Alma record. (Alma, Mich.) 1878-1928, 1906-03-30
THE RULES AND REGULATIONS
Savings Bank Department of the First
state Bank of Alma, Michigan.

1. All deposits shall be in funds
taken at par by other banks in the state
and all payments shall be made in like
funds.
g. Deposits of one dollar and upward
shall be received.
3. All deposits shall be entered in the
books of the bank and book shall be
given to each depositor in which every
deposit shall be entered and the same
shall be the voucher and evidence of such
deposit.
A. In making the first deposit each
savings depositor shall be required to
subscribe his or her name and residence
to a signature card of the bank, thereby
signifying his or her assent to the rules
and regulations of the bank.
5. Interest shall be paid on savings
deposits which remain on deposit three
calendar months or more, at the rate of
three per cent. per annum, payable semi
annually. Deposits made on or before
the 9Th day of any month, shall draw
interest from the first day of that month;
those made after the 9Th day of the
month, from the first day of the next
succeeding month. But no interest shall
be allowed or paid on fractional parts of
a dollar nor for any fraction of a month.
6. Interest shall be credited as of the
first days of June and December in each
year on savings deposits then in the
bank but shall not be subject to with
drawal by the depositor until the 10th
day of said months respectively. Inter-
est not withdrawn shall be added to the
principal of the deposit and shall itself
draw interest from the first day of the
month in which it became payable.
z. Deposits or interest may be with
drawn by the depositor personally or by
any person duly authorized by him in
writing, but no depositor shall receive
any part of his principal or interest with
out presenting his deposit book that the
payment may be entered therein.
8. This bank may in all cases require
not exceeding ninety days notice IN
writing before q depositor will be en-
titled to withdraw deposit, but such
notice shall be required only when it is
deemed necessary for the protection Of
the bank or the interests of the deposi-
tors. No such notice of an intention to
draw money shall hold good for more
than ten days after the expiration OF the
time for which it was given.
8. The directors or cashier may refuse
to receive any deposits offered and may
return the whole or any part of the de-
posits whenever they may deem it ex-
pedient.
10. Money may be deposited by any
person for the benefit of minor or other
person, subject either to the order of the
person making the deposit or of the per-
son for whom the deposit is made OF to
the order of both persons as may be
stipulated when account is opened; in
other cases money deposited by minors
shall be subject to be drawn by them,
the same and with like effect as if they
were of age and their receipts shall be
equally conclusive
IL. All accounts to which no deposit
and on which no draft is made for ten
successive years, shall, except in cases
of special agreement to the contrary, be
closed and shall draw no interest after
the expiration of such ten years from
the time of the last deposit or draft.
~. The officers of the bank will do
all in their power to prevent fraud, yet
being unable to identify every depositor
all payments made to persons producing
the deposit books or duplicates thereof
shall be deemed good and valid pay
nents to the depositers respectively.
-. The directors may from time to
lime alter, change or add to these rules
and regulations and all such changes,
or amendments shall be bind ,
ing upon all depositors after notice to I
them as hereinafter provided. i!
IL. Notice from this bank to its saw !
ngs depositors may be given by pub
fishing the same in one or more of the
public newspapers published in Alma,
Mich, two successive weeks and all such
notices SO given shall be legal notices to
such depositor.