§ 302. Incorporation. Any number of persons, not less than five, may\nbecome a corporation for the purpose of conducting harness horse race\nmeetings at which pari-mutuel betting will be conducted, with all the\ngeneral powers of corporations created under the laws of this state, by\nmaking, signing, acknowledging and filing a certificate that shall\ncontain the:\n 1. name of the proposed corporation;\n 2. objects for which the corporation is to be formed and the location\nat which it is proposed to conduct its business;\n 3. amount and description of the capital stock;\n 4. location of the corporation's principal business office;\n 5. duration of the corporation;\n 6. number of the corporation's directors, not less than five nor more\nthan thirteen;\n 7. names and post office addresses of the directors for the first\nyear; and\n 8. post office addresses of the subscribers and a statement of the\nnumber of shares of stock that each agrees to take in the corporation.\n No certificate of incorporation under this section shall hereafter be\nfiled without the approval of the commission indorsed thereon or annexed\nthereto.\n No corporation organized pursuant to this article or operating a\nharness horse race meet pursuant to the provisions of section three\nhundred four of this article, shall have or be given the right or power\nto conduct any harness horse race meet pursuant to this article except\nat the location designated in its certificate of incorporation as the\nplace at which it was proposed to conduct its business, or at the place\nor places where it is presently licensed to conduct a harness horse race\nmeet or meetings by the commission; provided, however, that this\nrestriction shall not apply to any such corporation or association whose\nracing plant or the usefulness thereof or of any material part thereof,\nin the discretion of the commission, shall, for any reason beyond the\ncontrol of such corporation or association, be totally destroyed or so\nsubstantially interfered with or damaged as to render same unfit for\ncontinued operation. Pending the rebuilding, or restoration of its\nusefulness or the making of the required repairs to said plant or the\npart thereof so destroyed or damaged, the commission may license such\ncorporation or association to conduct its harness horse race meetings at\nany other suitable location.\n
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