Ohio § 4967.14 Consolidated company may issue stock in lieu of purchase money

Ohio Statutes

§ 4967.14 — Consolidated company may issue stock in lieu of purchase money

Ohio § 4967.14

Title 49Public Utilities

Ch. 4967Consolidation Of Railroads

This text of Ohio § 4967.14 (Consolidated company may issue stock in lieu of purchase money) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 4967.14 (2026).

Text

When a consolidated railroad company described in section4967.13of the Revised Code is in possession of or operating in connection with or extension of its own railroad, any other railroad in this state or any other state, under purchase, conveyance, lease, contract, or agreement, such company may take a surrender or transfer of the whole or a part of the capital stock of the company conveying, leasing, or owning such railroad, from one or more stockholders, and issue in exchange therefor the like additional amount of its own capital stock, at par or on such other terms as are agreed upon by the directors of the consolidated railroad company.

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When a consolidated railroad company described in section4967.13of the Revised Code is in possession of or operating in connection with or extension of its own railroad, any other railroad in this state or any other state, under purchase, conveyance, lease, contract, or agreement, such company may take a surrender or transfer of the whole or a part of the capital stock of the company conveying, leasing, or owning such railroad, from one or more stockholders, and issue in exchange therefor the like additional amount of its own capital stock, at par or on such other terms as are agreed upon by the directors of the consolidated railroad company.