, including notes
bonds, obligations, mortgages, chooses in action
OF individuals, corporations, municipalities
states and United States. and the same to pur-
chase, collect, adjust, supply, sell and dispose
of, with or without its guaranty or endorsement;
to receive and loan money on pledges and Securi
ties Of all kinds, real or personals to act as loan
broker, and as agent for the negotiation of loans
for any individuals or corporation, and to charge
such compensation or commissions as may be
agreed upon.
SECTION sS.-The capital stock of said corpor-
alton shall be Ten thousand d0llars($l0 O0O), and
may be increased by resolution OF the stock
holders to Thirty thousand dollars 1890 0O0), and
the stock shall be divided into shares of One
Hundred dollars tS100l each. The corporation
may commence business when Five Thousand
dollars 5000 of the stock has been subscribed
and paid in. The stockholders shall not be liable
for any amount exceeding the unpaid portion
Of the par value of the stock subscribed by them
respectively.
SECTION 4.-The management of the corpO.
ration shall be confided to a board of directors
to consist of three or more members, of whom a
majority shall be a quorum to transact business
Members of the board of directors shall all be
stockholders, and shall be elected annually by
the stockholders.
SECTION 5.-When any debt due the corpora.
tion shall be secured by the deposit of eollater
esSary to sell or dispose of the securities to pay
the debts due the corporation, it shall be unlaw-
ful for any 0f1cer or employee of the bank, OF
member of the board of directors, to pay the
debt so secured to the corporation, and directly
or indirectly appropriate the securities to his
individual use and profits; but such securities
shall be sold and disposed of solely for the use
benefit and profit OF the corporation.
SECTION 6.-The board of directors shall
have power, by proper bylaws, to fix the mum
Der of officers of the bank, and to make, adopt
and alter such rules and regulations for the
election of officers and the government of the
business of the bank as they may deem proper
provided such bylaws, rules and regulations
shall not be In conflict with the provisions of thi:
charter, the laws and constitution of MiSSsSSip-
pi, or of the United States.
SECTION. THE incorporatOrS, or a majority
of them, may meet at such time and place as
they wish and organize under this charter.
d. G. C0NEY EFT AL.