2-10-98
Section 2-10-98 Organization with capital stock. Incorporated associations may be organized
under this article with capital stock at the option of the organizers. In that event the association
shall be organized by the same method and for the same recording fee as in the case of those
associations organized without capital stock, except that the articles of association shall
set forth also that the association is organized with capital stock and the amount of capital
stock authorized with particulars as to the class or classes thereof and the par value of
shares. There shall be no individual liability on the part of shareholders, members, officers
or directors for the obligations of the corporation. The articles of association may provide
for preferred stock as well as common stock, but all shares shall have a definite par value,
and all shares of the same class shall have the same par value. If so divided, the articles
of incorporation must contain a statement of the number of shares...
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11-50-313
Section 11-50-313 Board of directors. (a) Each corporation formed or the certificate of incorporation
of which is amended under this article shall have a board of directors which shall constitute
the governing body of the corporation, which board shall consist of at least three members.
In any Class 4 municipality which has adopted a mayor-council form of government pursuant
to Chapter 43B (commencing with Section 11-43B-1) of this title, any corporation formed pursuant
to this chapter may have a governing body which shall consist of seven members. Any corporation,
located in any Class 5 municipality, which is governed by a local law enacted in the 1995
Regular Session may have a governing body which shall consist of seven members. No fee shall
be paid to any director for services rendered with respect to a sanitary sewer system. In
any instance where the system or systems owned and operated by the corporation are any one
or more of a water system, a gas system, and an electric system,...
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11-54-85
Section 11-54-85 Certificate of incorporation - Amendment. The certificate of incorporation
may at any time and from time to time be amended so as to make any changes therein and add
any provisions thereto which might have been included in the certificate of incorporation
in the first instance. Any such amendment shall be effected in the following manner: The members
of the board of directors of the board shall file with the governing body of the municipality
an application in writing seeking permission to amend the certificate of incorporation, specifying
in such application the amendment proposed to be made. Such governing body shall consider
such application and, if it shall by appropriate resolution duly find and determine that it
is wise, expedient, necessary, or advisable that the proposed amendment be made and shall
authorize the same to be made and shall approve the form of the proposed amendment, then the
persons making such application shall execute an instrument embodying...
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11-59-6
Section 11-59-6 Certificate of incorporation - Amendment. The certificate of incorporation
may at any time and from time to time be amended so as to make any changes therein and add
any provisions therein which may be located any portion of the territory embraced within the
first instance. Any such amendment shall be effected in the following manner: The members
of the board of directors of the corporation shall file with the governing body of the municipality
an application in writing seeking permission to amend the certificate of incorporation, specifying
in such application the amendment proposed to be made. Such governing body shall consider
such application and, if it shall by appropriate resolution duly find and determine that it
is wise, expedient, necessary, or advisable that the proposed amendment be made and shall
authorize the same to be made, then the persons making such application shall execute an instrument
embodying the amendment specified in such application and shall...
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41-10-86
Section 41-10-86 Amendment of certificate of incorporation. The certificate of incorporation
may at any time and from time to time be amended so as to make any change therein and add
any provision thereto which might have been included in the certificate of incorporation in
the first instance. Any such amendment shall be effected in the following manner: The members
of the board of directors of the corporation shall file with the governing body an application
in writing seeking permission to amend the certificate of incorporation, specifying in such
application the amendment proposed to be made. Such governing body shall consider such application
and, if it shall by appropriate resolution duly find and determine that it is wise, expedient,
necessary or advisable that the proposed amendment be made and shall authorize the same to
be made and shall approve the form of the proposed amendment, then the persons making such
application shall execute an instrument embodying the amendment...
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10A-2A-6.26
Section 10A-2A-6.26 Uncertificated interests. (a) Unless the certificate of incorporation or
bylaws provide otherwise, the board of directors of a corporation may authorize the issuance
of some or all of the shares of stock of any or all of its classes or series without certificates.
The authorization does not affect shares of stock already represented by certificates until
they are surrendered to the corporation. (b) Within a reasonable time after the issuance or
transfer of shares of stock without certificates, the corporation shall comply with the notice
requirements of Section 10A-1-3.45. (Act 2019-94, §1.)...
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11-88-5
Section 11-88-5 Authorization and procedure for amendment of certificate of incorporation.
(a) The certificate of incorporation of any authority incorporated under the provisions of
this article may at any time and from time to time be amended in the manner provided in this
section. (b)(1) The board of directors of the authority shall first adopt a resolution proposing
an amendment to the certificate of incorporation which shall be set forth in full in the resolution
and which amendment may include: a. A change in the name of the authority; b. The addition
to the service area of the authority of new territory lying within the determining county;
c. Provisions for the operation of a system or facility the operation of which is not then
provided for in the certificate of incorporation of the authority and which the authority
is authorized by this article to operate; d. Any matters which might have been included in
the original certificate of incorporation; e. Provisions for the addition...
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16-17-4
Section 16-17-4 Amendments to certificate of incorporation. (a) The certificate of incorporation
of any authority incorporated under the provisions of this chapter may at any time and from
time to time be amended in the manner provided in this section. (b) The board of directors
of the authority shall first adopt a resolution proposing an amendment to the certificate
of incorporation, which amendment shall be set forth in full in the said resolution and may
include any matters which might have been included in the original certificate of incorporation
or which could be included in the certificate of incorporation of an authority organized on
the date of the adoption of the said resolution proposing the amendment. (c) After the adoption
by the board of a resolution proposing an amendment to the certificate of incorporation of
the authority, the board shall file a written application with the governing body of the determining
municipality. Such application shall: (1) State that it is...
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16-18-4
Section 16-18-4 Amendments to certificate of incorporation. (a) The certificate of incorporation
of any authority incorporated under the provisions of this chapter may at any time and from
time to time be amended in the manner provided in this section. (b) The board of directors
of the authority shall first adopt a resolution proposing an amendment to the certificate
of incorporation, which amendment shall be set forth in full in the said resolution and may
include any matters which might have been included in the original certificate of incorporation
or which could be included in the certificate of incorporation of an authority organized on
the date of the adoption of the said resolution proposing the amendment. (c) After the adoption
by the board of a resolution proposing an amendment to the certificate of incorporation of
the authority, the board shall file a written application with the governing body of the determining
municipality. Such application shall: (1) State that it is...
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2-10-93
Section 2-10-93 Organization generally; adoption of bylaws. A majority of the organizing members
named in the articles of incorporation, at a time and place agreed upon in writing by all
the said organizers, or when and where all are present, or upon call of a majority of such
organizers upon five days' notice thereof, in writing, giving the time, place, and purposes
of the meeting, mailed or delivered by hand to all of the other said organizing members, may
make permanent organization of such corporation and adopt bylaws for the same, which bylaws
may thereafter be amended or repealed by the members of such incorporated association in the
manner provided in the bylaws. At such organization meeting, the members of the board of directors
and such officers as provided for in this article and in the bylaws shall be elected. Each
association incorporated under this article shall, within 30 days after its incorporation,
adopt for its government and management bylaws not inconsistent with...
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