Although we cannot provide legal advice, we are available to assist in answering questions about filing corporate documents. Every corporation shall have power to create and issue the number of shares stated in its certificate of incorporation.Such shares may be all of one class. State: City: ZIP: Mailing address: Street: Street: Section C: Number of shares. What are Shares of Stock and how are they used? How does a corporation issue stock? Issuing stock isn't much different from drawing up a contract for any kind of sale. New York corporation formation requirements from BizFilings. Our New York guide provides NY incorporation requirements for your business. So they can repurchase shares as treasury stock and we'll talk more about treasury stock in the future.