230 - Incorporation; organization certificate.

§ 230. Incorporation; organization certificate. When authorized by the  superintendent as provided in article two of this chapter, not less than  nine  nor  more than twenty persons may incorporate a savings bank. They  shall  subscribe  and  acknowledge  an   organization   certificate   in  duplicate, which shall specifically state:    1. The name by which the corporation is to be known.    2. The place where its principal office is to be located.    3. Its duration if other than perpetual.    4.  The  name,  occupation,  citizenship,  residence  and  post-office  address of each incorporator.    5. The amount which each incorporator will contribute in cash  to  the  surplus fund.    6.  The  names  of  the  incorporators who are to constitute its first  board of trustees. Such persons as individuals and as a  group  must  be  free of the disqualifications specified in section two hundred forty-six  of this article.