The Brinkley argus., 1915-09-24
THE BRINklEY HIGH
 SCHOOL BANK PLAN.

tion of the Brinkley School Bank:
 PROPOSED BYLAWS The Brinkley High School Savings Bank, Brink ley. Arkansas.
 l. The Institution shall be known as the Brink ley High School Savings Bank.
 ?. It's Motto shall be: (to be selected). 8. Its purpose: To train the boys and girls of the public schools of Brinkley in the consistent saving and wise expenditure of money to encour- age them in the daily practice of thrift and econ- omy and to acquaint them with the common busi- ness and commercial law
 4. The bank shall be for the exclusive use or the students enrolled in the public schools or Brinkley. provided that an account may be open ed for any child under school age who IS pros- pective pupil of the school
 CAPITAL STOCK.
 l. The capital stock is limited to $5O0.0O 9. Stock shall be sold at Sl.O0 per share and no pupil shall at any time hold more than ten shares 3. When any pupil acquires net balance or Sl0O he may request that certificate of stock to that amount be issued to him and the Directors may order same to be issued if the applicant IS qualified, provided the limit of s500.0O has not been reached.
 4. The bank shall at all times sell stock at par.
 5. Upon leaving school permanently any hold CT of certificates of stock must dispose Of ms stock. The bank must at all times stand ready to redeem stock at par but such stock may be trans ferred when approved by the Directors.
 6. Until further notice dividend of six per cent shall be paid per annum to the stock-hoid- CTS. Providing same is earned.
 DEPOSITS AND DEPOSTTORS.
 I. Any pupil may start account with the bank upon the deposit of twenty five cents He may afterward deposit any amount from one cent upward
 2. Upon opening account at the bank each pupil (depositor) shall be provided with pass book which shall be presented each time de- posit is made.
 B. Each depositor in and above the second grade shall present to the Cashier when depos- it is made a deposit slip neatly and correctly made out.
 4 Pupils are not encouraged to deposit large amounts at one time, 5. Until further notice each depositor shall be given four per cent per annum on any account which averages s1.O more for the year next proceeding the last dividend.
 CHECKING.
 1, No parent or guardian shall withdraw the money without the consent of the child, the child FREELY consenting.
 g. A record shall be kept by the Cashier of the courses of the withdrawals and far as possible the way the money expended.
 OFFICERS.
 1. The officers of the bank shall consist of a President, Cashier Assistant Cashier and Book keeper and six Directors.
 g. The directors shall be chosen for term of one year by the stockholders.
 B. The Directors shall be chosen from the stock holders of the bank and no stock-holder shall be eligible to become Director unless he shall have three more shares of stock.
 4. The Directors shall elect from among the stock holders Cashier and an Assistant Cashier f ,r term of one year. ELECTION OF OFFICERS AND MEETINGS l. The annual meeting of the stockholders shall be the First Monday in Oct. of each year at the Brinkley Public School Building at 3:30 p. m. o'clock.
 2. It shall be the duty of the stock holders at this meeting to elect the Directors for the ensl- ing year and transact such other business may come before them.
 g. Immediately following the stockholders meeting the newly elected Directors shall meet and elect from among themselves President who shall serve until his successor is elected. 4. The Directors shall meet at lesst once each month during the school year to tranract such business as there may be to come before them. l. The cashier, with the advice of the Direct ors, shall keep all money. except a reserve fund at no time to be less than $5O00 loaned at ten per cent. interest.
 2. All loans of more than $25.OO shall be on good real estate only.
 8. No loan of more than $25.00 shall be made without the advice of majority of the Board of Directors.
 1. The President, Cashier. and Assistant Cash- Ter shall be under bond of $5OO.0O each for the safe conduct of the bank.
 Bond to be approved by the Board of Directors of the School
 BANK AUDITS AND SUPERVISION. The Board of Directors of the School shall ap- point at ..the beginning of each school year two Auditors who shall have authority to audit the Books of this bank at such times as they may see fit and deem advisable.
 The President of the Board of Directors of the Schools shall appoint two members of the School Board to serve with the cashiers of the Monroe County Bank and the Bank of Brinkley as an ad- visory board for the Officers and Directors of the bank with whom it shall not be compulsory for them to advise. but to whom they may go for council and advice at such times as they desire
 AMENDMENTS.
 These Bylaws may be amended by two- third mojority vote of the Board of Directors of the Bank and the approval of such amendment by the School Board.