The general assembly may incorporate one banking company, and
no more to be in operation at the same time.
The bank to be incorporated may have any number of branches,
not to exceed five to be established by law; and not more than one
branch shall be established at any one session of the general assem-
bly. The capital stock of the bank to be incorporated shall never
exceed five millions of dollars, at least one half of which shall be re-
served for the use of the state.