The Hillsborough Florida Authority to Issue Additional Shares refers to the legal power granted to the governing body of Hillsborough County, Florida, to increase the number of shares issued by a corporation or entity. This authority is typically granted through a specific set of rules and regulations governing the issuance of shares in Hillsborough County. Issuing additional shares allows a corporation or entity to raise additional capital to fund various projects, investments, or business activities. The Hillsborough Florida Authority to Issue Additional Shares plays a vital role in facilitating economic growth and development within the county by attracting investment and creating opportunities for businesses to expand and thrive. There are different types of Hillsborough Florida Authority to Issue Additional Shares, including: 1. Common Stock Issuance: This type of share issuance is the most common in which corporations issue additional shares to raise capital from existing and new shareholders. Common stock represents ownership in the corporation and entitles shareholders to voting rights and a share of the company's profits. 2. Preferred Stock Issuance: Preferred shares are a class of stock that typically offers preferential treatment to shareholders in terms of dividends and assets in the event of liquidation. This type of share issuance is often attractive to investors seeking stable returns and security. 3. Convertible Stock Issuance: Convertible stock refers to shares that can be converted into a different class of stock or other securities. This type of share issuance provides flexibility to the issuer and potential upside for investors. 4. Class-Specific Issuance: The Hillsborough Florida Authority to Issue Additional Shares may also include provisions for issuing shares of a specific class, such as voting rights shares, restricted shares, or shares with specific restrictions on transferability. It is important to note that the authority to issue additional shares is typically subject to various legal requirements, including compliance with federal and state securities laws. The Hillsborough Florida Authority to Issue Additional Shares plays a crucial role in the county's economic development by providing businesses and corporations with the means to access the necessary capital for growth and expansion.