Mississippi § 77-9-101 - Preparation of application to governor by persons desiring creation of railroad corporation.

§ 77-9-101. Preparation of application to governor by persons desiring creation of railroad corporation.

Persons desiring the creation and organization of a railroad corporation may prepare an application therefor, in writing, addressed to the governor, in which they shall declare: The names, residence and post office of each of the applicants; The terminal points of the proposed railroad; if either or both be without this state, the point at or near which the state line is proposed to be crossed; The amount of authorized capital stock, with full particulars as to the class or classes thereof, including all their privileges and restrictions, and whether having a par value or being without nominal or par value; The sale price per share, if desired, of stock without par value and authority for the board of directors to fix or change such sale price, if such authority be desired; The number of shares of each class of stock necessary to be subscribed and paid for before the corporation shall commence business; The line of the proposed railroad in this state; The name by which the corporation is to be known; The time within which it is hoped the railroad will be completed. If the applicants be the purchasers of a railroad at an execution, judicial, deed in trust or mortgage sale thereof, they shall present with their application a certified copy of the conveyance under which they hold, and shall disclose in addition: The facts of the purchase, the date thereof, when, where, and by what proceedings; The name of the former railroad company or corporation, with its location and termini; The amount of money paid for the property, and its real value, and the sum at which it is proposed to capitalize it.