Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-08-02
ARTICLES OF INCORPORATION OF
THE SECURITY SAVINGS BANK,
OF MARSHAllTOWN,I IOWA.

The persons whose names are SUD-
scribed hereto. and all other persons
who shall become stockholders OF this
corporation, hereby associate them
selves together as body corporate and
organize and create corporation I'M
der CHAPTER ! OF Title TX OF the Code OF
Iowa, and adopt the following articles
OF incorporation for the government OF
such association:
ARTICLE l.
Name and Place OF Business.
The name OF the corporation shall
be Security Savings Bank" and Its
place of business shall be in the city
OF Marshalltown, county OF Marshall
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
9 of the Code of Iowa and acts OF the
legislature amendatory thereto; and to
that end it shall have power to have
perpetual succession; to sue and 20
sued BY its corporate name; TO have
common seal which It may alter at
pleasure: to receive deposits: to dis
count notes, bills and other securities;
TO buy and sell exchange, bonds. notes,
mortgages. gold and silver: to loan
money: to act as receiver, assignee,
guardian, administrator, or other ti.s.
tee. when appointed by will or by any
court of record in this state; to act as
fiscal agent or transfer agent. or regis
trar for estates, municipalities. COM
panies or corporations; to take. accept
and execute any and all such trusts
and powers of whatsoever character
and description, not in conflict with the
laws OF the United States or OF the
state of Iowa, as provided by Chapter
ia, Supplement to the Code, 1913;
and this corporation assumes and takes
| to itself all and singular the powers
conferred upon banks by the laws OF
| Iowa, and accepts all the duties and
| obligations imposed thereby.
ARTICLE Ill.
Capital Stock.
| The capital stock of this corporation
i shall be Fifty Thousand Dollars $3.50,
oO0), and shall be divided into shares
| of one hundred dollars $1,000 each. and
shall be fully paid before the corpora
ton begins the transaction Of its bust
| ness.
ARTICLE ".
Duration.
The existence of this corporation
shall begin on the date the secretary
| of state issues his certificate of incor'
poration. and shall continue fifty years
thereafter; and the corporation may
commence the transaction o, bushes:
when a certificate of the auditor O
state shall have been issued authorize
ing it to do so. It's corporate exis-
tence may be terminated at any time
by a three fourths vote Of the stock.
holders at any regular or special meet.
ing called for that purpose. in con
formity with the articles Of incorpor'
alton and in accordance with the pro
| visions of the statute.
ARTICLE ".
/ Board OF Directors and Officers.
Section 1. The affairs of this corpor
alton shall be conducted and managed
by board OF nine directors, who shall
lbe elected from the shareholders at tn
annual meeting Of the corporation. an,
shall hold Office for the term Of on
year, and until their successors ar
elected and qualified and have accepte,
office.
Sec. 2. Any vacancy In the board o
directors shall be filed by the remain
ing members OF the board. and the per
sons SO appointed shall hold office unit
the next annual meeting Of the stock
holders.
Sec. 3. The board OF directors shal
. elect a president and vice presiden
from it's members, and shall also cleo
J a cashier from the stockholders. VIII
may or may not be q member of tn
board Of directors. and who shall ais
act as secretary Of the corporation.
may also elect and employ such othe
: officers and clerks ~ max be necessar
/ | to the transaction Of Its business, n,
shall fix the compensation Of all on
Gers and employees.
ARTICLE VI
: Annual and Special Meetings Of. Il
: Stockholders.
Section !. The annual meeting Of Il