New Jersey § 48:12-16

§ 48:12-16.

Every railroad company may, by certificate and proceeding in the manner prescribed

by sections 14:11-1 to 14:11-5 of the title Corporations, General: a. Change its name; b. Decrease or increase its capital stock; c. Create one or more classes of preferred stock or prior preference or other special

stock; d. Extend its corporate existence; e. Change the par value of any class or all classes of the shares of its capital stock

with par value; f. Change the number of its outstanding shares of any class of stock into a different

number of shares of said class; g. Change its preferred or special stock into one or more classes of preferred or

special or common stock, or any or all of them; h. Change its common stock into one or more classes of preferred or special or other

common stock, or any or all of them; i. Change stock with par value (of any class or classes) into stock without par value

of the same or of a different class or classes; j. Change stock without par value into stock with par value of the same or of a different

class or classes, either with or without increasing or decreasing the number of shares; k. Provide for funding or satisfying rights in respect to dividends in arrears by

the issuance of stock therefor or otherwise; l. Provide for the creation and issuance of optional rights to subscribe to stock; m. Make other provision for the readjustment or reclassification of all or part of

its capital stock; or n. Alter or amend existing provisions for the regulation of the management and affairs

of the corporation.