Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1913-12-10
ARTICLE l.

ARTICLE 1.
NAME AND PLACE OF BUSINESS.
The name of the corporation shall
be Citizens Savings Bank" and its
place of business shall be in the City
| of DEBORAH, County of Winneshiek
and State of Iowa.
ARTICLE II.
BUSINESS.
The general nature of the business
to be transacted by this corporation
shall be a general banking business,
conducted and carried on under the
provisions of Chapters 10 and II
Title TX of the Code of Iowa and
acts of the Legislature amendatory
+, thereto; and to that end it shall
have power to have perpetual sue
cession; to sue and be sued by its
corporate name; to have a common
seal, which it may alter at pleasure;
to receive deposits; to discount notes,
bills and other securities; to buy and
sell exchange, bonds, notes, mortga-
ges, gold and silver; to loan money;
to act as receiver, assignee, guardi-
an, administrator, or other trustee,
when appointed by will or by any
court of record in this state; to act
as fiscal or transfer agents, or regis
trar for estates, municipalities, COM
panies or corporations; to take, ac-
cept and execute any and all such
trusts and powers whatsoever char
acter and description, not in con-
fiict with the laws of the United
States or of the state of Iowa, as
provided by Chapter 1852 laws of the
35th General Assembly.
ARTICLE III.
CAPITAL STOCK.
The capital stock of this corpor-
alton shall be Fifty-thousand dol
lars ($5O,O00.00), and shall be di.
vided into shares of one-hundred dol
lars ($1O0) each, and shall be fully
paid before the corporation begins
the transaction of its business.
ARTICLE Nv.
DURATION.
The corporate period of this cor
poration will expire on the 18th
day of January, 1914, and is hereby
extended, under this renewal, for a
further period of Fifty years; and
the corporation may continue the
i ~ ohooStAOu UuSlucSS WuGu CCl
tificate of the Auditor of State shall
have been issued authorizing 1t to
do so. Its corporate existence may
be terminated at any time by three.
fourths vote of the stockholders al
any regular or special meeting call
ed for that purpose, In conformity
with the articles Of incorporation
and In accordance with the provi'
sions of the statute.
ARTICLE ".
Board of Directors and Officers.
Section 1.-The affairs of this cor.
pOration shall be conducted and
managed by a board of Five direc.
tors, who shall be elected from the
shareholders at the annual meeting
or the corporation, and shall hold
ONCE for the term of one year, and
until their successors are elected
and qualified and have accepted Of
flee.
Section Amy vacancy in the
board OF directors shall be filled by
the remaining members of the
BOARD, and the persons so appointed
snail hold Office until the next an
nual meeting of the stockholders.
Section 3.-The board of directors
snail elect a president and vice-pres.
ident from It's members and shall
also elect a cashier from the stock.
holders, who may or may not be q
member or the board of directors
and who shall also act as secretary
OF the corporation. 1t may also elect
ana employ such other officers and
clerks as may be necessary to the
transaction of its business. and shall