Effective - 28 Aug 1963
371.080. Articles of incorporation — contents. — 1. The articles of incorporation for a development finance corporation organized under the provisions of this chapter shall state:
(1) The name of the corporation, which name shall include the words "Missouri development finance corporation" but shall have in addition a numerical or other designation so as to distinguish it from any development finance corporation which may be organized subsequently and the name shall be such as to distinguish it from any other corporation organized and existing under the laws of the state of Missouri;
(2) The purpose for which the corporation is formed;
(3) The period of duration of the corporation which may be perpetual or limited;
(4) The address of its principal office and the name of its agent on whom process may be served;
(5) The total number of shares of stock which the corporation is authorized to issue, which number shall not be less than two hundred fifty shares of no par value, which shall be issued for one hundred dollars per share in cash;
(6) The number of directors, not less than fifteen, to be elected at the annual meeting, their terms of office and any provisions desirable for staggering the terms of office of directors, except that the terms of office of directors and other matters pertaining to the directors may be provided in the bylaws of the corporation;
(7) The names and addresses of the incorporators, not less than three, who will manage the affairs of the corporation until the first meeting of stockholders and members;
(8) Any provisions, not inconsistent with law, which the incorporators may choose to insert for the regulation of the business and the conduct of the affairs of the corporation.
2. It is not necessary to set out in the articles of incorporation any of the corporate powers enumerated in this chapter.
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(L. 1961 p. 157 § 8, A.L. 1963 p. 478)
Structure Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 371 - Development Finance Corporations
Section 371.010 - Purpose of chapter.
Section 371.020 - Number of incorporators required.
Section 371.030 - Director of finance to investigate and approve proposed articles.
Section 371.040 - Organization may be completed after approval.
Section 371.050 - Certificate of organization to be filed — contents.
Section 371.070 - Corporate existence begins, when — recording of articles.
Section 371.080 - Articles of incorporation — contents.
Section 371.090 - Amendment of articles, procedure — when effective.
Section 371.100 - Stockholders' meetings — election of directors — voting rights.
Section 371.110 - Board of directors to manage corporation — number, terms.
Section 371.120 - Members of corporation to be financial institutions — loans by members, limits.
Section 371.130 - Powers of corporation.
Section 371.150 - Accumulation of earned surplus, requirements.
Section 371.160 - Limit on obligations, exceptions.
Section 371.170 - Deposits and loans of funds, regulation — not to receive deposits.
Section 371.180 - Limitation on lending powers.
Section 371.190 - Examination by director of finance — reports.
Section 371.200 - Stockholders not to have preemptive rights.
Section 371.210 - Interest paid exempt from intangible and income taxes.
Section 371.220 - Corporate income exempt from income tax.
Section 371.230 - Compromise, arrangement or plan of reorganization, how adopted — effect.
Section 371.240 - Dissolution, when authorized — procedure.
Section 371.250 - Corporations and banks may own stock or securities of company, securities exempt.