2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 161 - Street Railways
Section 137 - Certificate of Incorporation; Organization of Railway Company

Universal Citation: MA Gen L ch 161 § 137 (2019)

Section 137. The state secretary shall receive the agreement of association, and preserve it in form convenient for reference and open to public inspection, and shall issue a certificate of incorporation in the form authorized by section nine. Thereupon, the company shall organize in the manner provided in this chapter for the organization of a company. Such company may begin business as soon as it is organized, and shall have all the rights and be subject to all the duties of a street railway company, except as otherwise provided in this and the preceding section. If said purchasers fail to organize a company as hereinbefore provided, all rights and powers to operate said railway shall thereupon cease.

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