Page:1889 North Dakota Session Laws.pdf/102



Be it Enacted by the Legislative Assembly of the State of North Dakota:

§ 1. REPEAL.] That Sections 1 and 3 of Chapter 7 of the Political Code, being Sections 68 and 70 of Chapter 5 of the Compiled Laws of l1887; be and the same are hereby repealed.

Approved March 31, 1890.

Be it Enacted by the Legislative Assembly of the State of North Dakota:

§ 1. ASSOCIATIONS, HOW FORMED.] Associations for carrying on the business of banking under this title may be formed by any number of natural persons, not less than three, one-third of whom shall be residents of the State. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business, and the conduct of its affairs. These articles shall be signed by the persons unit-