Georgia § 46-8-44 Subscription to capital stock; par value of stock; subscription to all capital stock as prerequisite to beginning railroad construction

Georgia Statutes

§ 46-8-44 — Subscription to capital stock; par value of stock; subscription to all capital stock as prerequisite to beginning railroad construction

Georgia § 46-8-44

Title46

This text of Georgia § 46-8-44 (Subscription to capital stock; par value of stock; subscription to all capital stock as prerequisite to beginning railroad construction) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 46-8-44 (2026).

Text

(a)When the certificate of incorporation has been issued, the persons named therein, in case they have not subscribed to the entire capital stock, may open books of subscription to complete the subscription to the capital stock of the company, in such places and after giving such notice as they may deem expedient, and may from time to time receive subscriptions until all of the capital stock is subscribed to.

(b)The capital stock of the company shall be divided into shares of $100.00 each.

(c)The company shall not begin the construction of the railroad until all of the capital stock specified in the petition for incorporation has been subscribed to.

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(a) When the certificate of incorporation has been issued, the persons named therein, in case they have not subscribed to the entire capital stock, may open books of subscription to complete the subscription to the capital stock of the company, in such places and after giving such notice as they may deem expedient, and may from time to time receive subscriptions until all of the capital stock is subscribed to. (b) The capital stock of the company shall be divided into shares of $100.00 each. (c) The company shall not begin the construction of the railroad until all of the capital stock specified in the petition for incorporation has been subscribed to.