GroundRules
Miss. Code Ann. § 77-9-153: Increasing capital stock; issuing preferred stock to satisfy obligations.
Where this section sits in the code
- Title 77. Public Utilities and Carriers
- Chapter 9. Railroads and Other Common Carriers
- Article 3. Railroads and Railroad Corporations.
- General Corporate Powers
To increase, from time to time, its capital stock, but never to exceed the amounts actually expended by the railroad company in constructions, completions, equipments, and additions to its railroad and property; a stockholder shall not be liable for the debts of the corporation beyond the sum due for unpaid subscriptions.
To issue preferred stock and fix the face value of each share at such amount as shall be determined by the board of directors, for the purpose of satisfying, paying and retiring the outstanding bonds, notes, secured or unsecured, or any other evidence of obligations of any kind or character, which obligations have been or shall be incurred by the railroad corporation.
Collected 2026-10-27T05:54:18Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source