§ 8-4-7-13 — Board of managers; associate companies

It shall be competent for the board of directors
of such union railway company to organize a board of managers, to
consist of a representative from each proprietary company, as well as
a representative from each associate company previously admitted,
such representatives to be selected by the respective companies which
they are to represent, and the president of the union railway company
shall be ex officio president of such board. As associate companies are
from time to time admitted to the use of the union railway property and
facilities, as aforesaid, they shall each become entitled to have a
representative on said board of managers; but after such board of
managers shall have been organized, other associate companies shall
only be admitted as aforesaid with the unanimous consent of all the
members of such board of managers.
Formerly: Acts 1885, c.20, s.13.