1903 private laws – Ch.404 Sec.4
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CHaptTerR 404 AN ACT TO INCORPORATE THE NORTH CAROLINA ANI OHIO RAILROAD COMPANY. The General Assembly of North Carolina do enact:
That after the organization of said company, the president and board of directors may again, from time to time, open books of subscription to the capital stock of said company, at such times and places and under such rules and regulations as they may prescribe. No stockholder shall be responsible for any amount greater than his unpaid subscription.