§ 40-23-102 — Power of company so organized

The railroad company so
organized has the power to acquire and purchase the property and franchises so
sold and conveyed, and to take, hold, exercise, and enjoy all the estate, franchises,
rights, powers, privileges, and claims or demands at law or in equity of the
corporation whose property and franchises have been so sold and conveyed; and, in
payment of the price therefor, such railroad company may issue its capital stock
and bonds and may mortgage its property and franchises with such classification of
capital stock and bonds as may be agreed upon by and between such railroad
company and the parties who may be beneficially interested or who may have the
ownership and control of such property and franchises.

Legislative History

Source: L. 1885: p. 150, � 2. R.S. 08: � 5429. C.L. � 2835. CSA: C. 139, � 21. CRS 53: � 116-4-2. C.R.S. 1963: � 116-4-2.