The commonwealth. (Greenwood, Miss.) 1896-1923, 1916-04-14
ARTICLES OF INCORPORATION.

ARTICLES OF INCORPORATION.
BE. It 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 corporatson shau
be. T Greenwood Bank Z Trust Couapany.s
Second: The domicile Of said corpsration and
the place where its business il to b transacted 10
at Greenwood. Le1ore County. in the State Of
Mississippi.
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 amount Of the Capital Stock
of this corporation shall be t$ss.ooo) Thirty-Fivs
Thousand & 0O-lOO Dollars. divided in shares 81
5000 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, so shares, $500.
Ben Hart. Jackson, Miss. 10 shares, 81, 600.
H. B. Lightcap. jackson. Miss. 10 shares,
$1,000.
W. +. Humphrey. Greenwood. Miss. 50 shares.
5000.
S. c. Bull. Brookhaven. Miss. Is shares. g 500.
C. S. Butterfield, Brookhaven. Miss, so shares,
5000.
Sixth: This corporation is hereby authorized
to adopt a corporate seal and to alter the same at
pleasure; to sue and be sued; plead and be iys-
pleaded; prosecute and be prosecuted: to judg-
ment and satisfaction in all the courts; to con-
tract and be contracted with. and carry on q gen.
eral banking business. including both the bust
ness of a bank of discount and deposit. and the
business and duties and exercise the powers and
authority of a trust company. with all the powe, .
incident thereto: it shall have full power and
authority to act as and perform the duties and be
chargeable with the obligations of an admins
traitor, executor. guardian and trustee. under the
laws of the State of Mississippi. and to exercise
the functions of q savings bank. with all the
powers expressed or implied incident thereto. and
to do all things requisite and necessary and
proper effectuaily to accomplish each Of said oh.
jects and purposes named.
This corporation may purchase, hold a lien on,
cucumber or otherwise dispose Of property. both
real. personal and mixed. not contrary to law. and
may receive money. commercial paper. stocks.
bonds. securities. evidences of debt of all kinds
on general or special deposit: may rent deposit
boxes. receive commercial paper and evidences Of
debt of every kind for collection: may loan money
by way of discount or otherwise. upon notes.
bills of exchange, stocks. bonds. evidences of
debt and property of every kind. and
purchase the same by way Of discount
or otherwise. but shall have no au-
thority to purchase stock in other competing
corporations. contrary to the law. It may acquire
| h, nv o$hor,r;oo oil I;~Io ~ ~~o-a~%-
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
ment; 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
as 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-
posts. 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.
listing law.
Seventh: The first meeting of the incorpora.
tors herein may bezcalled by anyone Of the incor.
~porators, upon five days notice to each of the
others. and the meeting. when assembled. may
proceed to organize the corporation. Thereafter
the stockholders shall meet on the first Tuesda,
after the first Monday in January. annually. 70.
the purpose of electing directors. and the trans
action of such other business as may be deemeG
proper. and special meetings Of the stockholder'
may be called in the manner provided for in tn,
bylaws; and the stockholders may ill any vacan
cy in the Board of Directors at any called meet
i ing.
Eighth: This corporation shall be governed b,
chapter "a of the annotated code of Mississippi
of 1906. and amendments thereto. and the Miss
issippi Banking Law of 1914. and amendment
thereto. but shall have all power and authorit.
necessary to accomplish the purpose Of its or
ganization. and the operation of its business. no
in conflict with the provisions of said laws an,
other laws Of the State Of Mississippi.
; Ninth: That the term for which this corpora
r ton is to exist is Fifty Years.
We further certify that the fun amount of tn
Capital Stock of this banking corporation ha
been fully paid up in cash and 10 now In the Gus
! tody of the Board of Directors above named.
: In Witness Whereof. We have hereunto sub
, scribed our names this LIST day of April. A. D
: W. R. HUMPHREY.
Il BEN HAIR
J. B. STIRLING.
C.S. BUTTERFIELD.
Il JOHN HART
Ell s. c. BULL.
H. B. LIGHTCAP.
81 ACKNOWLEDGEMENTS.
t State of Mississippi. City Of Jackson. County q
\, Kinds.
: Personally appeared before me = Notary Put
= lie in and for the said City. County and Stat
e above named, Ben Hart. J.. B. Stirling. job
| Hart. s C. Bull and H. B. LiRhtcap. who N