Massachusetts § 4 Issue of stock, bonds, coupon notes and other evidences of indebtedness

Massachusetts Statutes

§ 4 — Issue of stock, bonds, coupon notes and other evidences of indebtedness

Massachusetts § 4

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 166TELEPHONE AND TELEGRAPH COMPANIES, AND LINES FOR THE TRANSMISSION OF ELECTRICITY

This text of Massachusetts § 4 (Issue of stock, bonds, coupon notes and other evidences of indebtedness) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 166, § 4 (2026).

Text

Section 4. Such company shall issue only such amount of stock and bonds, and of coupon notes and other evidences of indebtedness payable at periods of more than three years, as the department of telecommunications and cable may from time to time approve as reasonably necessary for the purpose for which such issue of stock, bonds, coupon notes or other evidences of indebtedness has been authorized. Said department shall on an application for such issue, within thirty days after the final hearing thereon, render a written decision assigning the reasons therefor, and, if approving such issue, specifying the respective amounts of stock, bonds, coupon notes or other evidences of indebtedness approved for the respective purposes to which the proceeds thereof are to be applied. The decision shall

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Section 4. Such company shall issue only such amount of stock and bonds, and of coupon notes and other evidences of indebtedness payable at periods of more than three years, as the department of telecommunications and cable may from time to time approve as reasonably necessary for the purpose for which such issue of stock, bonds, coupon notes or other evidences of indebtedness has been authorized. Said department shall on an application for such issue, within thirty days after the final hearing thereon, render a written decision assigning the reasons therefor, and, if approving such issue, specifying the respective amounts of stock, bonds, coupon notes or other evidences of indebtedness approved for the respective purposes to which the proceeds thereof are to be applied. The decision shall, within seven days after it has been rendered, be filed in the office of the department and a certificate of said decision shall, within three days after rendition and before the stock, bonds, coupon notes or other evidences of indebtedness as aforesaid are issued, be filed in the office of the state secretary, and a duplicate thereof delivered to the corporation which shall enter the same upon its records. Such corporation shall not apply the proceeds of such stock, bonds, coupon notes or other evidences of indebtedness as aforesaid to any purpose not specified in such certificate.