Welcome Middlesex Water Company Investors. Our online tools allow shareholders to complete any tasks digitally."Authorized shares" refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. The Plan is a direct stock purchase plan designed to provide existing holders of. Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. Simeon J. George is obligated to transfer any shares issued under the Stock Option to S.R. One. NO employee of the Borough of. Please fill out this field. We can provide you with guidance on how to fill out forms. We can usually answer questions about court deadlines.