Wyoming § 37-9-101 Mortgages; issue of corporate bonds; provisions
as to bonds

Wyoming Statutes

§ 37-9-101 — Mortgages; issue of corporate bonds; provisions as to bonds

Wyoming·Title 37 Public Utilities·Ch. 9 RAILROADS·Art. 1 ORGANIZATION; BONDS; CONSOLIDATION

Every railroad company organized under the general incorporation
laws of this state shall have power and is hereby authorized to
mortgage or execute deeds of trust, in whole or in part, of the
real and personal property and franchises, including its lands
or other property granted to said company by the United States,
or any state or territory, to secure money borrowed by them for
the construction and equipment of their roads, and may also
issue their corporate bonds in sums not less than one thousand
dollars ($1,000.00); to make all of said mortgages or deeds of
trust payable to bearer or otherwise, negotiable by delivery,
bearing interest at rates not to exceed ten percent (10%) per
annum, convertible into stock or not, at the option of the
holder, and may sell the same at such rates and

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Every railroad company organized under the general incorporation
laws of this state shall have power and is hereby authorized to
mortgage or execute deeds of trust, in whole or in part, of the
real and personal property and franchises, including its lands
or other property granted to said company by the United States,
or any state or territory, to secure money borrowed by them for
the construction and equipment of their roads, and may also
issue their corporate bonds in sums not less than one thousand
dollars ($1,000.00); to make all of said mortgages or deeds of
trust payable to bearer or otherwise, negotiable by delivery,
bearing interest at rates not to exceed ten percent (10%) per
annum, convertible into stock or not, at the option of the
holder, and may sell the same at such rates and prices as they
may deem proper, and if said bonds shall be sold below their
nominal or par value, they shall be valid and binding upon the
company, and no plea of usury shall be put in or allowed by said
company in any suit or proceeding upon the same. The principal
and interest of said bonds or either of them may be made payable
within or without this state, at such place as may be determined
upon by said company.

Wyoming § 37-9-101 (Mortgages; issue of corporate bonds; provisions as to bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.