370.020.  Certificate of organization, contents — membership shares, minimum, maximum par value. — The certificate of organization shall state:

  (1)  The name of the proposed credit union and the city, town, or village in which its business office is located;

  (2)  The names and addresses of the subscribers to the certificate, and the number of shares subscribed by each;

  (3)  A statement that organization as a credit union is desired under this particular law;

  (4)  The par value of the regular shares, which shall not exceed one hundred dollars;

  (5)  The par value of membership shares, if any, which shall not be less than twenty-five nor more than one hundred dollars.