South Carolina Statutes
§ 58-17-350 — Maximum amount of capital stock which may be named in certificate; increase.
The capital stock to be named in the certificate aforesaid shall in no case be greater than the amount of the capital stock specified in the original charter of the railroad so sold and any amendment or amendments thereto. Nothing herein contained, however, shall be construed to prevent an increase of capital stock to such additional amount as may be needed to convert any bonds or other indebtedness of the original corporation into stock and the corporation so formed may divide its capital stock into common and preferred stock upon such terms and with such conditions as may be prescribed.
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South Carolina § 58-17-350 (Maximum amount of capital stock which may be named in certificate; increase.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 58-905; 1952 Code SECTION 58-905; 1942 Code SECTION 8276; 1932 Code SECTION 8221; Civ. C. '22 SECTION 4785; Civ. C. '12 SECTION 3116; Civ. C. '02 SECTION 2042; G. S. 1420; R. S. 1610; 1881 (17) 793; 1889 (20) 377.
Nearby Sections
15
§ 58-17-10
Definitions.§ 58-17-110
Mandamus to require compliance with law.§ 58-17-1120
General corporate powers.§ 58-17-1130
Execution of mortgages; issuance of bonds.§ 58-17-1150
Acquisition of land and rights-of-way.§ 58-17-1160
Acquisition of rights-of-way around tracks.