A corporation is a body which the law has artificially created. It has rights and duties entirely distinct from any or all of the persons who may own shares in it. There are special rules for banking, insurance and public service (street railway, etc.) corporations. Corporations are formed by complying with the laws of the State, which usually require the signing of articles of incorporation by the incorporators (these articles state the name, purposes, amount of capital stock, location of principal business office, period of duration, etc.), and the issuance of a certificate of incorporation (charter) by the secretary of state, after all taxes and fees required have been paid. A corporation has power: (1) To control the name it has adopted and a right to that name; (2) to sue and be sued; (3) to acquire, hold, use and sell such property as the purposes of the corporation (as stated in the articles of incorporation) may require; (4) to make by-laws not inconsistent with its purposes. It has numerous other rights but the above are the most important.