The commonwealth. (Greenwood, Miss.) 1896-1923, 1916-04-28
ARTICLES OF INCORPORATION.

Be 1t Known. That the undersigned citizens
of the State Of Mississippi do hereby voluntarily
associate ourselves together for the purpose of
forming a banking corporation under the laws of
the State of Mississippi. and do hereby certify:
First: That the name of this corporation shall
be. The Greenwood Bank & Trust Company
Second: The domicile of said corporation and
the place where it's business is to be transacted is
at Greenwood. Lefore County, in the State of
Mississippi.
Third: That the purpose for which this corpor-
alton is formed is to transact the general bust
ness of a commercial bank. savings bank and
trust company and banking business in accord
| ance with the laws OF the State of Mississippi
governing banks and banking.
Fourth: That the amour: of the Capital Stock
of this corporation shall be 1888. oco) Thirty-Five
Thousand & 00-100 Dollars. divided in shares Of
$4,000 each.
Fifth: That the names and places of residence
of the stockholders, and the number OF shares
held by each are as follows:
J. B. Stirling. Jackson, Miss. 155 shares. $15,-
500.
John Hart, Jackson Miss. 50 shares. 5000.
Ben Hart. jackson. Miss. 10 shares. $1,000.
II. B. Lightcap, Jackson, Miss, 10 shares,
1000.
| w. X. Humphrey, Greenwood, Miss, so shares,
5000.
s.. c. Bull, Brookhaven, Miss. % shares. 81. 500.
c. S. Butteriield. Brookhaven, Miss. so shares.
5000.
sixth: This corporation is hereby authorized
to adopt a corporate seal and to alter the same at
pleasure; to sue and be sued; plead and be inn
pleaded; prosecute and be prosecuted; to judg-
ment and satisfaction in all the courts: to con-
tract and be contracted with. and carry on a gen
eral banking business, including both the bust
ness OF a bank of discount and deposit, and the
business and duties and exercise the powers and
authority of a trust company. with all the power.
Incident thereto: it shall have full power and
authority to act as and perform the duties and be
.hargeable with the obligations of an admins
rator, executor. guardian and trustee, under the
avs of the State of Mississippi. and to exercise
he functions of a savings bank, with all the
lowers expressed or implied incident thereto. and
20 do all things requisite and necessary and
proper efectually to accomplish each of said OBJ
jects and purposes named.
This corporation may purchase. hold a lien on,
cucumber or otherwise dispose of property, both
real. personal and mixed, not contrary to law. and
may receive money. commercial paper. stocks,
ponds. securities. evidences of debt of all kinds
IN general or special deposit; may rent deposit
Jokes. receive commercial paper and evidences of
iebt of every kind for collection: may loan money
~ way of discount or otherwise, upon notes.
bills of exchange. stocks. bonds. evidences of
!ebt and property of every kind. and
purchase the same by way of discount
or otherwise. but shall have no au-
thority to purchase stock in other competing
corporations. contrary to the law. 1t may acquire
by purchase or otherwise all kinds of property.
real. personal and mixed, bonds, chooses in action.
commercial paper. and sell. mortgage, pledge,
convey and dispose of same at pleasure with or
without guarantee of payment, title or endorse
tnent; may borrow money. issue notes. except for
circulation as money, make and draw drafts.
checks. domestic and foreign bills of exchange:
may accept and endorse commercial paper, act
IS agent for investment of money for any lawful
purpose. and as agent for the negotiation of loans
for any individual or corporation, and charge such
commission or receive such compensation there
for as may be agreed upon; pay interest on de-
posits. and limit the aggregate amount each per-
son or corporation may deposit, and fix the terms
on which any and all deposits may be received
and withdrawn, not contrary to the present ex-
sting law.
Seventh: The first meeting of the incorpora-
sors herein may be called by anyone of the incor-
aorators. upon five days notice to each of the
others. and the meeting, when assembled, may
Ao~SSA kIC ~ 1ncIGaI Ter
The stockholders shall meet on the first Tuesday
after the first Monday in January. annually, for |
the purpose of electing directors, and the trans- !
action of such other business as may be deemed
proper. and special meetings of the stockholders |
may be called in the manner provided for in the
bylaws; and the stockholders may fill any vacan- |
cy in the Board of Directors at any called meet |
ing.
Eighth: This corporation shall be governed by |
chapter "a of the annotated code of Mississippi
of 1906. and amendments thereto, and the Miss |
issippi Banking Law of 1914, and amendments |
thereto. but shall have all power and authority |
necessary to accomplish the purpose of its or
ganization. and the operation of its business. not
in conflict with the provisions of said laws and
other laws of the State of Mississippi.
Ninth: That the term for which this corpora
ton is to exist is Fifty Years.
We further certify that the full amount of the |
Capital Stock of this banking corporation has
been fully paid up in cash and is now in the Gus
tody of the Board of Directors above named.
In Witness Whereof. We have hereunto SUBJ
scribed our names this LIST day of April, A. D.,
1916.
w. R. HUMPHREY.
BEN HART,
J. B. STIRLING,
- C.S. BUTTERFIELD,
JOHN HART.
S. c. BULL.
H. B. LIGHTCAP.