N.Y. Comp. Codes R. & Regs. tit. 9 § 4003.5

Current through Register Vol. 46, No. 19, May 8, 2024

Section 4003.5 - Requirements for approval of certificate of incorporation

An application for the approval of the filing of a certificate of incorporation for a racing corporation pursuant to provisions of the Racing, Pari-Mutuel Wagering and Breeding Law shall be made by a petition signed and verified by all the incorporators, which petition shall state the following:

(a) the names, business occupations and post-office addresses of those persons who are to be directors of the corporation, unless those named in the certificate of incorporation are to be such directors, in which case only their business occupations are to be stated in the petition;

(b) the estimated cost of the racing plant to be constructed and a general description of such plant;

(c) a description of the site of the proposed racing plant, including acreage, or such description of the intended location as may be acceptable to the commission;

(d) a statement of the plan of financing of the enterprise and if arrangements have been made for the flotation of securities, the name and address of the person or firm with whom such arrangements have been made and the terms thereof; and

(e) such other information and requirements as the commission may deem proper.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 4003.5