Arkansas Code of 1987 (2023)
Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706)
Subtitle 8 - PUBLIC FACILITIES GENERALLY (§§ 14-137-101 — 14-144-318)
Chapter 138 - PUBLIC CORPORATIONS FOR MUNICIPAL FACILITIES (§§ 14-138-101 — 14-138-123)
Section 14-138-106 - Certificate of incorporation

• (a) The certificate of incorporation of the corporation shall state:
  • (1) The names of the persons forming the corporation, together with the residence of each thereof, and a statement that each of them is a duly qualified elector of the municipality;
  • (2) The name of the corporation, which shall be "The Public Building Authority of the City or Town of ..............."; or some other name of similar import;
  • (3) The location of its principal office, which shall be in the municipality; the number of directors, which number shall be three (3) or a multiple of three (3); and
  • (4) Any other matters relating to the corporation that the incorporators may choose to insert and that is not inconsistent with this chapter or with the laws of the state.

• (b) The form and contents of the certificate of incorporation must be submitted to the governing body for its approval, which shall be evidenced by a resolution duly entered upon the minutes of the governing body.

Acts 1967, No. 409, § 4; A.S.A. 1947, § 19-5104.