The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1908-09-04

p0sociation. waive such notice and fix ~
p1me and place OF the meeting. no notice
mall be required. Al such first meeting.
or At any adjournment thereof. the incor-
Porators shall organize by the choice OF
, temporary secretary. by the adoption OF
bylaws. and by the election. in such
manner as the bylaws may determine. Of
trustees. president secretary. and
such other officers as the bylaws may
prescribe Al the officers so elected shall
be sworn 10 the faithful performance Of
their cut!es. The temporary secretary
shall maze and attest a record OF the pro-
ceedings un,il the secretary has been
chosen AID sworn. including a record Of
such choice and qualification
Sec. Il. The president and a majority OF
fhe trustees who are elected al such first
meeting shall make, sign. and make oath
20 a certificate setting forth:
(a) true copy OF the agreement OF as
eociation, the names Of the subscribers
Ahereto. and the name. residence and
post-of.ice address of each OF the officers
or the company.
b) The date Of the first meeting and
Ahe successive adjournments thereof. II
any.
Such certificate shall be submitted to
Ahe board Of bank Incorporation. together
with the records OF the said nrst meeting.
And such board shall examine the same.
and may require such amendment thereof
or such additional information as IL may
certificate and records conform 10 the
provisions Of the preceding sections rela-
Give TO the organization OF the corporation
and TO the provisions OF this act. and that
the provisions OF section fifteen have been
complied with, and that public conven-
1ence and advantage will be promoted by
the establishment OF said savings bank.
each member OF said board shall so certi-
fy, and endorse his approval on said GER
tifcate, and shall file copy OF the same.
AAas1 a Hha.r nfN Ia I'D .( b.a
said first meeting, with the bank commits
eiener Thereupon the certificate shall be
filed in the Office OF the secretary OF state.
who shall cause the same with the en-
dorsement thereon to be recorded. and
shall thereupon issue his certificate. under
the seal OF the state, substantially In the
following form
STATE OF RHODE ISLAND AND
PROVIDENCE PLANTATIONS.
Be IL Known, That Whereas Che names
OF the subscribers TO the agreement OF as
eociation) have associated themselves for
the purpose Of forming a corporation un-
der the name Of Uhe name OF the corpo-
ration), for the purpose Che purpose de-
clared in the agreement Of association.
and have complied with the provisions OF
the statutes Of this state in such case
made and provided as appears from the
certificate OF organization OF said corpora
zion duly approved by the board OF bank
Incorporation and recorded in this Office
Now, Therefore, ] (the name OF the sec
fetary), secretary OF state OF the State or
Rhode Island. do hereby certify that said
kthe names OF the subscribers to the
and successors, are legally organized and
established as and are hereby made, an
existing corporation for the purpose afore-
said Under the name Of (name OF the cor
poration), with the powers. rights and
privileges, and subject TO the liabilities,
duties, and restrictions, which by law ap'
pertain thereto
Witness my Official signature hereunto
subscribed and the seal Of the State OF
Rhode Island hereunto affixed, this
day Of in the year
Sec. Is. Any savings bank may estab-
tish branch or branches within this
state at any other place than its principal
place OF business upon obtaining the con-
sent Of the board Of bank Incorporation
thereto Said board OF bank ncorpora-
tion shall. before giving such consent. re-
Quire that notice OF such intention TO
establish a branch or branches OF said
savings bank shall be given for the same
period OF time and in the same manner,
and hearing had thereon, as Is provided
in the case Of Incorporation Of savings
banks In section fifteen OF this act: and IL
said board Of bank incorporation shall de-
eide that public convenience and advan-
tage will be promoted by the establish
ment OF such branch or branches IL shall.
tifcate to that eject, a copy Of which
shall be fled with the bank commission
er, and thereupon said branch or branches
may begin the transaction OF business. II
said board refuses 10 issue such certif-
cate, no further proceedings shall be had.
but the application may be renewed after
one year from the date Of such refusal. in
which case notice OF a public hearing
thereon shall be published as hereinbefore
provided.
Sec. 10. The records OF the first meeting
Of the subscribers TO the articles OF agree
ment shall become and be taken as the
records of the first meeting of such corpo-
ration. The annual meeting of such cor.
poration shall be held at such time as the
bylaws or act OF incorporation direct.
Special meetings may be held by order OF
It's trustees: and its clerk shall call spe-
cial meetings upon request in writing OF
ten members of the corporation. Notice
OF all meetings shall be given by mailing
TO each corporator, at least seven days
before such meeting, written or printed
notice thereof A quorum shall consist OF
q number OF corporators equal TO not less
than three fourths the number of trustees
and the names Of those present at meet
lngs shall be entered in the records OF the
corporation.
Sec. 70. Such corporation may at a legal
meeting. elect by ballot any citizen OF this
state to be a member thereof: and any
person may, at an annual meeting. cease
10 be member, IL. at least three days be-
fore such meeting. he has filed with the
clerk a written notice of his intention so
to do. II a member fails TO attend two
consecutive annual meetings his member
ship may. by vote OF the corporation at
Its next annual meeting. be declared for
feited. Such action\ and vote recorded
shall be evidence OF forfeiture OF member
ship No person shall continue to be a
member after removing from this state
Sec. Il. The officers Of such corporation
shall be a president. one or more vice
presidents, a board OF investment OF not
less than three members. and not less
than nine trustees. Of which the officers
hereinbefore named. including the board
Of investment, shall be members. a treas
urer. a clerk, and such other officers
II may find necessary for the manage
ment OF its affairs. All officers shall be
sworn 10 the faithful performance OF
their duties and shall hold their several
officers until others are elected. or ap-
pointed, and qualified in their stead. The
trustees shall be elected from the cor
porators. and no person shall hold an
Office In two such corporations at the
same time ONLY one Of the persons hold