Statutes > New Mexico Statutes > Chapter 63 - Railroads and Communications. > Article 1 - Organization and Management of Railroads, 63-1-1 through 63-1-42. > Section 63-1-5 - Affidavit stating amount of stock subscribed and amount paid.

Section 63-1-5 - Affidavit stating amount of stock subscribed and amount paid.

63-1-5. [Affidavit stating amount of stock subscribed and amount paid.]

There must be securely attached to said articles of incorporation, an affidavit of the treasurer named therein, that the requisite amount of the capital stock of the intended corporation has been actually subscribed, and that ten percent thereof has been actually paid to him for the benefit of said corporation, stating the amount of stock subscribed, and the amount actually paid in.