§ 8-4-11-1 — Authority to construct and operate

Indiana § 8-4-11-1

• Jurisdiction: Indiana
• Art. 4: ORGANIZATION AND OPERATION OF
• Ch. 11: Extension of Railroad Franchise

Text

Any railroad company organized under any
general law of this state is hereby empowered to extend its road, from
time to time, beyond either terminus fixed in its articles of association,
and to construct, or cause to be constructed, to own and operate such
extension or extensions, in the same manner, and to the same extent, as
if such extension or extensions had been included between the termini
named in its original articles of association: Provided, however, That
before any such extension or extensions are commenced, the same shall
be authorized by resolutions adopted by the holders of a majority, in
value, of the capital stock of the company proposing to extend its road,
and such resolutions shall specify the point from and the point to which
such extension is to be made, and the township or townships and
county or counties into or through which the same is to be constructed;
and a copy of such resolution, signed by the president and attested by
the secretary of said company, under its corporate seal, shall be filed in
the office of the secretary of state of this state.
Formerly: Acts 1879, c.28, s.1.