Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-23. Articles of incorporation

(1) The name of the association,

(2) The county in which its first principal place of business is to be located,

(3) A precise and accurate statement of the purpose or purposes for which it is organized, as well as a statement that it is organized under the provisions of this act,

(4) The term for which it is to exist, which may be perpetual,

(5) The name, occupation, citizenship, place of residence, and post office address of each incorporator,

(6) The name, occupation, citizenship, place of residence, post office address, and term of office of each of the first directors,

(7) The aggregate number of permanent reserve fund shares which the association shall have authority to issue. If the articles provide for the issuance of permanent reserve fund stock it shall specify the par value of each share, the number of shares and the kinds or classes which the association is authorized to issue. There shall also be specified the capital surplus to be contributed by each subscriber to permanent reserve fund stock. All shares shall contribute a pro rata proportion of the capital surplus. The authorized capital may be in any amount but may not be less than is required by the department.