At all general meetings of the stockholders, those holding a majority in the value of the stock of any such corporation may fix the rates of interest which shall be paid by the corporation for loans for the construction of such railway and its appendages and the amount of such loans.
Source: G.L. § 300. G.S. § 335. R.S. 08: § 5415. C.L. § 2820. CSA: C. 139, § 6. CRS 53: § 116-1-7. C.R.S. 1963: § 116-1-7.
Structure Colorado Code
Article 20 - Organization and Government
§ 40-20-101. Certificate of Incorporation
§ 40-20-102. Powers of Corporation
§ 40-20-104. May Guarantee Bonds and Interest
§ 40-20-105. Construction Started Within Two Years
§ 40-20-106. Directors - Election
§ 40-20-107. Stockholders to Fix Interest and Loans
§ 40-20-108. Purchase or Lease of Other Lines - Sale
§ 40-20-109. Dining Cars Need No License
§ 40-20-110. Title to Equipment
§ 40-20-111. Lease May Stipulate Sale