NATIONAL BANK ORGANIZATION
TYPICAL BY-LAWS FOR NATIONAL BANKS
BY-LAWS OF THE (HERE INSERT THE TITLE OF THE BANK)
ORGANIZED UNDER THE NATIONAL BANKING LAWS
OF THE UNITED STATES
Annual Meeting
Section 1. The regular annual meetings of the shareholders of this bank for the
election of directors shall be held at its banking house on the day in January of each
year provided in the articles of association, between the hours of 10 and 4 of said day.
It shall be the duty of the board of directors, within one month prior to the time of said
election, who shall hold and conduct the same, and who shall, after the election has
been held, notify under their hands the cashier of this bank of the result thereof and
the names of the directors elect.
Section 2. The cashier, upon receiving the returns of the judges of the elections as
aforesaid, shall cause the same to be recorded upon the minute book of the bank, and
shall notify the directors elect of their election and of the time at which they are re-
quired to meet at the banking house of the bank for the purpose of organizing the new
board. If at the time fixed for the meeting of the directors elect there is not a quorum
in attendance, the members present may adjourn from time to time until a quorum is
secured, and no business shall be transacted prior to taking the oath of office as pre-
scribed by law.
Section 8. If, for any cause, the annual election of directors is not held on the date
fixed in the articles of association, the directors in office shall order an election to be
held on some other day, of which special election notice shall be given in accordance
with the requirements of section 5149, United States Revised Statutes, judges ap-
pointed, returns made and recorded, and the directors elect notified, according to the
Provisions of sections one and two of these by-laws.
Officers
ul : ho shall
: -president (w!
: be a president, vice be from
f this bank shall flicers as may
Section 4. The Se directors), cashier, and such 2% 1 fre Tush ods, to Te
he Tonheny of hs ie the prompt and orderly Cs several duties shall be
ite to time ail Wl hoard of directors, by ‘whoa thei
elected or appointe
prescribed.
Section 5. The president shall hold his office for the current year for which the board
of which he shall be a member was elected, unless he shall resign, become disqualified,
or be removed; and any vacancy occurring in the office of president or in the board
of directors shall be filled by the remaining members.
Section 6. The cashier and the subordinate officers and clerks shall be appointed
to hold their offices, respectively, during the pleasure of the board of directors.
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