"Authorized shares" refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. Outstanding shares are shares of stock that have been issued.Complete, sign, and record the requisite paperwork, fill out any government forms, and voila, your startup has issued stock to its cofounders. Common stock should be recognized on its settlement date (i.e. , the date the proceeds are received and the shares are issued). You do not have to issue all shares authorized; that way, you have the flexibility to add more shareholders at a later date. Issued shares are drawn from the total pool of authorized shares and can never exceed the number of authorized shares. The County of Contra Costa is responsible for assessing, collecting and apportioning property taxes for the District. She is authorized to use in the course and scope of his or her employment. The PHA will give the family information on how to fill out and. 8.