Section 2. Such company shall not at any time contract or owe debts to a larger amount than one half of its capital stock actually paid in.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 166 - Telephone and Telegraph Companies, and Lines for the Transmission of Electricity
Section 3 - Liability of President and Treasurer for Wilful Neglect or Omission
Section 4 - Issue of Stock, Bonds, Coupon Notes and Other Evidences of Indebtedness
Section 5 - Enforcement of Orders of Department Relating to Stocks and Bonds
Section 6 - Improper Issue; Penalty
Section 7 - Increase of Capital Stock; Shareholders' Rights to New Shares
Section 8 - Shares Authorized to Be Sold at Auction; Place of Sale
Section 9 - Issue of Stock or Scrip Before Payment for Shares at Par
Section 10 - Effect of Issue of Stock or Scrip Before Payment for Shares; Liability of Directors
Section 12 - Failure to Make Annual Return; Penalty
Section 12a - Condensed Return of Business and Financial Condition
Section 14a - Enhanced 911 Service
Section 15 - Equal Facilities for Those Connecting With Exchange; Enforcement
Section 15a - Entitlement to Hand Sets as Station Equipment
Section 15b - Sales and Transfers to Similar Corporations
Section 15c - Emergency Calls; Refusal to Yield Party Line; Misrepresentation of Emergency
Section 16 - Receipt and Transmission of Despatches
Section 17 - Rates to Other Telegraph Companies or by Mail
Section 18 - Violations; Penalties
Section 19 - Liability for Negligent Transmission; Claim; Exceptions
Section 20 - Indication of Time Filed and Received on Addressee's Copy
Section 21 - Location of Construction of Electric Transmission Lines
Section 21a - Coming Into Close Proximity to High Voltage Lines
Section 21b - Protection of Overhead High Voltage Lines
Section 21c - Warnings; Operation of Equipment Near High Voltage Lines
Section 21d - Warning Signs; Size; Posting
Section 21e - Notification of Operation Near High Voltage Lines
Section 21f - Exemptions; Definitions
Section 21g - Violations; Penalties; Liability
Section 22 - Consent of Municipal Officers to Construct or Alter Lines
Section 22b - Program for Prohibition or Removal of Overhead Wires
Section 22c - Prohibition and Removal of Overhead Wires; Fines and Penalties
Section 22d - Removal of Overhead Wires; Sequence; Replacement; Fines and Penalties
Section 22e - Cooperative Agreements to Remove Overhead Wires
Section 22f - Notice of Hearing or Ordinance to Remove Overhead Wires
Section 22g - Emergency Erection of Overhead Wires
Section 22h - Underground Construction; Responsibility of Utility
Section 22i - Underground Construction; Customer Service Facilities
Section 22j - Removal of Municipal Equipment From Poles
Section 22k - Extension of Time for Removal
Section 22l - Rate Differential; Adoption of Removal Ordinance
Section 22m - Billing Surcharge; Adoption of Removal Ordinance
Section 22n - Effective Date of Adopting Ordinance
Section 23 - Citizens Establishing and Maintaining Lines
Section 24 - Construction of Lines for Private Use; Privileges of Town; Protection of Lines
Section 25 - Underground Telegraph, Telephone or Television Lines; Regulations
Section 25a - Attachments; Regulation by Department of Public Utilities
Section 26 - Violation of Regulations
Section 27 - Approval by Department of Ordinances or Regulations of Municipality
Section 29 - Persons Entitled to Damages
Section 30 - Regulations Concerning Wires
Section 31 - Fixtures Supporting Wires or Cables; Marking to Show Ownership
Section 32a - Inspector of Wires Working as Electrician; Inspection by Assistant Inspector
Section 33 - Enforcement of Secs. 30 to 32
Section 34 - Poles and Other Structures Used to Support Lines; Protection of Employees and Public
Section 35 - Use of Poles and Other Fixtures for Communication Without Consent of Owner
Section 36 - Marking Name of Corporation Maintaining or Operating on Poles or Other Fixtures
Section 37 - Prescriptive Easements
Section 38 - Intentional Injury or Destruction of Property; Penalty
Section 39 - Temporary Removal of Wires; Refusal of Company to Act
Section 40 - Removal of Wires Without Notice; Penalty
Section 41 - Removal of Wires Without Notice; Exception
Section 42 - Liability of Telegraph Company for Injury Caused by Poles, Wires or Other Apparatus
Section 42a - Telecommunication Service; Fraud; Penalty