Effective - 28 Aug 2020, 2 histories
392.020. Articles, where filed — powers when incorporated. — 1. The original articles of association shall be recorded in the office of the recorder of deeds of the county in which the corporation is to be located, and then be filed in the office of the secretary of state, who shall carefully preserve the same in his office, and thereupon the subscribers and the persons who, from time to time, shall become stockholders in such company, and their successors, shall be a body politic and corporate, by the name stated in such articles of association, and shall have power to construct, own, operate and maintain lines of telephone and magnetic telegraph between such points as they may from time to time determine, and to make such reasonable charges for the use of the same as they may establish; and shall have power to lease or attach to their lines other telephone or telegraph lines by lease or purchase; and meetings of the stockholders or of the directors of such corporation may be held for the transaction of business as well without as within this state.
2. A copy of the articles of association, certified by the secretary of state or his deputy, under the seal of the state, shall be prima facie evidence of the incorporation of such company, and of the facts stated therein. Any such company, through its board of directors, with the consent of the persons holding the larger amount in value of the stock, shall have power to reduce its capital stock to any amount not below the actual cost of construction, and in like manner and with like consent to increase the capital stock from time to time as in their judgment may be necessary, not exceeding an amount which, when fully paid up, shall be required for the business of the company, which consent shall be obtained in the manner prescribed by law.
3. Any corporation formed for the purpose of section 392.010, or operating under the provisions of subsection 1 of section 351.030, may amend the articles of association to include a statement referencing the corporation's operating designation as described in 26 U.S.C. Section 501(c)(12), as amended.
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(RSMo 1939 § 5322, A.L. 2020 H.B. 1768)
Prior revisions: 1929 § 4917; 1919 § 10128; 1909 § 5322
Structure Missouri Revised Statutes
Title XXV - Incorporation and Regulation of Certain Utilities and Carriers
Chapter 392 - Telephone and Telegraph Companies
Section 392.010 - Telephone and telegraph corporations, by whom and how formed.
Section 392.020 - Articles, where filed — powers when incorporated.
Section 392.030 - Powers of corporation.
Section 392.040 - Election of directors — appointment of officers.
Section 392.050 - Directors, procedure for election of.
Section 392.060 - Meeting of board.
Section 392.070 - Consolidation of companies.
Section 392.090 - Mode of construction may be directed, by whom.
Section 392.100 - May enter upon lands, when.
Section 392.110 - No contract for exclusive use of land.
Section 392.120 - Power to own and maintain lines.
Section 392.140 - Duties in forwarding dispatches over other lines.
Section 392.160 - Penalty for transmitting false communications.
Section 392.175 - Operator services, live operator to be provided, when.
Section 392.180 - What definitions to apply.
Section 392.185 - Purpose of chapter.
Section 392.190 - Application of sections 392.190 to 392.530.
Section 392.205 - Public schools to have reduced rates.
Section 392.210 - Reports and records of telecommunication companies.
Section 392.240 - Rates — rentals — service and physical connections.
Section 392.246 - Petition for rate relief — relief to be granted, when.
Section 392.250 - Power of commission to order repairs or changes.
Section 392.310 - Approval of issues of stocks, bonds and other forms of indebtedness.
Section 392.320 - Certificate of commission to be recorded — stock dividends, permitted when.
Section 392.340 - Reorganization.
Section 392.350 - Liability for loss or damage.
Section 392.360 - Forfeiture — penalties.
Section 392.370 - Transitionally competitive telecommunications services, classified when.
Section 392.430 - Certificates to be approved, when.
Section 392.440 - Service authority, certificate of, approved when.
Section 392.451 - State adopts federal exemption for certain rural telephone companies.
Section 392.455 - Commission to establish certification process.
Section 392.461 - Exemption from certain rules, telecommunications companies.
Section 392.475 - Prohibition of resale, when.
Section 392.480 - Services to be offered under tariff.
Section 392.500 - Changes in rates, competitive telecommunication services, procedure.
Section 392.510 - Tariffs, bands and ranges allowed, when, requirements.
Section 392.520 - Private shared tenant services, coin operated telephone services, regulation of.
Section 392.530 - Construction of provisions of the chapter.