The creditors at such meeting may elect, by ballot, 3 or 5 trustees, being creditors, and a majority, at least, residents of the state, each creditor being entitled to one vote for each $100 of his debt and having the same right to vote by proxy as stockholders of railroads at their meetings.
N.H. Rev. Stat. Ann. § 244:4
Election of Trustees
Source. 1858, 2100:2
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.