Full text: National banking under the Federal Reserve System

Nationa BANK ORGANIZATION 
TYPICAL ARTICLES OF ASSOCIATION 
For the purpose of organizing an association to carry on the business 
of banking under the laws of the United States, the undersigned 
subscribers for the stock of the association hereinafter named do 
enter into the following articles of association: 
BATE OB. i emai ne J 
COUNTY OF. ........ oun 
Before the undersigned, a. .. Of i See «+... +5 personally 
appeared. ......................., to me well known, who severally acknowledged 
that they executed the foregoing certificate for the purposes therein mentioned. 
Witness my hand and seal of office this . .. .. FY. . day of . 
[OFFICIAL SEAL OF OFFICER] 
1—The title of this association shall be “The. ... 
2—The place where its banking house or office shall be located, and its operations of 
discount and deposit carried on, and its general business conducted, shall be. .. .. 
is 
3—The board of directors shall consist of . .......... .........shareholders. 
The first meeting of the shareholders for the election of directors shall be held at 
rE we viv i vis wd OEE. Sir os wl ain WE Ns Eis en OTOL 
such other place and time as a majority of the undersigned shareholders may direct. 
t—The regular annual meetings of the shareholders for the election of directors shall 
be held at the banking house of this association on the second Tuesday of January 
of each year; but if no election shall be held on that day it may be held on any other 
day, according to the provisions of section 5149 of the Revised Statutes of the 
United States, and all elections shall be held according to such regulations as may 
be prescribed by the board of directors not inconsistent with the provisions of the 
national banking law and of these articles. 
"—The capital stock of this association shall be. ................... dollars, divided 
into shares of ........dollars each; but the capital may, with the approval of 
the Comptroller of the Currency, be increased at any time by shareholders owning 
two-thirds of the stock, according to the provisions of an act of Congress approved 
May 1, 1886; and in case of the increase of the capital of the association each share- 
holder shall have the privilege of subscribing for such number of shares of the pro- 
posed increase of the capital stock as he may be entitled to according to the number 
of shares owned by him before the stock is increased. 
6—The board of directors, a majority of whom shall be a quorum to do business, shall 
elect one of its members president of this association, who shall hold his office 
(unless he shall be disqualified, or be sooner removed by a majority vote of the 
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