"Application for Authority to Organize a Business and Industrial Development Corporation" - Idaho

Application for Authority to Organize a Business and Industrial Development Corporation is a legal document that was released by the Idaho Department of Finance - a government authority operating within Idaho.

Form Details:

  • The latest edition currently provided by the Idaho Department of Finance;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Idaho Department of Finance.

ADVERTISEMENT
ADVERTISEMENT

Download "Application for Authority to Organize a Business and Industrial Development Corporation" - Idaho

Download PDF

Fill PDF online

Rate (4.5 / 5) 34 votes
APPLICATION FOR AUTHORITY TO ORGANIZE
A BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION
STATE OF IDAHO
DEPARTMENT OF FINANCE
PO BOX 83720
BOISE ID 83720-0031
We, the undersigned, being citizens of the United States, do hereby make and file with the Department,
application for authority to circulate a stock subscription list for the organization of such company to be
located at _______________________________, County of ________________, State of Idaho.
The amount of the capital stock is to be $___________________________.
For the purpose of furnishing information needed by the Director of the Department of Finance in passing on
this application as provided in Chapter 27, Title 26, Idaho Code, we hereby submit the attached information:
Dated this _________ day of ____________________, ______.
NAME
ADDRESS
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
1
APPLICATION FOR AUTHORITY TO ORGANIZE
A BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION
STATE OF IDAHO
DEPARTMENT OF FINANCE
PO BOX 83720
BOISE ID 83720-0031
We, the undersigned, being citizens of the United States, do hereby make and file with the Department,
application for authority to circulate a stock subscription list for the organization of such company to be
located at _______________________________, County of ________________, State of Idaho.
The amount of the capital stock is to be $___________________________.
For the purpose of furnishing information needed by the Director of the Department of Finance in passing on
this application as provided in Chapter 27, Title 26, Idaho Code, we hereby submit the attached information:
Dated this _________ day of ____________________, ______.
NAME
ADDRESS
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
1
APPLICATION FOR AUTHORITY TO OPERATE A
BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION
To the Director of the Department of Finance
PO Box 83720
Boise ID 83720-0031
Under the authority of a resolution of the Board of Directors of this corporation, authorized to do business in
this State, duly adopted, and incorporated in the minutes of a meeting held on the _________ day of
____________________, ______, application is hereby made for authority to act as a business and industrial
development corporation under the laws of this State and under such rules and regulations as the Director of
the Department of Finance may prescribe.
____________________________________
_________________________________________
(Legal name of applicant)
(Legal address of applicant)
(Corporate Seal)
By: ______________________________________
Attest:
__________________________________
(Corporate Secretary)
2
INFORMATION REQUIRED FOR APPLICATION
OF A BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATION
Proposed Name of Company
Physical Address
Mailing Address
City, State, Zip
Telephone Number
1) One copy of the Articles of Incorporation and Bylaws of the proposed company.
2) A certified copy of the resolution authorizing application.
3) Satisfactory proof that the corporation’s entire capital stock has been paid in cash as provided for in Idaho
Code § 26-2709.
4) Satisfactory proof that the applicant will at all times maintain sufficient errors and omissions coverage
and directors' and officers' liability insurance.
5) Include a non-refundable application fee of $2,500.
3
A. INFORMATION REGARDING PROPOSED CAPITALIZATION
Reference is made to Idaho Code § 26-2709, wherein a minimum capitalization of one million
1
dollars ($1,000,000) is required for a charter.
DESCRIPTION
AMOUNT
Common Stock
(_________ No. of Shares @ $__________ Par Value)
____________________________________________________________________________________
Other Capital Segregations
____________________________________________________________________________________
TOTAL
____________________________________________________________________________________
NOTE: Attach a copy of the stock subscription form and prospectus, if any, which will be used in connection
with the issuance of capital stock.
List amounts and recipients of any fees or commissions paid in connection with the sale of stock:
Minimum and maximum number of shares to be sold to any one person and his associates.
Attach a copy of the Dividend Policy pursuant to Idaho Code § 26-2714(4).
1
Pursuant to Idaho Code § 26-2709(3) the director shall consider the types and variety of financing assistance that the
applicant plans to provide; the experience that the directors, officers, and controlling persons of the applicant have in
providing financing and managerial assistance to business firms; the financial projections and other relevant information
from the applicant’s business plan; and whether the applicant intends to operate as a profit or nonprofit corporation in
determining if the applicant has a net worth or firm financing commitments adequate to transact business as a BIDCO.
4
B. FINANCIAL PRO FORMA AND CONDITION
(1)
If the applicant is an existing business entity, submit as a part of this application copies of the company's
current financial statements (balance sheet and earnings), and year-end audited financial statements for
the past three years. Estimate the period of time that will be required for the proposed company to
operate on a profitable basis and discuss any additional facts that might influence profitability.
(2) Pro Forma Statement of Condition - Beginning of Business
Assets
Amount
Liabilities & Capital
Amount
Cash and Due from Banks
All Liabilities (List)
Investment Securities
Premises, Furniture
and Equipment
Other Assets
Total Liabilities
Capital Stock
Other Capital Accounts
Total Capital
TOTAL LIABILITIES &
TOTAL ASSETS
CAPITAL
5