1901 public laws – Ch.769 Sec.2

That any association of natural persons, not less in any case than five, who are desirous of doing business as a bank of issue or a general banking business, in addition to the power now granted to banking corporations, may enter into articles of association for this purpose. And the persons uniting in the formation of such association shall, under their hands, make an organization certificate, which shall specifically state: -1 The name assumed by such association. -2 The place where said association proposes to do business. -8 The amount of capital stock and the shares into which the same is to be divided. -4 The names and residence of the shareholders and the number of shares held by each of them. -5 The fact that the certificate is made to enable such persons to avail themselves of the privileges of the State Banking System of North Carolina.