N.Y. Railroad Law § 238: Increased deposit, when and how required

§ 238. Increased deposit, when and how required. In case any of the

securities deposited in lieu of money as provided in section two hundred

and twenty-five, shall in the opinion of the county treasurer or trust

company with whom they may be deposited, fall below their actual value

at the time of deposit, the county treasurer or trust company shall call

upon such railroad corporation to substitute therefor other securities

equivalent at their par or market value to the amount in lieu of which

the securities for which they are to be substituted were deposited, and

in case such other securities shall not be furnished, the county

treasurer or trust company shall call upon such corporation to furnish

as a substitute, and it shall so furnish an amount of money equal to the

amount in lieu of which the securities first above referred to were

deposited.