(a) Three or more adult persons, who are bona fide residents of the Virgin Islands of the United States, and who desire to form a corporation for a college, seminary, church, library, or any other benevolent, fraternal, social, religious, educational, charitable or scientific association, whose chief business shall be in the Virgin Islands of the United States, shall make and subscribe written articles of incorporation in triplicate and acknowledge the same before any officer authorized to take the acknowledgment of deeds, and file one of said articles in the office of the Lieutenant Governor, and another in the office of the clerk of the district court in the judicial division in which the principal place of business of the corporation is intended to be located, and retain the third in possession of the corporation, and each copy so filed shall be indexed by the officer with whom filed in a book kept by him for that purpose.
(b) The fee for filing articles of incorporation in the Office of the Lieutenant Governor shall be $25.00.