Indiana Statutes
§ 8-4-12-7 — Completion of road by transferee company
Whenever any railroad company, coming within
the provision of this chapter, shall sell or transfer their property, rights,
or franchises to any other railroad company, it shall be the duty of such
last named railroad company to complete the road so transferred to
them, and put the same in complete running order, within three (3)
years after the time of such transfer; and upon failure so to do, it shall
be taken and held to have abandoned and forfeited the same, and any
company organized, as provided in this chapter, shall succeed to and
be invested with the same, as is provided in this chapter; however,
nothing in this chapter contained shall be regarded as a recognition of
the right of two (2) or more railroad companies to consolidate by
voluntary agreement.
Formerly: Acts 1867, c.80, s.7
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15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
Repealed