South Dakota Const. art. XVII, § 14

South Dakota Constitution

Article XVII, § 14 — Consolidation of railroad lines -- Forfeiture of charter for evasion of provisions

South Dakota Const. art. XVII, § 14 (Consolidation of railroad lines -- Forfeiture of charter for evasion of provisions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionSouth Dakota DocumentConstitution

ArticleXVII

Section§ 14

CitationSouth Dakota Const. art. XVII, § 14

Bluebook

S.D. Const. art. XVII, § 14.

Full Text

No railroad corporation shall consolidate its stock, property or franchises with any other railroad corporation owning a parallel or competing line; and in no case shall any consolidation take place except upon public notice given out, at least sixty days to all stockholders, in such manner as may be provided by law. Any attempt to evade the provisions of this section, by any railroad corporation, by lease or otherwise, shall work a forfeiture of its charter.

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No railroad corporation shall consolidate its stock, property or franchises with any other railroad corporation owning a parallel or competing line; and in no case shall any consolidation take place except upon public notice given out, at least sixty days to all stockholders, in such manner as may be provided by law. Any attempt to evade the provisions of this section, by any railroad corporation, by lease or otherwise, shall work a forfeiture of its charter.