Section 48:12-16 - Change of name; extension of corporate existence; change in amount and classes of stockEvery railroad company may, by certificate and proceeding in the manner prescribed by sections 14:11-1 to 14:11-5 of the title Corporations, General:
b. Decrease or increase its capital stock;c. Create one or more classes of preferred stock or prior preference or other special stock;d. Extend its corporate existence;e. Change the par value of any class or all classes of the shares of its capital stock with par value;f. Change the number of its outstanding shares of any class of stock into a different number of shares of said class;g. Change its preferred or special stock into one or more classes of preferred or special or common stock, or any or all of them;h. Change its common stock into one or more classes of preferred or special or other common stock, or any or all of them;i. Change stock with par value (of any class or classes) into stock without par value of the same or of a different class or classes;j. Change stock without par value into stock with par value of the same or of a different class or classes, either with or without increasing or decreasing the number of shares;k. Provide for funding or satisfying rights in respect to dividends in arrears by the issuance of stock therefor or otherwise;l. Provide for the creation and issuance of optional rights to subscribe to stock;m. Make other provision for the readjustment or reclassification of all or part of its capital stock; orn. Alter or amend existing provisions for the regulation of the management and affairs of the corporation.