§ 8-4-7-17 — Filing of certificate of acceptance of provisions of chapter; conclusiveness upon associate companies

Indiana § 8-4-7-17

• Jurisdiction: Indiana
• Art. 4: ORGANIZATION AND OPERATION OF
• Ch. 7: Incorporation of Union Railway Companies

Text

Whenever, prior to March 2, 1885, any union
railway company shall have been incorporated, and the proprietary
companies of such union railway company shall have, by agreement in
writing with any other railroad company, such as is designated in this
chapter as an associate company, admitted such associate company to
the use of the property and facilities of such union company, then, upon
the filing of the certificate of acceptance contemplated by section 16 of
this chapter, such agreement between such proprietary companies and
such associate company shall have the same force and effect and be as
valid and binding as if the same had been made after March 2, 1885,
and the terms of such agreement, including the provision for such a
board of managers as is contemplated by this chapter, the delegation of
powers to such board, and the right of such associate company to
representation on such board, shall be observed and enforced as may
have been provided for in said agreement.
Formerly: Acts 1885, c.20, s.17. As amended by P.L.62-1984,
SEC.54.