670.080 Articles of incorporation: Contents. The articles of incorporation of the corporation must contain:
1. The name of the corporation, which must include the words “development corporation.”
2. The location of the principal office of the corporation, but the corporation may have other offices as the board of directors deems necessary if those offices are located in this state.
3. The purposes for which the corporation is founded, which must be:
(a) To assist, encourage, develop and advance the business prosperity and economic welfare of this state;
(b) To encourage and assist in the location of new business and industry in this state and to rehabilitate existing business and industry;
(c) To stimulate and assist in the expansion of all kinds of business activity which will tend to promote the business development and maintain the economic stability of this state, provide maximum opportunities for employment, encourage thrift and improve the standard of living of the residents of this state;
(d) To cooperate and act in conjunction with other organizations, public or private, the objects of which are the promotion and advancement of industrial, commercial, agricultural and recreational developments in this state; and
(e) To furnish money and credit to approved and deserving applicants, for the promotion, development and conduct of all kinds of business activity in this state, thereby establishing a source of credit not otherwise readily available for those purposes.
4. The names and post office addresses of the members of the first board of directors, who, unless otherwise provided by the articles of incorporation or the bylaws, shall hold office for the first year of existence of the corporation or until their successors are elected and have qualified.
5. Any provision which the incorporators may choose to insert for the regulation of the business and for the conduct of the affairs of the corporation and any provision creating, dividing, limiting and regulating the powers of the corporation, the directors, stockholders or any class of the stockholders, including, but not limited to, a list of the officers, and provisions governing the issuance of stock certificates to replace lost or destroyed certificates, except that no provision may be included for cumulative voting for directors.
6. The amount of authorized stock and the number of shares into which it is divided, the par value of each share and the amount of stockholders’ equity with which the corporation will commence business and, if there is more than one class of stock, a description of the different classes.
7. The names and addresses of the preorganization subscribers of stock and the number of shares subscribed by each.
8. Any provision consistent with the laws of this state for the regulation of the corporation.
9. A recitation that the corporation is organized under the provisions of this chapter.
(Added to NRS by 1975, 1819; A 1979, 577; 1997, 1010)
670.080 Articles of incorporation: Contents. The articles of incorporation of the corporation must contain:
1. The name of the corporation, which must include the words “development corporation.”
2. The location of the principal office of the corporation, but the corporation may have other offices as the board of directors deems necessary if those offices are located in this state.
3. The purposes for which the corporation is founded, which must be:
(a) To assist, encourage, develop and advance the business prosperity and economic welfare of this state;
(b) To encourage and assist in the location of new business and industry in this state and to rehabilitate existing business and industry;
(c) To stimulate and assist in the expansion of all kinds of business activity which will tend to promote the business development and maintain the economic stability of this state, provide maximum opportunities for employment, encourage thrift and improve the standard of living of the residents of this state;
(d) To cooperate and act in conjunction with other organizations, public or private, the objects of which are the promotion and advancement of industrial, commercial, agricultural and recreational developments in this state; and
(e) To furnish money and credit to approved and deserving applicants, for the promotion, development and conduct of all kinds of business activity in this state, thereby establishing a source of credit not otherwise readily available for those purposes.
4. The names and post office addresses of the members of the first board of directors, who, unless otherwise provided by the articles of incorporation or the bylaws, shall hold office for the first year of existence of the corporation or until their successors are elected and have qualified.
5. Any provision which the incorporators may choose to insert for the regulation of the business and for the conduct of the affairs of the corporation and any provision creating, dividing, limiting and regulating the powers of the corporation, the directors, stockholders or any class of the stockholders, including, but not limited to, a list of the officers, and provisions governing the issuance of stock certificates to replace lost or destroyed certificates, except that no provision may be included for cumulative voting for directors.
6. The amount of authorized stock and the number of shares into which it is divided, the par value of each share and the amount of stockholders’ equity with which the corporation will commence business and, if there is more than one class of stock, a description of the different classes.
7. The names and addresses of the preorganization subscribers of stock and the number of shares subscribed by each.
8. Any provision consistent with the laws of this state for the regulation of the corporation.
9. A recitation that the corporation is organized under the provisions of this chapter.
(Added to NRS by 1975, 1819; A 1979, 577; 1997, 1010)
670.080 Articles of incorporation: Contents. The articles of incorporation of the corporation must contain:
1. The name of the corporation, which must include the words “development corporation.”
2. The location of the principal office of the corporation, but the corporation may have other offices as the board of directors deems necessary if those offices are located in this state.
3. The purposes for which the corporation is founded, which must be:
(a) To assist, encourage, develop and advance the business prosperity and economic welfare of this state;
(b) To encourage and assist in the location of new business and industry in this state and to rehabilitate existing business and industry;
(c) To stimulate and assist in the expansion of all kinds of business activity which will tend to promote the business development and maintain the economic stability of this state, provide maximum opportunities for employment, encourage thrift and improve the standard of living of the residents of this state;
(d) To cooperate and act in conjunction with other organizations, public or private, the objects of which are the promotion and advancement of industrial, commercial, agricultural and recreational developments in this state; and
(e) To furnish money and credit to approved and deserving applicants, for the promotion, development and conduct of all kinds of business activity in this state, thereby establishing a source of credit not otherwise readily available for those purposes.
4. The names and post office addresses of the members of the first board of directors, who, unless otherwise provided by the articles of incorporation or the bylaws, shall hold office for the first year of existence of the corporation or until their successors are elected and have qualified.
5. Any provision which the incorporators may choose to insert for the regulation of the business and for the conduct of the affairs of the corporation and any provision creating, dividing, limiting and regulating the powers of the corporation, the directors, stockholders or any class of the stockholders, including, but not limited to, a list of the officers, and provisions governing the issuance of stock certificates to replace lost or destroyed certificates, except that no provision may be included for cumulative voting for directors.
6. The amount of authorized stock and the number of shares into which it is divided, the par value of each share and the amount of stockholders’ equity with which the corporation will commence business and, if there is more than one class of stock, a description of the different classes.
7. The names and addresses of the preorganization subscribers of stock and the number of shares subscribed by each.
8. Any provision consistent with the laws of this state for the regulation of the corporation.
9. A recitation that the corporation is organized under the provisions of this chapter.
(Added to NRS by 1975, 1819; A 1979, 577; 1997, 1010)
