48:12-17 - Voting by bondholders - New Jersey Statutes

48:12-17.  Voting by bondholders
    The stockholders of any railroad company may, by agreement expressed in the  certificate of incorporation, or in a supplementary certificate executed and  acknowledged by every stockholder and filed in like manner as the original  certificate, authorize and empower the holders of bonds of the company secured  by mortgage on its property and franchises, to vote at meetings of  stockholders, in person or by proxy, either for the election of directors or  for other purposes.

    Each bondholder shall cast as many votes as shall be fixed by the certificate of incorporation or by any supplemental certificate executed, acknowledged and filed as above provided, and the production of his bonds shall  be evidence of his right to vote.  Every bondholder so voting shall be subject,  to the extent of the amount of his bonds, to the same liabilities as stockholders.