The certificate of organization shall state: (1) The name of the proposed credit union and the city, town, or village in which its business office is located; (2) The names and addresses of the subscribers to the certificate, and the number of shares subscribed by each; (3) A statement that organization as a credit union is desired under this particular law; (4) The par value of the regular shares, which shall not exceed one hundred dollars; (5) The par value of membership shares, if any, which shall not be less than twenty-five nor more than one hundred dollars.
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