New Mexico Statutes 63-1-10. [Contents of bylaws.]
Where no other provision is especially made by this chapter, a railroad corporation may, by its bylaws, provide for:
Terms Used In New Mexico Statutes 63-1-10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Quorum: The number of legislators that must be present to do business.
A. the time, place and manner of calling and conducting the meetings of its directors and stockholders;
B. the number of stockholders constituting a quorum at meetings of stockholders; C. the mode of voting by proxy at meetings of stockholders;
D. the time for holding annual elections for directors and the mode and manner of giving notice thereof;
E. the compensation and duties of officers;
F. the manner of election and the tenure of office of all officers other than the directors;
G. suitable fines for violation of bylaws, not exceeding in any case one hundred dollars [($100)] for any one offense; and
H. the mode and manner of collecting assessments, except as otherwise provided in this chapter.