§ 40-20-102 — Powers of corporation

Colorado § 40-20-102

• Jurisdiction: Colorado
• Title 40: Utilities
• Art.: Organization and Government

Text

(1) Every such corporation, in addition to
the powers conferred in articles 101 to 117 of title 7, C.R.S., has the power:

(a) To lay out its road, not exceeding two hundred feet in width, and to
construct the same; and for the purpose of cuttings and embankments to take as
much more land as may be necessary for the proper construction and security of
the railway; and to cut down any standing trees that may be in danger of falling or
obstructing the railway, making proper compensation therefor;

(b) To cross, intersect, or connect its railway with any other railway;

(c) To connect at the state line with railroads of other states and territories;

(d) To receive and convey persons and property on its railway;

(e) To erect and maintain all buildings and stations, fixtures, and machinery
necessary and convenient for the accommodation, and use of passengers, freights,
and business interests or which may be necessary for the construction or operation
of said railway;

(f) To regulate the time and manner in which passengers and property shall
be transported and the compensation to be paid therefor;

(g) From time to time, to borrow such sums of money as may be necessary
for completing, finishing, improving, or operating any such railway, and to issue and
dispose of its bonds for any amount so borrowed, and to mortgage its corporate
property and franchise to secure the payment of any debt contracted by such
corporation for such purposes, in such manner as the shareholders representing a
majority of the stock of any such corporation may direct;

(h) Notwithstanding any provision of law to the contrary, to invest in any of
the following if such investment is consistent with sound investment policy:

(I) Any public-private initiative with the department of transportation, as
defined in section 43-1-1201 (3), C.R.S.;

(II) Bonds issued for turnpikes in accordance with part 2 of article 3 of title
43, C.R.S.;

(III) Repealed.

(IV) Any other public-private initiative program for transportation system
projects in Colorado authorized by law.

Legislative History

Source: G.L. � 301. G.S. � 336. R.S. 08: � 5411. C.L. � 2816. CSA: C. 139, � 2. CRS 53: � 116-1-2. C.R.S. 1963: � 116-1-2. L. 93: IP(1) amended, p. 866, � 45, effective July 1, 1994. L. 98: (1)(h) added, p. 447, � 9, effective August 5. L. 2005: (1)(h)(III) repealed, p. 290, � 42, effective August 8.