South Carolina § 58-17-760 Ownership of stock or bonds of connecting railroad or steamboat company.

South Carolina Statutes

§ 58-17-760 — Ownership of stock or bonds of connecting railroad or steamboat company.

South Carolina § 58-17-760

Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS

Ch. 17THE GENERAL RAILROAD LAW

This text of South Carolina § 58-17-760 (Ownership of stock or bonds of connecting railroad or steamboat company.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 58-17-760 (2026).

Text

A railroad corporation may aid in the construction of any branch or connecting railroad within the limits of this State, whether connecting by railroad or steamboat lines, by subscribing for shares of stock in such corporation or of any steamship line connecting the terminus of such railroad company with any port of the United States or by taking its notes or bonds, to be secured by mortgage or otherwise, as the parties may agree, and shall be entitled to vote on all shares of stock so subscribed for and held.

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A railroad corporation may aid in the construction of any branch or connecting railroad within the limits of this State, whether connecting by railroad or steamboat lines, by subscribing for shares of stock in such corporation or of any steamship line connecting the terminus of such railroad company with any port of the United States or by taking its notes or bonds, to be secured by mortgage or otherwise, as the parties may agree, and shall be entitled to vote on all shares of stock so subscribed for and held.

Legislative History

HISTORY: 1962 Code SECTION 58-935; 1952 Code SECTION 58-935; 1942 Code SECTION 8292-5; 1932 Code SECTION 8242; Civ. C. '22 SECTION 4806; Civ. C. '12 SECTION 3137; Civ. C. '02 SECTION 2062; G. S. 1435; R. S. 1625; 1881 (17) 799.