Georgia § 46-8-53 - Procedure for issuing bonds or increasing capital stock.
Full text of Georgia Official Code of Georgia Annotated § 46-8-53 — Procedure for issuing bonds or increasing capital stock., with citation guidance and answers to common questions.
§ 46-8-53. Procedure for issuing bonds or increasing capital stock.
In no case shall a railroad corporation issue bonds or increase its capital stock except by a vote of two-thirds of the capital stock of the corporation represented at an annual or special meeting of stockholders called for that purpose, and after each stockholder has been notified in the manner prescribed by the bylaws. In addition to such notice, there shall be published in a newspaper in the city where the principal office of the corporation is located, once a week for four weeks prior to the meeting, a notice stating that an increase of the stock or an issuance of bonds for the road, or both, will be considered at the meeting. No action contemplated under this Code section as to an increase of stock or the issuance of bonds shall be legal unless there is represented at the meeting, in person or by written proxy, a majority of the stock. (Ga. L. 1892, p. 37, § 7; Civil Code 1895, § 2165; Civil Code 1910, § 2583; Code 1933, § 94-206.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 46-8-53
What does Official Code of Georgia Annotated § 46-8-53 cover?
Section 46-8-53 ("Procedure for issuing bonds or increasing capital stock.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 46-8-53?
A common citation format is "Official Code of Georgia Annotated § 46-8-53" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 46-8-53 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.