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The articles of association shall state:
First, The names of persons associating in the first instance with their places of residence;
Second, The purposes of the association, conforming with the provisions of this chapter;
Third, The corporate name and period of incorporation, which may be perpetual;
Fourth, The terms, conditions, and qualifications of membership in the corporation;
Fifth, The officers and committees created, with the names of officers and members of committees first selected, the terms of such officers and members, and the time of holding an annual meeting.