1913_private laws_128_8
CHAPTER 127 AN ACT TO AMEND THE CHARTER OF THE CITIZENS SAVINGS BANK AND TRUST COMPANY OF NEW BERN. Whereas the Citizens Savings Bank and Trust Company was incorporated by the Secretary of State on the thirtieth day of August, one thousand nine hundred and twelve; and whereas letters of incorporation were duly issued by him to William Dunn, Clyde Eby, and T. A. Uzzell, their successors or assigns, and by said letters of incorporation they were authorized to do a general banking business, including commercial and savings business and all other banking business permitted by chapter seven of the Re- visal of one thousand nine hundred and five and the laws of North Carolina and amendments thereto, with a total authorized capital stock of fifty thousand dollars, which said letters of incor- poration were issued by the Secretary of State, bearing date the thirtieth day of August, one thousand nine hundred and twelve; and under said letters of incorporation and the authority therein said parties named have duly organized and are now conducting the business authorized by the charter; and whereas the board of directors of said corporation have passed a resolution declaring that an extension of the corporate powers and privileges is ad- visable; and, whereas, at a meeting held on the .... day of steele , one thousand nine hundred and twelve, it was unani- mously resolved that the corporate rights and privileges of said Citizens Savings Bank and Trust Company be changed and altered, as hereinafter set out: Now, therefore, The General Assembly of North Carolina do enact:
Said corporation shall be invested with all the powers and privileges usually incident to banking institutions and to Savings banks, with the right to receive deposits, the limit to be fixed by its board of directors, and to pay interest thereon at fixed rates, or by way of dividends, out of the net earnings, according to the terms to be agreed upon between the corpcration and the depositors; and the board of directors are hereby fully authorized to adopt all proper rules and regulations for conducting and carrying into effect the savings-bank feature of this corporation.