Idaho § 62-102 ISSUANCE OF BONDS

Idaho Statutes

§ 62-102 — ISSUANCE OF BONDS

Idaho § 62-102

Title 62RAILROADS AND OTHER PUBLIC UTILITIES

Ch. 1RAILROAD CORPORATIONS — GENERAL PROVISIONS AND POWERS

This text of Idaho § 62-102 (ISSUANCE OF BONDS) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 62-102 (2026).

Text

Railroad corporations may borrow on the credit of the corporation, and under such regulations and restrictions as the directors thereof may impose, such sums of money as may be necessary for constructing, completing, equipping, extending and improving their railroad, and all else relative thereto, and for leasing, purchasing or operating the whole or any part of the railroad of any other railroad corporation, together with the franchises, powers, immunities, and all other property or appurtenances appertaining thereto, and may issue and dispose of bonds and promissory notes therefor bearing interest at a rate not exceeding ten per cent (10%) per annum, and may also issue bonds and promissory notes bearing interest not in excess of the rate aforesaid, in payment of any debts or contracts fo

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Railroad corporations may borrow on the credit of the corporation, and under such regulations and restrictions as the directors thereof may impose, such sums of money as may be necessary for constructing, completing, equipping, extending and improving their railroad, and all else relative thereto, and for leasing, purchasing or operating the whole or any part of the railroad of any other railroad corporation, together with the franchises, powers, immunities, and all other property or appurtenances appertaining thereto, and may issue and dispose of bonds and promissory notes therefor bearing interest at a rate not exceeding ten per cent (10%) per annum, and may also issue bonds and promissory notes bearing interest not in excess of the rate aforesaid, in payment of any debts or contracts for constructing, completing, equipping, extending and improving their road, and all else relative thereto, and for leasing, purchasing or operating the whole or any part of the railroad of any other railroad corporation, together with the franchises, powers, immunities and all other property or appurtenances appertaining thereto and to secure the payment of any or all of such bonds and notes, they may mortgage their corporate property and franchises.

Legislative History

[(62-102) R.S., sec. 2664; reen. R.C., sec. 2791; am. 1911, ch. 11, sec. 1, p. 28; am. 1915, ch. 13, sec. 1, p. 49; reen. C.L., sec. 2794; C.S., sec. 4794; I.C.A., sec. 60-102.]