New York § 145 Stocks of municipal corporations, how represented

New York Statutes

§ 145 — Stocks of municipal corporations, how represented

New York § 145

Law RRDRailroad

Art. 4Consolidation, Lease, Sale and Reorganization

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Bluebook

N.Y. Railroad § 145 (2026).

Text

  § 145. Stocks of municipal corporations, how represented.  At any\nmeeting of the stockholders of any railroad corporation to consider any\nagreement or proposition of consolidation, merger, lease or conveyance,\nor other matter, the commissioners or other officers of any municipal\ncorporation holding or having charge of any of the capital stock of such\nrailroad corporation shall represent such municipal corporation, and may\nact and vote in person or by proxy on all matters relating to such\nconsolidation or lease in the same manner as individual stockholders.\n

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§ 145. Stocks of municipal corporations, how represented. At any\nmeeting of the stockholders of any railroad corporation to consider any\nagreement or proposition of consolidation, merger, lease or conveyance,\nor other matter, the commissioners or other officers of any municipal\ncorporation holding or having charge of any of the capital stock of such\nrailroad corporation shall represent such municipal corporation, and may\nact and vote in person or by proxy on all matters relating to such\nconsolidation or lease in the same manner as individual stockholders.\n