Authorized shares are the maximum number of shares that a company is permitted to issue to investors, as laid out in its articles of incorporation. Authorized shares are the maximum number of shares a company can issue, while outstanding shares are the number of shares that have already been issued.Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. Stock Certificate: This is a legal document issued to the shareholders that certifies ownership of a specified amount of shares of the corporation. "Authorized shares" refers to the number of shares the corporation is allowed to issue under its certificate or articles of incorporation. San Jose State's passing concepts are tremendous. 906 Ruff Drive, 95110. In the Santa Clara station area, San José and. Enroll in a physical fitness or cultural arts class or take a daily walk on the trails at Norman J. Levy Park and Preserve in Merrick.