§ 17-8-103 — Contents, execution and filing of articles of incorporation; competency to transact business in corporate name

(a) The said five (5) or more persons, being so convened
and organized as a meeting, shall adopt articles of
incorporation which shall fix:
(i) The name of the church, parish or society so
incorporated, or the name of the church, parish or society in
whose behalf or interest the corporation is formed;
(ii) The object and purpose of the incorporation;
(iii) The amount of debts which it shall be competent
to contract, beyond which amount the corporation shall have no
power to contract debts binding at law or equity upon it, its
members or its property;
(iv) The manner in which it may contract and become
bound for debts and may convey, encumber or change its property;
(v) The manner in which the succession of the members
of said corporation shall be regulated and vacancies in their
number filled;
(vi) The time of the commencement and the termination
of the corporation;
(vii) By what officers its affairs shall be
conducted.
(b) Which articles, being subscribed and acknowledged by
the persons present at said meeting and filed in the office of
the secretary of state, and recorded in the office of the county
clerk of the county where such church, parish or society shall
be located, whereupon such corporation shall be competent to
transact all business in any by its corporate name.