The number of issued shares is a subset of the total authorized shares.

Stockholders approved an increase in authorized shares of common stock to 540 million, enabling the company to complete a 2-for-1 stock split.

Times Mirror also said it would increase the authorized shares of regular common stock to 300 million, from 80 million.

USX said the plan would increase the number of authorized shares, with 550 million being Marathon stock and 200 million being steel stock.

Under the agreement, California has agreed to begin living within its authorized annual share of 4.4 million acre-feet of Colorado River water.

The American Telephone and Telegraph Company said it proposed to increase the number of its authorized shares of common stock to 1.5 billion, from 1.2 billion.

Shareholders also approved an increase in the number of authorized shares of common stock to 240,000,000 shares from 120,000,000 shares.

The number of authorized shares is what may be issued.

The fee is based on the number of authorized shares within the corporation.

The company's proxy material notes that without an increase in authorized shares, McDonald's would be unable to make a 2-for-1 split.