Sec.  626.    Short  title  and  limitation  of  chapter. — THs

chapter  shall  be  known  as  the  business  corporation  law,  but
no  corporation  shall  be  formed  under  it  for  the  purpose  of
carrying  on  any  business  which  might  be  carried  on  by  a  cor-
poration formed  under  any  other  general  law  of  the  state


mCOBPOEATION.— KBSTEICTIONS   OK  BUSINESS.        803-

authorizing  the  formation  of  corporations  for  the  purpose  of
carrying  on  such  business.^

Sec.  637.  Incorporation.— Five  or  more  persons,  a  majority
of  whom  shall  be  citizens  and  residents  of  this  state,  may  become
a  corporation,  for  the  purpose  of  carrying  on  any  lav/ful  busi-
ness by  making,  signing,  acknowledging  and  filing  a  certifi-
cate which  shall  contain :

1.  The  name  of  the  proposed  corporation  :

2.  The  object  for  which  it  is  to  be  formed,  including  the
nature  and  locality  of  its  business;

3.  The  amount  and  description  of  the  capital  stock.
4.  The  number  of  shares  of  which  the  capital  stock  shall
consist,  each  of  which  shall  not  be  less  than  five  nor  more  than
one  hundred  dollars ;

5.  The  location  of  its  principal  business  office  ;

6.  Its  duration,  which  shall  not  exceed  fifty  years  ;

7.  The  number  of  its  directors,  not  less  than  five  nor  more
than  thirteen,  who  shall  each  be  a  stockholder  having  at  least
five  shares  of  stock ;

8.  The  names  and  post-office  addresses  of  the  directors  for
the  first  year ;

9.  The  post-office  addresses  of  the  subscribers  and  a  state-
ment of  the  number  of  shares  of  stock  which  each  agrees  to
take  in  the  corporation,  the  aggregate  of  which  subscriptions
shall  not  be  less  than  one-tenth  of  the  capital  stock,  and  ten.
