New Jersey Statutes
§ 48:15-13 — Borrowing money; limitation
New Jersey·Title 48 PUBLIC UTILITIES
Any street railway or traction company may borrow from time to time such sums of money as may be necessary for the accomplishment of the objects of the company, not exceeding at any one time the amount of its capital stock issued, outstanding and fully paid for. Amended by L.1946, c. 287, p. 981, s. 2, eff. May 3, 1946.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 48:15-13 (Borrowing money; limitation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 48:15-10
General powers§ 48:15-13
Borrowing money; limitation§ 48:15-14
Bonds and mortgages; recording mortgages§ 48:15-16.1
Power of condemnation§ 48:15-19
Carrying newspapers, freight and express§ 48:15-20
Change of gauge§ 48:15-21
Joint use of tracks and equipment§ 48:15-22
Steam locomotives prohibited