North Carolina Statutes

§ 160A-894 — Acquisition, disposition, or exchange of real property

North Carolina·Ch. 160A Cities and Towns·Art. 33 Rail Transportation Corridor Authority
(a)[Power to Acquire Property. -] The Authority shall have continuing power to acquire, by gift, grant, devise, exchange, purchase, lease with or without option to purchase, or any other lawful method, including, but not limited to, the power of eminent domain, the fee or any lesser interest in real or personal property for use by the Authority. The Authority may not acquire or take by eminent domain nor by any means, including federal regulatory action, property owned or operated by any Class I railroad, as that term is defined under 49 U.S.C. § 20102 and 49 C.F.R. § 1201.1-1, nor a rail line or rail corridor owned or operated by the United States Department of Defense, nor a rail line owned or operated by the North Carolina Railroad Company or its subsidiaries, without that railroad's c

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Related

§ 20102
49 U.S.C. § 20102

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