Okla. Stat. tit. 66, § 66-1
This is the official text of Okla. Stat. tit. 66, § 66-1, part of Oklahoma’s Stat. tit. 66, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 66,." Browse the sections below, each linked to its official government source.
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Articles and certificate
Official statutory text
Any number of persons, not less than five, may form a
corporation for the purpose of constructing, maintaining and
operating a railroad for the transportation of freight and
passengers, and for the purpose of maintaining and operating any
railroad already constructed for the like purpose, by making
articles of organization in which shall be stated:
1. Name - the name of the corporation.
2. Termini - the place from and to which such railroad is to be
constructed, or maintained and operated, as the case may be.
3. Length and route - the estimated length of such railroad and
name of each county in this state through or into which it is made
or intended to be made.
4. Stock - the amount of the capital stock of the corporation,
the number of shares of which it shall consist, and if such stock
shall consist of common and preferred stock, the number and amount
of each class.
5. Directors and their duty - the names and residences of the
directors of the corporation, who shall manage its affairs for the
first year, and until others are chosen in their places, and who
shall be not less than five (5) nor more than thirteen (13) in
number;
and each such person shall subscribe thereto his name, place of
residence, and the number of shares of stock he agrees to take in
such corporation. There shall be annexed to such articles an
affidavit of at least three of the directors therein named, that the
signatures thereto are genuine, and that it is intended in good
faith to construct or maintain and operate the railroad therein
mentioned; and thereupon said articles and affidavits shall be filed
in the office of the Secretary of State, who shall endorse thereon
the date of their filing, and record the same. After such filing a
patent under the seal of the state, signed by the Governor and
Secretary of State, shall be issued in substantially the following
form:
Oklahoma Statutes - Title 66. Railroads Page 4
To all to whom these presents shall come, Greeting:
Whereas (naming the person subscribing the articles of
organization), have filed in the office of the Secretary of State
certain articles of organization with a view of forming a
corporation to be known as (here insert the name), and with a
capital of (here insert the amount), for the purpose of
constructing, maintaining and operating or maintaining and operating
with the provisions of the statutes in such cases made and provided;
therefore the State of Oklahoma hereby grants unto the above-named
persons and their associates, successors and assigns, full authority
privileges of a corporation for the purpose above stated and in
accordance with their said articles of organization and the laws of
this state.
In witness whereof these presents have been attested with the
great seal and signed and countersigned by the Governor and
Governor.
Secretary of State.
Upon the issue of such patent, the subscribers to such articles,
and all persons who shall hereafter become stockholders in such
corporation shall be a corporation by the name specified in such
articles, and shall possess all the powers and privileges, and be
subject to all the provisions of the law regulating railroad
corporations and the provisions of this chapter applicable thereto.
R.L. 1910, § 1376.
corporation for the purpose of constructing, maintaining and
operating a railroad for the transportation of freight and
passengers, and for the purpose of maintaining and operating any
railroad already constructed for the like purpose, by making
articles of organization in which shall be stated:
1. Name - the name of the corporation.
2. Termini - the place from and to which such railroad is to be
constructed, or maintained and operated, as the case may be.
3. Length and route - the estimated length of such railroad and
name of each county in this state through or into which it is made
or intended to be made.
4. Stock - the amount of the capital stock of the corporation,
the number of shares of which it shall consist, and if such stock
shall consist of common and preferred stock, the number and amount
of each class.
5. Directors and their duty - the names and residences of the
directors of the corporation, who shall manage its affairs for the
first year, and until others are chosen in their places, and who
shall be not less than five (5) nor more than thirteen (13) in
number;
and each such person shall subscribe thereto his name, place of
residence, and the number of shares of stock he agrees to take in
such corporation. There shall be annexed to such articles an
affidavit of at least three of the directors therein named, that the
signatures thereto are genuine, and that it is intended in good
faith to construct or maintain and operate the railroad therein
mentioned; and thereupon said articles and affidavits shall be filed
in the office of the Secretary of State, who shall endorse thereon
the date of their filing, and record the same. After such filing a
patent under the seal of the state, signed by the Governor and
Secretary of State, shall be issued in substantially the following
form:
Oklahoma Statutes - Title 66. Railroads Page 4
To all to whom these presents shall come, Greeting:
Whereas (naming the person subscribing the articles of
organization), have filed in the office of the Secretary of State
certain articles of organization with a view of forming a
corporation to be known as (here insert the name), and with a
capital of (here insert the amount), for the purpose of
constructing, maintaining and operating or maintaining and operating
with the provisions of the statutes in such cases made and provided;
therefore the State of Oklahoma hereby grants unto the above-named
persons and their associates, successors and assigns, full authority
privileges of a corporation for the purpose above stated and in
accordance with their said articles of organization and the laws of
this state.
In witness whereof these presents have been attested with the
great seal and signed and countersigned by the Governor and
Governor.
Secretary of State.
Upon the issue of such patent, the subscribers to such articles,
and all persons who shall hereafter become stockholders in such
corporation shall be a corporation by the name specified in such
articles, and shall possess all the powers and privileges, and be
subject to all the provisions of the law regulating railroad
corporations and the provisions of this chapter applicable thereto.
R.L. 1910, § 1376.
Status: in_force · Read it on the official government site
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