The Kemper herald. (Scooba, Miss.) 1875-1908, 1906-08-02
State Of Mississippi.
Charter Of Incorporation.
The POrterviIle
Bank 6 Trust Company.

Henry Hall, W. F. Rogers and
their associates and successors,
are hereby constituted and incor-
porated a body polltic and cor
porate under the name and style
of "TnE PoRTERvILLE BANK AND
TRUST COMPANY, with the right
of succession for the period of
Fifty years, and by that name 1t
may sue and be sued, plead and
be implicated, contract and be
contracted with, and may haye a
corporate seal and alter the same
at pleasure.
SEC 2. The capital stock OF
said corporation shall be Twenty
five Thousand Dollars $780,
000. 00) divided into two hundred
and fifty shares OF One Hundred
Dollars ($100.00) each, but said
capital stock may be increased
by amendment OF the Charter as
provided by law. The said cor
poration may begin business
when Ten Thousand Dollars
($10, 00) has been subscribed
and paid for. Any number OF
shares may BIS included in one
certificate.
SEC. 3. The said corporation
shall have all the general powers
incident to corporations OF like
character, in addition to the spe-
cial power and authority grant
ed, to-wit:
1st. 1t may buy, sell, own,
improve, use, rent, hire, mort
gage, pledge, or hypothecate real
or personal property in it's own
right and on it's own behalf.
End. Borrow and lend money
on such security and terms as it
may think proper; own, bny,
sell, mortgage, hypothecate and
hold notes, bills of exchange
chooses in action, bonds, and other
security of every kind and de-
scription, for and on its own be-
hall and on agreed terms.
3rd. AS agents or attorneys
for others, buy and sell, manage,
control, improve, repair, rent and
lease real estate. or any interest
therein, or right pertaining there
TO, negotiate for other loans, dis
counts, sales, purchases of notes
or bills Of exchange, with or
without security, OF any kind
whatever, negotiate, buy, sell,
pledge, mortgage, or hypothe-
cate, as attorney in tact. or agent
of others or itself, personal prop
erty of every kind and descrip
ton, chooses in action, and rights
of every kind. bonds, and other
securities, upon especially agreed
terms.
4th. To act as trustee under
any assignment or deed of trust,
by appointment OF any person,
corporation or court, or other
authority, with or without bond,
as may be required under snch
appointment upon such terms,
and for such compensation4as
may DO agreed upon or as may
be allowed by the court.
5th. To receive or deposit any
money, property or security,
mortgage or pledge. subject to
the terms of such pledge or mort
gage or otherwise, and to issue
certificates evidencing such de-
posit.
9th. To receive money on de-
post and issue certificates there
Tor, with or without interest.
7th. Become security upon any
indemnity bond, supersedus
bond, peace bond, attachment
bond, repleving bond, appearance
bond, and any and all peace
bonds, administrators bond, guar
dams bond, trustees and assign
ees bond, receivers bond, and up
on other bonds OF every kind and
description, required or author
lied to be given in connection
with any legal proceedings pen
ding Or to be instituted in any
court whatever.
9th. Be appointed and quail
fed as and exercise all the pow
ers and perform all the duties, OF
administrators, executors, guar
dams, trustees, receivers, or any
other judiciary Office to which it
may be appointed by the order
of the court or by any person,
by will, or other instrument.
9th. May discount promisory
notes, bills of exchange or other
evidence of debt, buy aud sell
the same, deal in gold, silver, bul
lions, bonds, stocks. or other
securities generally.
10Th. 1t shall have and exer-
else all the powers and perform
all the duties and do every act
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