Massachusetts § 115 Construction; additional capital stock; certificate of necessity and convenience; fee

Massachusetts Statutes

§ 115 — Construction; additional capital stock; certificate of necessity and convenience; fee

Massachusetts § 115

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 160RAILROADS

This text of Massachusetts § 115 (Construction; additional capital stock; certificate of necessity and convenience; fee) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 160, § 115 (2026).

Text

Section 115. A railroad corporation, after having finished the construction of its railroad and put it in operation, may build a branch or extension thereof in accordance with this chapter, if an amount of additional capital stock, applicable solely to the construction of such branch or extension, has been subscribed, and a certificate of the department that public necessity and convenience require the construction of the branch or extension has been obtained, and a certificate of the clerk of the department has been filed according to section seventy-six; and it may build such branch or extension without additional capital stock, if its indebtedness is not thereby increased; but this section shall not invalidate a lease or contract between railroad corporations made pursuant to law. Upon 

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Section 115. A railroad corporation, after having finished the construction of its railroad and put it in operation, may build a branch or extension thereof in accordance with this chapter, if an amount of additional capital stock, applicable solely to the construction of such branch or extension, has been subscribed, and a certificate of the department that public necessity and convenience require the construction of the branch or extension has been obtained, and a certificate of the clerk of the department has been filed according to section seventy-six; and it may build such branch or extension without additional capital stock, if its indebtedness is not thereby increased; but this section shall not invalidate a lease or contract between railroad corporations made pursuant to law. Upon the filing of such certificate, fifty dollars shall be paid to the state secretary. If the construction of such branch or extension is not begun, and ten per cent of the additional capital stock is not expended thereon within two years after the date of the certificate required by section seventy-six and the branch or extension completed and put in operation within four years after said date, the power of the railroad corporation to construct the same shall cease.