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(a) The articles of incorporation for any for-profit corporation formed under this Code shall set forth:

(1) The name of the corporation;

(2) The period of duration, which may be perpetual or for a stated term of years;

(3) The purpose(s) for which the corporation is organized;

(4) The aggregate number of shares the corporation shall have authority to issue; and a statement of whether such shares are to be divided into classes.

(A) If the shares are to be divided into classes, each class must be expressly designated, including a statement setting forth preference and voting rights;

(5) If the corporation intends to issue preferred shares in a series, each series shall be expressly designated, including a statement of variations in the relative rights and preferences as between series and a statement of authority to be vested in the board of directors to establish series, and fix and determine variations in the relative rights and preferences as between series;

(6) Any provision limiting or denying to shareholders the preemptive right to acquire additional shares of the corporation;

(7) The name and address of its initial registered agent(s) and the address of its principal place of business;

(8) A description of any election to operate without a board of directors;

(9) The number of directors constituting the initial board of directors;

(10) Names and addresses of the persons serving on the Initial board of directors until the earliest of either the first annual meeting of shareholders or their successors are qualified and elected;

(11) If all persons who have agreed to purchase shares decide to operate the corporation without a board of directors, that fact shall be recited in the articles of incorporation and the names and addresses of holders of voting shares shall be listed instead;

(12) The name and address of each incorporator;

(13) Any restrictions on the transfer of shares;

(14) The following notice, conspicuously written as below:

This is a close corporation formed pursuant to the Yurok Tribe Business Corporations Code, ORDINANCE ______ OF THE YUROK TRIBAL CODE. The rights of shareholders in this corporation may differ materially from the rights of shareholders in other corporations. Copies of documents restricting transfers and affecting voting and other rights may be obtained by a shareholder on written request to the corporation.

(b) Additionally, the articles of incorporation may also contain provisions not inconsistent with the law regarding:

(1) Business management and regulation of corporate affairs;

(2) The definition, limitation, and regulation of the powers of the corporation, directors, officers, employees, agents, shareholders, or any class of shareholders;

(3) The stated or par value of any authorized shares or class of shares; and

(4) Any provision under this Code either required or permitted to be set forth in the bylaws. [Ord. 18 Part I § 6, adopted, 10/7/2008.]