§ 8-3-13-1 — Authority to build and operate

Any railroad company organized under the laws
of this state is hereby authorized to build and operate, in addition to the
main line authorized by its charter or articles of association, branch
railroads from any point or points on its main line, to or through any
adjacent mineral lands, containing coal, iron or building stone, not,
however, exceeding in distance fifty (50) miles from the nearest point
on said main line: Provided, however, That no railroad company shall
build any such branch railroad if the owners of one-third its stock
object thereto.
Formerly: Acts 1865(ss), c.22, s.1; Acts 1869(ss), c.47, s.1; Acts
1889, c.63, s.1.