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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE XXII CORPORATIONS
  • CHAPTER 160 RAILROADS
  • Section 44 Designation of preferred stock; filing of record of proceedings; contents of certificate

Section 44. Each class of preferred stock issued under authority of the preceding section shall be designated by a name approved by the department to distinguish it from all other classes of stock of the corporation. A certified copy of the vote creating, and of the order of the department approving the creation of, any class of preferred stock shall be filed in the office of the department and in the office of the commissioner of revenue. Every certificate of stock issued by a railroad corporation after the approval by the department of the creation by it of preferred stock shall contain a reference to all votes creating preferred stock and a brief description of the respective preferences, rights and restrictions of each class of said stock.