1891_private laws_258_14
CHAPTER 257 An act to incorporate the Farmers and Merchants Bank of Greenville. The General Assembly of North Carolina do enact:
This company is specially invested with the power and privileges usually incident to savings banks, nray receive deposits in very small sums, the limits to be fixed by its board of directors, and may pay interest thereon by way of dividends out of the net savings or by fixed rates according as may be agreed upon between the company and its depositors, and the board of directors are hereby fully authorized to make all needful by-laws and regulations for conducting and carrying into effect the savings bank features of this corporation.