| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 48, PUBLIC UTILITIES
Chapter 19: Extension of chapter to companies filing certificate prior to January 1, 1920
Section: 48:19-11: Increase of capital; approval of public utility commission
Each water company in this State may increase its capital stock by and with the consent of 2/3 of the stockholders of the company and upon filing certificate of such action in the office of the Secretary of State.
Nothing in this section contained shall be construed as authorizing any water company to issue any capital stock pursuant to this section until such company shall have first obtained authority so to do from the Board of Public Utility Commissioners in the manner provided by section 48:3-9 of this Title.
Amended by L.1962, c. 198, s. 190.
This section added to the Rutgers Database: 2012-09-26 13:37:55.
Older versions of 48:19-11 (if available):
Court decisions that cite this statute:
CLICK HERE.