§ 117-11. Contents of certificate of incorporation. - North Carolina Statutes

§ 117‑11.  Contentsof certificate of incorporation.

(a)        Required Provisions. – The certificate of incorporationshall be entitled and endorsed "Certificate of Incorporation of ______Electric Membership Corporation" (the blank space being filled in with thename of the corporation), and shall state:

(1)        The name of the corporation, which name shall be such as todistinguish it from any other corporation.

(2)        A reasonable description of the territory in which itsoperations are principally to be conducted.

(3)        The location of its principal office and the post‑officeaddress thereof.

(4)        The maximum number of directors, not less than three.

(5)        The names and post‑office addresses of the directors,not less than three, who are to manage the affairs of the corporation for thefirst year of its existence, or until their successors are chosen.

(6)        The period, if any, limited for the duration of thecorporation. If the duration of the corporation is to be perpetual, this factshould be stated.

(7)        The terms and conditions upon which members of thecorporation shall be admitted.

(b)        Permissible Provisions. – The certificate of incorporationof a corporation may also contain any provision not contrary to law which theincorporators may choose to insert for the regulation of its business, and forthe conduct of the affairs of the corporation; and any provisions, creating,defining, limiting or regulating the powers of the corporation, its directorsand members. (1935, c. 291, s.6.)