Section 238. Increased deposit, when and how required  


Latest version.
  • In case any of the
      securities deposited in lieu of money as provided in section two hundred
      and twenty-five, shall in the opinion of the county treasurer  or  trust
      company  with  whom they may be deposited, fall below their actual value
      at the time of deposit, the county treasurer or trust company shall call
      upon such railroad corporation to substitute therefor  other  securities
      equivalent  at  their par or market value to the amount in lieu of which
      the securities for which they are to be substituted were deposited,  and
      in  case  such  other  securities  shall  not  be  furnished, the county
      treasurer or trust company shall call upon such corporation  to  furnish
      as a substitute, and it shall so furnish an amount of money equal to the
      amount  in  lieu  of  which  the securities first above referred to were
      deposited.