Chap. 130.—An ACT to incorporate the Bank of Goodson.

Approved June 13, 1870.

1. Be it enacted by the general assembly, That Z. L. Bur-
son, W. W. James, J. C. Fowler, W. L. York, J. B. Dunn, and
John N. Bosong, together with such other persons as they
may hereafter associate with them, shall be and they are hereby
constituted a body politic and corporate by the name and style
of The Bank of Goodson, and by this name and style are
hereby invested with all the rights and privileges conferred
on banks of deposit and discount of the state by chapter fifty-
nine of the Code, and not inconsistent with the provisions of
this act.
2. The capital stock of the said corporation shall not be less
than ten thousand dollars, in shares of twenty-five dollars each,
which may be increased from time to time to a sum not ex-
ceeding one hundred thousand dollars.

3. No stockholder shall be eligible to an election as a direc-
tor who shall not at the time be the absolute owner, in his own
right, of at least four shares of the capital stock.

4. The board shall regulate the admission of members. It
may receive money on deposit and grant certificates therefor,
and it may buy, sell, and negotiate bullion, coin, bank notes,
foreign and domestic bills of exchange, lend money on per-
sonal or real security, and receive the interest in advance; and
guarantee the payment of notes, bonds, bills of exchange, or
other evidences of debt.

5. This act shall be in force from its passage.