2013 New York Consolidated Laws
RRD - Railroad
Article 6 - (220 - 244) RAPID TRANSIT ACT OF 1875
228 - Commissioners to deliver certificate; affidavit of directors.


NY RR L § 228 (2012) What's This?
 
    §  228.  Commissioners to deliver certificate; affidavit of directors.
  Within ten days after the election of such directors  the  commissioners
  shall  deliver  to them a certificate in duplicate, verified by the oath
  of three commissioners, before a justice of the supreme  court,  setting
  forth  the  certificate  of  incorporation  and  the organization of the
  corporation for the purposes therein mentioned,  and  within  five  days
  after the reception by them of such certificates, three of the directors
  so  elected  shall  make  affidavit in duplicate that the full amount of
  stock has been subscribed in  good  faith  to  construct,  maintain  and
  operate  the  railroad or railroads in such certificate of incorporation
  mentioned, and such directors shall file such affidavits and certificate
  in the office of the secretary of state, and a duplicate of the same  in
  the  office  of  the  clerk of the county wherein such railroad shall be
  located;  and  thereupon  the  persons  who  have  so  subscribed   such
  certificate   of   incorporation   and  all  persons  who  shall  become
  stockholders in such corporation shall be  a  corporation  by  the  name
  specified in such certificate, and be subject to the duties, liabilities
  and restrictions of such corporations.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.