---
title: O.C.G.A. § 46-8-332. Power of street, suburban, or interurban railroad corporation to increase capital stock; manner of increase.
collection: code
id: 46-8-332
cite_as: O.C.G.A. § 46-8-332 (2025)
canonical_url: https://georgiacommons.org/code/46-8-332
md_url: https://georgiacommons.org/code/46-8-332.md
text_url: https://georgiacommons.org/code/46-8-332/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t46-(v34)-2025-pdf.pdf?sfvrsn=48adb3c4_0#page=772
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / RAILROAD COMPANIES / STREET, SUBURBAN, AND INTERURBAN RAILROADS
---

# O.C.G.A. § 46-8-332. Power of street, suburban, or interurban railroad corporation to increase capital stock; manner of increase.

(a) Any corporation owning or operating a street, suburban, or interurban railroad in this state shall have the right to increase its capital stock from time to time.

(b) In no case shall an increase of capital stock be made except by a vote of two-thirds of the outstanding capital stock entitled to vote by the terms of the charter, represented either in person or by proxy at an annual or special meeting of stockholders called for the purpose and after each stockholder has been notified in the manner, if any, prescribed for giving notice of stockholders’ meetings in the bylaws of the corporation. In addition to such notice, there shall be published in some newspaper in the town or city where the principal office of the corporation is located, once a week for four weeks prior to the time of holding said meeting, a notice stating that at such meeting an increase of the stock of the company will be considered.

## History

Ga. L. 1902, p. 68, § 1; Civil Code 1910, § 2601; Ga. L. 1925, p. 94, § 1; Code 1933, §§ 94-1003, 94-1004.