Upon the filing of the return and the payment of charter fees required by Chapter 29 of Title 33 the Secretary of State shall issue to the board of directors a certificate, to be known as a charter, that the corporation has been fully organized, according to the laws of this State under the name and for the purpose indicated in the written declaration; that it is fully authorized to commence business under its charter; that it is a body politic and corporate and as such may sue and be sued in any of the courts of this State; and, in the case of a railroad corporation, that it is entitled to all the rights and privileges and subject to all the liabilities of railroad corporations under the laws of this State.
HISTORY: 1962 Code Section 58-660; 1952 Code Section 58-660; 1942 Code Section 8183; 1932 Code Section 8183; Civ. C. '22 Section 4363; Civ. C. '12 Section 2877; Civ. C. '02 Section 1921; 1899 (23) 64.
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