Oklahoma § 66-167 - Foreign corporations - Increase of capital stock

§ 66-167. Foreign corporations - Increase of capital stock

Every railroad corporation organized under the laws of any other

state or territory or the United States, that shall have within the

three (3) years prior to the taking effect of the Constitution of

this state, complied with the laws of the Territory of Oklahoma or

Indian Territory to authorize such corporation to transact business

within the Territory of Oklahoma or of the Indian Territory, or

either or both of them, and shall have complied with the provisions

of the preceding section, whose chartered line or route shall pass

through other states or territories, or other states and

territories, and the Territory of Oklahoma or Indian Territory, or

Oklahoma Statutes - Title 66. Railroads

either or both of them, and the capital stock of which, as provided

in its articles of incorporation, was or is insufficient to

construct its contemplated railroad and which has been, or is, in

order to construct the same, required by necessity to increase its

capital stock, and may increase its capital stock under the laws of

the state or territory of its creation, may file with the Secretary

of State of this state a certified copy of the proceedings of its

board of directors and stockholders authorizing such increase, and a

certificate of its chief engineer, under oath, showing the estimated

cost of its main line, sidetracks, and permanent improvements in the

state, and such corporation shall pay to the Secretary of State onetenth of one percent (1/10 of 1%) of such estimated cost, and such

other fees as required by law, without being required to pay to the

State of Oklahoma the fee required under Section 3253.

R.L. 1910, § 1455.