ART. 26.] CORPORATIONS. 37
PROVISIONS FOR THE FORMATION OF CORPORATIONS.
14. Corporations may be formed in this state, under
the provisions hereinafter set forth, by any five or more
persons, citizens of the United States, and a majority
of them citizens of this state, or if unnaturalized, resi-
dents of this state making oath that they bona fide in-
tend to become citizens of the United States without
unreasonable delay, who may desire to form a body
corporate or politic, for any of the following purposes :
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How formed.
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Class 1. For the creation and maintenance of educa-
tional, moral, scientific, literary, dramatic, musical, so-
cial, benevolent or beneficial societies or associations,
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Educational,
moral, scien-
tific, &c., socie-
ties.
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of all descriptions j of religious or charitable societies
or associations; fire engines and hose companies, and of
uniformed volunteer companies, of universities, colleges,
|
Fire engines
and hose com-
panies, &c.
|
academies, hospitals or asylums; provided, such corpo-
rations are located in this state, and that the property
which they possess or acquire is located therein.
|
Proviso
|
15. Class 2. For the creation and maintenance of
mechanics' institutes, co-operative stores or societies,
libraries, public reading or lecture rooms, medical so-
cieties, public hotels, public baths, dairy associations,
and agricultural or horticultural societies, fairs or exhi-
bitions, and companies for the packing of fruits, vege-
|
Mechanics' In-
stitutes, co-ope-
rative stores,
&c.
|
tables and other things; provided, such corporations
are located in this state, and the property they possess
or acquire is located therein.
|
Proviso.
|
16. Class 3. For buying, selling, mortgaging, leas-
ing, improving, disposing of, or otherwise dealing with
land in this state, or partly in this state and partly
beyond this state, and for the procuring, preparing for
market, transportation and selling of lumber, timber,
wood, or other products of land.
|
For buying, eel-
ling, &c., land,
&c.
|
17. Class 4. For the formation of fire, life, marine,
accident and cattle, and all live stock and other kinds
of insurance companies; provided, they shall have their
principal office in this state.
|
For fire, life,
marine, acci-
dent, cattle,
&c., insurance
companies.
Proviso.
|
18. Class 5. For the formation of homestead or
building associations, or associations for the loan of
money on real or personal property, and for the incor-
|
Homestead or
building asso-
ciations, &c.
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