Section 64. The purchasing or consolidated company may, subject to section twenty-eight, increase its capital stock and issue bonds to an amount necessary for the purposes authorized in the preceding section, and may exchange its securities for those of the selling or merged company, if the aggregate amount of the capital stock and debt of the two contracting companies shall not by reason of such purchase and sale or consolidation be increased.
Section: Previous 57 58 59 60 61 62 63 64 65 66 67 68 69 69A 70 NextLast modified: September 11, 2015