376.060. Stock companies — content of charter.

207 words·~1 min read·/mo/chapter-376/376-060

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376.060. Stock companies — content of charter. — When such corporators propose to form a joint stock company for the purposes designated in section 376.010 , the charter comprised in the declaration mentioned in section 376.050 shall set forth

(1)The name assumed by such corporation and by which it shall be known;

(2)The place where the principal office for the transaction of its business shall be located;

(3)The specific kind or kinds of business which it proposes to transact;

(4)The amount of its capital stock, and the number of shares into which it shall be divided, and the manner in which it shall be paid up or secured;

(5)The manner in which the corporate powers granted by sections 376.010 to 376.670 shall be exercised, showing the number of directors, which shall not be less than nine or more than twenty-one, their powers and duties, the manner of electing them, the mode of filling vacancies, and such other particulars as may be necessary to make manifest the objects and purposes of the corporation, and the manner in which it is to be conducted.

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(RSMo 1939 § 5804, A.L. 1943 p. 609)

Prior revisions: 1929 § 5694; 1919 § 6105; 1909 § 6899