CHAPTER 2.



ORGANIZATION AND GENERAL CONDUCT OF
         BANKS AND TRUST COMPANIES.

   1. General corporations-number of incorporators
-laws to be observed. Any number of persons, not less
than three, may associate to establish a corporation for the
transaction of any lawful business, or to promote or con-
duct any legitimate object or purpose, including the buy-
ing, selling, holding, dealing in, renting and letting of real
estate under the provisions of and subject to the require-
ments of this (Chapter) article; but banking, building and
loan, trust, insurance and railroad corporations shall, in
addition to the provisions of the (Chaper) article, which
are not inconsistent with the laws relating especially to
them, be organized in the manner and subject to the pro-
visions of such laws. (Number required to organize bank,
see Sec. 2; Trust Co., see Sec. 63.)
   2. Bank-five necessary to incorporate-capital
necessary. Any number of persons, not less than five,
may associate to establish a commercial bank, or a savings
bank, or a bank having departments for both classes of
business, upon the terms and conditions, and subject to the
liabilities prescribed in this (Chapter) article; but the
capital stock of any bank shall not be less than fifteen
thousand dollars, and in cities having a population of fifty
thousand or more not less than one hundred thousand dol-
lars. (What articles shall specify, see Sec. 6.)
   3. Execution and recording of articles. The articles
of incorporation shall be signed and acknowledged by the
parties thereto before any officer authorized to take
acknowledgments to deeds, and recorded in the county
clerk's office of the county in which the bank is to be