Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-12

Greater INC llDoIIy.s --0dCp0E &MA80.
zine.
ARTICLES or INCORPORATION or
THE eEcURlTY SAVINGS BANK,
OF MARSHALLToMN, IOWA.
| The persons whose names are sub
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 a corporation un.
der Chapter Of Title TX Of the Code OF
! Iowa, and adopt the following articles
Of Incorporation for the government OF
such association:
ARTICLE I.
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 tho business
to be transacted by this corporation
shall be general banking business.
conducted and carried on under the
provisions OF Chapters 10 and IL, Title
Of the Code Of Iowa and acts OF the
Legislature amendatory thereto: and to
that end 1t shall have power to have
perpetual succession; to sue and be
sued by it's corporate name: to have q
common seal, which 1t 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 tSuS-
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
12-a, 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 III.
Capital Stock.
shall be Fifty Thousand Dollars $780,
OF one hundred dollars ($1cO) each, and
shall be fully paid before the corpora
ton begins the transaction OF Its busi-
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 Of business
when a certificate OF the auditor OF
state shall have been issued authorize
ing it to do SO. Its 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 COM
formity with the articles OF incorpor-
alton and in accordance with the pro-
visions of the statute.
ARTLCLE ".
Board Of Directors and Officers.
Section l. The affairs Of this corpor-.
alton shall be conducted and managed
by board Of nine directors, who shall
be elected from the shareholders at the
annual meeting Of the corporation, and
shall hold Office for the term Of ono
year, and until their successors are
elected and qualified and have accepted
office.
Sec. 2. Any vacancy in the board Of
directors shall be nlled by the remain
ing members Of the board, and the per-
sons so appointed shall hold Office until
the next annual meeting Of the stock
holders. ~
Sec. 5. The board OF directors shall
elect president and vice president
from it's members. and shall also elect
a cashier from the stockholders, who
may or may not be a member OF the
board of directors. and who shall also
act as secretary Of the corporation. 1t
may also elect and employ such other
officers and clerks az may be necessary
to the transaction Of its business, and
shall fix the compensation Of all Off
GERS and employees.
ARTICLD vi.
Annual and Special Meetings Of the
Stockholders.
Section I. The annual meeting Of the
stockholders shall be held At the Office
Of the corporation on the first Tues
day after the. hrst Monday Of June Of
each year, BEGINNING with the year
1916, at which time the stockholders
shall elect q board Of directors and
transact such other business rs may
lawfully come before them.
Sec. 2. Special meetings Of the
stockholders may be called by the pres
ident. vice president, or by majority
of the members Of the board Of direc-
tors. or by the holder or holders Of =
~ %t1A akrANHr, ~. ttSA e0VVANAA.