The New Corporation Laws of the State of New York : As Revised By the Commissioners of Statutory Revision, Passed By the Legislature of 1890, And Amended in 1891 ... Copious Forms of Certificates Under the Various Acts ...
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Sworn to before me, this 1 ...day of 189 . i EF, Notary Public, County, N. Y. Note.— Heretofore the comptroller's mdorsement has been deemed to be required only upon the duplicate certiQcate to be flled In the ofQce ol the secretary of state, and not upon the one to be flled with the county clerk. Under the provisions of section 46 above, however, it seems quite evident that the approval must be indorsed upon both certificates, and no good reason is apparentwhy the certificates should not be du...plicates as to the indorsement as well as in other respects. A fee of two dollars Is payable at the comptroller's office for each certificate of approval. No form of certificate of approval is appended here as a printed blank pre- pared by the comptroller is used by that official. § 47. "Wlien preferred may be exchanged for com- mon stock. — Every domestic corporation having pre- ferred and common stock may, upon the written request of the holder of any preferred stock, by a two- thirds vote of its directors, exchange the same for com- mon stock, and issue certificates for common stock therefor share for share, or upon such other valuation as may have been agreed upon in the scheme for the THE STOCK CORPORA.TION LAW.
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