Kentucky Statutes 102.020 – Articles of incorporation
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(1) The articles of incorporation shall be as follows: “We, the undersigned business and professional persons resident, or conducting a business, or having a branch office, in the city of , county of , Kentucky, adopt the following articles of incorporation:
“Article I. The objects of this corporation shall be to advance and improve civic welfare, and to advertise and develop the industries and resources of , Kentucky.
“Article II. The name of this corporation shall be Chamber of Commerce. “Article III. The affairs of this corporation shall be conducted by a board of not less
than six (6) directors, and such officers as may be established by the bylaws of the
corporation.
“Article IV. The annual dues of the members of this corporation shall be not less than twelve dollars ($12), payable as provided in the bylaws of the corporation.
“Article V. Any resident of the city or county, or any firm or individual operating a business or branch office therein, whose application meets with the approval of the board of directors, may become a member by paying the first dues, and thereafter complying with the articles of incorporation and bylaws.
“Article VI. This corporation shall continue until terminated by operation of law. “Article VII. The board of directors shall adopt such bylaws as they deem necessary
for the regulation of the affairs of this corporation.”
(2) The articles of incorporation shall be recorded by the county clerk without fee.
History: Amended 1974 Ky. Acts ch. 386, sec. 24. — Amended 1960 Ky. Acts ch. 118, sec. 1, effective June 16, 1960. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2741n-2, 2741n-4.
“Article I. The objects of this corporation shall be to advance and improve civic welfare, and to advertise and develop the industries and resources of , Kentucky.
Terms Used In Kentucky Statutes 102.020
- City: includes town. See Kentucky Statutes 446.010
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
“Article II. The name of this corporation shall be Chamber of Commerce. “Article III. The affairs of this corporation shall be conducted by a board of not less
than six (6) directors, and such officers as may be established by the bylaws of the
corporation.
“Article IV. The annual dues of the members of this corporation shall be not less than twelve dollars ($12), payable as provided in the bylaws of the corporation.
“Article V. Any resident of the city or county, or any firm or individual operating a business or branch office therein, whose application meets with the approval of the board of directors, may become a member by paying the first dues, and thereafter complying with the articles of incorporation and bylaws.
“Article VI. This corporation shall continue until terminated by operation of law. “Article VII. The board of directors shall adopt such bylaws as they deem necessary
for the regulation of the affairs of this corporation.”
(2) The articles of incorporation shall be recorded by the county clerk without fee.
History: Amended 1974 Ky. Acts ch. 386, sec. 24. — Amended 1960 Ky. Acts ch. 118, sec. 1, effective June 16, 1960. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2741n-2, 2741n-4.