14350-14353
CORPORATIONS CODE
SECTION 14350-14353
14350. A corporation may not construct, or take tolls on, a bridge, ferry, wharf, chute, or pier until authority is granted therefor by the board of supervisors, or other governing body, as appropriate. 14351. Every corporation that has heretofore or may hereafter be incorporated may be dissolved under either of the following conditions: (a) If within one year from filing its articles of incorporation, it has not obtained authority from the board of supervisors, or other governing body, and if, within one year thereafter, it has not commenced the construction of the bridge, wharf, chute, or pier, and if, within two years after obtaining authority, there has not been actually expended thereon a sum equal to at least 10 percent of the issued capital stock of the corporation obtaining authority. (b) If within seven years from the time that authority to construct the bridge, wharf, chute, or pier was granted by the board of supervisors, or within that further time as the board may lawfully grant, the bridge, wharf, chute, or pier is not completed. However, the board of supervisors may from time to time by order extend the time of completion beyond seven years, if the actual and physical work of constructing the bridge, wharf, chute, or pier has been diligently prosecuted from the time of commencement thereof up to the time that application for the extension or extensions beyond seven years is presented to the board of supervisors. (c) If, when the bridge, wharf, chute, or pier of the corporation is destroyed, it is not reconstructed and ready for use within three years thereafter. (d) If the ferry of a corporation is not in running order within one year after authority is obtained to establish it, or if at any time thereafter it ceases for a like term consecutively to perform the duties imposed by law. 14352. The president and secretary of every bridge, ferry, wharf, chute, or pier corporation shall annually, under oath, report to the board of supervisors, or other governing body having authority in that behalf, of the county in which the articles of incorporation are filed all of the following: (a) The cost of constructing and providing all necessary appendages and appurtenances for its bridge, ferry, wharf, chute, or pier. (b) The amount of all moneys expended thereon, since its construction, for repairs and incidental expenses. (c) The amount of its capital stock, how much paid in, and how much actually expended thereof. (d) The amount received during the year for tolls, and from all other sources, stating each separately. (e) The amount of dividends made, and the indebtedness of the corporation, specifying for what it was incurred. (f) Other facts and particulars respecting the business of the corporation, as the board of supervisors or other governing body having authority in that behalf may require. The president and secretary shall cause this report to be published for four weeks in a daily newspaper published nearest the bridge, ferry, wharf, pier, or chute, if required by order of the board of supervisors or other governing body having authority in that behalf. A failure to make the report subjects the corporation to a penalty of two hundred dollars ($200) and, for every week permitted to elapse after that failure, an additional penalty of fifty dollars ($50), payable in each case to the county from which the authority of the corporation was derived. All these cases shall be reported by the board of supervisors, or other governing body having authority in that behalf, to the district attorney or city attorney, who must commence an action therefor. 14353. When a bridge, ferry, wharf, chute, or pier is constructed, operated, or owned by a natural person, this part is applicable to that person in like manner as it is applicable to corporations.