No aid as provided in ยง 23-11-304 shall be furnished, nor shall any purchase, lease, subletting, consolidation, or arrangements be perfected, until:
(1) A meeting of the stockholders of all the companies, parties to the agreement, whereby a railroad in this state may be aided, purchased, leased, sublet, consolidated, or affected by such an arrangement has been called by the directors thereof, at such time and place and in such manner as the directors shall designate, after giving sixty (60) days' notice of the meeting by advertisement in some daily or weekly newspaper printed and published in Little Rock, Arkansas, and such other newspapers elsewhere as the board of directors shall deem expedient;
(2) The holders of two-thirds (2/3) of the issued capital stock of such companies have assented thereto in person or by proxy; and
(3) A certificate thereof signed by the president and secretary of the company or companies has been filed in the office of the Secretary of State.
Section: Previous 23-11-302 23-11-303 23-11-304 23-11-305 23-11-306 23-11-307 23-11-308 23-11-309 23-11-310 23-11-311 23-11-312 23-11-313 23-11-314 23-11-315 NextLast modified: November 15, 2016