BANKING LAWS OF KENTUCKY.



company shall be deemed organized for the purpose named
in its Articles of Incorporation, but no corporation seek-
ing to do a banking or trust business shall actually
transact any banking or trust business until it receives
from the Banking Commissioner a certificate, in which it
shall be set out that said corporation has full)' complied
with all the provisions of this Act, and other pertinent
laws, and that the requisite capital has been, in good faith,
subscribed and paid in cash.
   5. Specifications in articles.  Such persons shall
execute Articles of Incorporation which shall specify:
  (1)  The name of the corporation, which shall be such
as to distinguish it from any other corporation engaged in
the same business, or promoting or carrying on the same
objects or purposes in this State.
  (2) The name of the city or town and county in which
its principal office or place of business is to be located.
  (3) The nature of the business, or objects or purposes
proposed to be transacted, promoted or carried on.
  (4) The amount of its capital stock, if any, and the
number of shares into which the same shall be divided.
  (5) The names and places of residence of each of its
stockholders, and the number of shares of stock subscribed
by each.
  (6) The time when it is to commence, and the period
it is to continue.
  (7) By what officers or persons the affairs of the cor-
poration are to be conducted, and the time and place at
which they are to be elected.
  (8) The highest amount of indebtedness or liability
which the corporation may at any time incur.
  (9)  Whether the private property of the stockholders,
not subject by the provisions of the law under which it is
organized, shall be subject to the payment of corporate
debts, and if so, to what extent.. (The Banking Depart-
went has a rule limiting the amount of indebtedness a bank



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