State Codes and Statutes

Statutes > New-jersey > Title-48 > Section-48-12 > 48-12-16

48:12-16.  Change of name;  extension of corporate existence;  change in amount and classes of stock
    Every railroad company may, by certificate and proceeding in the manner prescribed by sections 14:11-1 to 14:11-5 of the title Corporations, General:

    a.  Change its name;

     b.  Decrease or increase its capital stock;

     c.  Create one or more classes of preferred stock or prior preference or other special stock;

     d.  Extend its corporate existence;

     e.  Change the par value of any class or all classes of the shares of its capital stock with par value;

     f.  Change the number of its outstanding shares of any class of stock into a  different number of shares of said class;

     g.  Change its preferred or special stock into one or more classes of preferred or special or common stock, or any or all of them;

     h.  Change its common stock into one or more classes of preferred or special  or other common stock, or any or all of them;

     i.  Change stock with par value (of any class or classes) into stock without  par value of the same or of a different class or classes;

     j.  Change stock without par value into stock with par value of the same or  of a different class or classes, either with or without increasing or decreasing the number of shares;

     k.  Provide for funding or satisfying rights in respect to dividends in arrears by the issuance of stock therefor or otherwise;

       l.    Provide for the creation and issuance of optional rights to subscribe to stock;

     m.  Make other provision for the readjustment or reclassification of all or  part of its capital stock;  or

     n.  Alter or amend existing provisions for the regulation of the management  and affairs of the corporation.