{"data":{"id":"us-nm/63-1-4","jurisdiction":"us-nm","citation":"63-1-4","heading":"[Subscriptions to capital stock; minimum amount paid in.]","body":"The corporators of each intended corporation, before filing articles of incorporation, must have actually subscribed to the capital stock of the corporation at least one thousand dollars [($1,000)] for each mile of its road and branches, and at least ten percent thereof must have been paid for the benefit of the corporation, to a treasurer appointed by the subscribers in its articles of incorporation, or their attorneys-in-fact as aforesaid.","path":["Chapter 63 - Railroads and Communications","ARTICLE 1 Organization and Management of Railroads"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18566/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"e0245f48e9ed90a59b1656d69c41bfb4c60149afc857ba388b38188da9b68194","source_id":"us-nm","stale":false,"prev":"us-nm/63-1-3","next":"us-nm/63-1-5"},"notice":"GroundRules: Original legal text. Not legal advice."}