§ 17-11-114 — First meeting

(a) The first meeting of the corporation shall be called
by a notice signed by three (3) or more of the incorporators,
stating the time, place, and purpose of the meeting, a copy of
which notice shall be mailed or delivered to each incorporator
at least five (5) days before the day appointed for the meeting,
or may be held without such notice upon waiver in writing signed
by all the incorporators. There shall be recorded in the minutes
of the meeting a copy of said notice or of such unanimous
agreement of the incorporators.
(b) At such first meeting, the incorporators shall adopt
bylaws, elect directors, and take such other action as the
incorporators may see fit. Eight (8) of the incorporators shall
constitute a quorum for the transaction of business.