§ 3.  Contents of articles of association. The articles of association  of a joint-stock association may: 1. Provide that the death of a stockholder thereof, or the transfer  of his shares of stock therein, shall not  work  a  dissolution  of  the  association; 2. Prescribe  the  number of its directors, not less than three, to  have the sole management of its affairs; 3.  Contain any other provision for the management of its affairs  not  inconsistent with law.