The commonwealth. (Greenwood, Miss.) 1896-1923, 1916-04-21
ARTICLES OF INCORPORATION.


Be 1t Known. That the undersigned citizens
OF the State OF Missiasippi 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 tie name Of this corporation shall
be, The Greenwood Bank & Trust Company"
Second: The dcmicile Of said corporation and
the place where its business is to be transacted is
at Greenwood. Leiore 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 amount of the Capital Stock
of this corporation shall be (ss5. OOo) Thirty-Five
Thousand & 0o-100 Dollars. divided in shares of
$780,. 90 each.
Fifth: That the names and places of residence
held by each are as follows:
j. B. Stirling. Jackson, Miss, 155 shares. s15.-
500.
John Hart. Jackson Miss. so shares. SIS. 900.
Ben Hart. jackson, Miss, 10 shares, s., COO.
H. B. Lightcap. jackson. Miss, 10 shares.
S., 600. j
w. R. Humphrey. Greenwood. Miss. so shares.
Sc. oGO.
S. c. Bull, Brookhaven. Miss. 25 shares. 81. SOC.
c. S. Butterfield, Brookhaven, Miss, so shares,
S.. 900.
Sixth: This corporation is hereby authorized
to adopt a corporate seal and to alter the same a,
pleasure; to sue and be sued; plead and be i'm
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.
1 nrnlh Il 49, -1l.- IL - -.
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 a savings bank. with all the
powers expressed or implied incident thereto, and
to do all things requisite and necessary and
proper etfectually 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.
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. 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
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 be called by anyone of the incor-
%porators. upon five days notice to each of the
others. and the meeting, when ssemble may
proceed to ors0niaS sac fospor@4ion- Thereafter
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 it's or
ganization. and the operation of it's 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 sub
scribed our names this LIST day of April. A.. D..
1916.
W. R. HUMPHREY.
BEN HART.
J. B. STIRLING,
{. S. BUTTERFIELD,
JOHN HART.
S. C. BULL,
n r