Indiana § 8-4-1-4 Subscriptions to the stock

Indiana Statutes

§ 8-4-1-4 — Subscriptions to the stock

Indiana·Art. 4 ORGANIZATION AND OPERATION OF·Ch. 1 Incorporation of Railroad Companies

The directors named in section 1 of this chapter
shall open books for subscription to the capital stock of the company,
at such times and in such places as a majority of them may direct, due
notices of which shall be given; and in case a greater amount of stock
shall be subscribed than the whole capital required by such company,
the directors shall distribute such capital stock, so subscribed, as
equally as possible among the subscribers, but no share thereof shall be
divided in making such distribution, nor shall a greater number of
shares be allotted to any one (1) subscriber than by him subscribed for.
Formerly: Acts 1852, 1RS, c.83, s.3. As amended by
P.L.62-1984, SEC.33.

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The directors named in section 1 of this chapter
shall open books for subscription to the capital stock of the company,
at such times and in such places as a majority of them may direct, due
notices of which shall be given; and in case a greater amount of stock
shall be subscribed than the whole capital required by such company,
the directors shall distribute such capital stock, so subscribed, as
equally as possible among the subscribers, but no share thereof shall be
divided in making such distribution, nor shall a greater number of
shares be allotted to any one (1) subscriber than by him subscribed for.
Formerly: Acts 1852, 1RS, c.83, s.3. As amended by
P.L.62-1984, SEC.33.

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