§ 41 — Real and personal estate; stock or bonds of other street railways

Massachusetts § 41

• Jurisdiction: Massachusetts
• Part I: ADMINISTRATION OF THE GOVERNMENT
• Title XXII: CORPORATIONS
• Ch. 161: STREET RAILWAYS

Text

Section 41. A company may purchase and hold real and personal estate necessary or convenient for the operation of its railway; but it shall not, except as provided in section sixty-four, directly or indirectly, subscribe for, take or hold stock or bonds of any such company organized under general laws unless specially so authorized by the general court.