New York Laws
Article 6 - Rapid Transit Act of 1875
228 - Commissioners to Deliver Certificate; Affidavit of Directors.

§ 228. Commissioners to deliver certificate; affidavit of directors.
Within ten days after the election of such directors the commissioners
shall deliver to them a certificate in duplicate, verified by the oath
of three commissioners, before a justice of the supreme court, setting
forth the certificate of incorporation and the organization of the
corporation for the purposes therein mentioned, and within five days
after the reception by them of such certificates, three of the directors
so elected shall make affidavit in duplicate that the full amount of
stock has been subscribed in good faith to construct, maintain and
operate the railroad or railroads in such certificate of incorporation
mentioned, and such directors shall file such affidavits and certificate
in the office of the secretary of state, and a duplicate of the same in
the office of the clerk of the county wherein such railroad shall be
located; and thereupon the persons who have so subscribed such
certificate of incorporation and all persons who shall become
stockholders in such corporation shall be a corporation by the name
specified in such certificate, and be subject to the duties, liabilities
and restrictions of such corporations.