The persons uniting to form such an organization shall prepare an organization certificate, bearing their signatures, which must state specifically: 1. The name assumed by such association, and such name may not be the name of any other bank in this state, nor of any bank heretofore incorporated in the state of North Dakota. 2. The place where the business of discount and deposit is to be carried on. 3. The amount of the capital stock and the number of shares into which the same must be divided. 4. The names and places of residence of the shareholders and the number of shares held by each of them. 5. The respective dates at which such bank shall commence and terminate business.
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