In addition to all of the information required in an application for a new charter under the Code, the application shall contain information showing:

1. (1) The character, financial responsibility, business experience and standing in the community of the prospective incorporators;
2. (2) The character, financial responsibility, savings and loan experience, and business qualifications of the proposed managing officer;
3. (3) That conditions in the community or market area in which the new savings and loan association will transact business afford reasonable promise of a successful operation;
4. (4) That the incorporators and the proposed managing officer have the capability, both financial and managerial, to establish and maintain this association;
5. (5) The projected and proposed annual budget for the association during its first three years of operation.

Transferred from 625:10-1-3 (see Editor's Note at beginning of this Chapter)