(805 ILCS 35/6) (from Ch. 32, par. 1006)
Sec. 6.
As soon as practicable after the receipt of the proposed articles
of incorporation, the Director shall, from the best sources of information
available, ascertain the character and general fitness of the applicants
and their standing in their respective communities. The Director shall
issue his certificate approving the articles of incorporation and
authorizing the applicants to proceed with the organization of the
development credit corporation if he is satisfied:
(1) That all the applicants are bona fide residents of the State;
(2) That they have the confidence of their respective communities;
(3) That the proposed articles of incorporation conform to the
provisions of Section 11 of this Act.
(Source: Laws 1965, p. 577.)
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