Minutes of a meeting of the Stock holders of the Kirtland Safety Society  Bank; held on the 2nd day of Novem ber, A. D. 1836. When the following  preamble and articles were read three  times by Orson Hyde, and unanimous ly adopted.

We the Stockholders of the Kirtland  Safety Society Bank, for the more per fect government and regulation of the  same, do ordain and establish the fol lowing constitution.

ARTICLE I.

The capital stock of said Bank shall  not be less than four millions of dol lars; to be divided into shares of fifty  dollars each; and may be increased to  any amount, at the discretion of the  directors.

ARTICLE II.

The management of said Bank shall  be under the superintendence of thirty  two directors, to be chosen annually by,  and from among the Stockholders of  the same; each Stockholder being en titled to one vote for each share, which  he, she or they may hold in said Bank;  and said votes may be given by proxy  or in propria persona.

ARTICLE III.

It shall be the duty of said directors  when chosen to elect from their num ber a President, Cashier, and chief  Clerk. It shall be the further duty of  said directors to meet in the Director’s  Room, in said Banking house, on the  first Mondays of November and May  of each year, at 9 o’clock A. M. to in spect the books of said Bank, and trans act such other business as may be  deemed necessary.

ARTICLE IV.

It shall be the duty of said directors  to cho[o]se from among their number six  men, who shall meet in the Banking  house on Tuesday of each week, at 4  o’clock P. M. To examine all notes pre sented for discounting, and enquire in to, and assist in all matters pertaining  to the Bank.

ARTICLE V.

Each director shall receive from the  Bank one dollar per day for his servi ces when called together at the semi- annual and annual meetings. The Pres ident, Cashier, chief Clerk and the six,  the committee of the directors, shall re ceive a compensation for their services  as shall be agreed by the directors at  their semi-annual meetings.

ARTICLE VI.

The first election of directors as set  forth in the second article, shall take  place at the meeting of the Stockhold ers to adopt this constitution, who shall  hold their office until the first Monday  of November, 1837 unless removed by  death, or misdemeanor, and until others  are duly elected. Every annual election  of directors shall take place on the first  Monday of November of each year.— It shall be the duty of the President,  Cashier, and chief Clerk, of said Bank  to receive the votes of the Stockholders  by ballot, and declare the election.

ARTICLE VII.

The books of the Bank shall be al ways open for the inspection of the  Stockholders.

ARTICLE VIII.

It shall be the duty of the officers of  the Bank, to declare a dividend once  in six months; which dividend shall be  apportioned among the Stockholders,  according to the installments by them  paid in.

ARTICLE IX.

All persons subscribing stock in said  Bank shall pay their first installment at  the time of subscribing; and other in stallments from time to time, as shall  be required by the directors.

ARTICLE X.

The directors shall give thirty days  notice in some public paper, printed in  this county, previous to an installment  being paid in. All subscribers resi ding out of this State, shall be requi red to pay in half the amount of their  subscriptions at the time of subscribing,  and the remainder, or such part there of as shall be required at any time by  the directors after thirty days notice.

ARTICLE XI.

The President shall be empowered  to call special meetings of the directors,  whenever he shall deem it necessary;  separate and aside from the annual  and semi-annual meetings.

ARTICLE XII.

Two thirds of the directors shall  form a quorum to act at the semi-annual  meetings; and any number of the six,  the committee of the directors, with the  officers of the Bank, or any one of  them may form a quorum to transact  business at the weekly meetings; and  in case none of the six are present at  the weekly meetings the officers of the  Bank must transact the business.

ARTICLE XIII.

The directors shall have power to  enact such by-laws as they may deem  necessary from time to time, providing  they do not infringe upon this constitu tion.

ARTICLE XIV.

Any article in this constitution may  be altered at any time, amended, added  unto, or expunged by the vote of two  thirds of the Stockholders.

SIDNEY RIGDON, Ch’n,

Attest OLIVER COWDERY, Cl’k. [p. [1]]