1903_private laws_343_10
CHAPTER 342 AN ACT TO INCORPORATE THE BANK OF BELHAVEN. The General Assembly of North Carolina do enact:
That said corporation shall be invested with all the powers and privileges usually incident 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 rate or by way of dividends out of the net earnings, according to the terms to be agreed upon betvfeen the corporation and its depositors; and the board of directors are hereby fully authorized to adopt all other rules and regulations for conducting and carrying into effect the savings bank feature of this corporation. Such savings department may be kept separate and distinct from the other business of the bank.