CHAPTER 11. EXTENSION OF RAILROAD FRANCHISE
IC 8-4-11
Chapter 11. Extension of Railroad Franchise
IC 8-4-11-1
Authority to construct and operate
Sec. 1. Any railroad company organized under any general law of
this state is hereby empowered to extend its road, from time to time,
beyond either terminus fixed in its articles of association, and to
construct, or cause to be constructed, to own and operate such
extension or extensions, in the same manner, and to the same extent,
as if such extension or extensions had been included between the
termini named in its original articles of association: Provided,
however, That before any such extension or extensions are
commenced, the same shall be authorized by resolutions adopted by
the holders of a majority, in value, of the capital stock of the
company proposing to extend its road, and such resolutions shall
specify the point from and the point to which such extension is to be
made, and the township or townships and county or counties into or
through which the same is to be constructed; and a copy of such
resolution, signed by the president and attested by the secretary of
said company, under its corporate seal, shall be filed in the office of
the secretary of state of this state.
(Formerly: Acts 1879, c.28, s.1.)
IC 8-4-11-2
Eminent domain
Sec. 2. Any railroad company extending its line under the
provisions of this chapter may acquire right of way and other
property, by condemnation or otherwise, in the same manner and
with the same effect as if such extension had been included within
the original articles of association of such company.
(Formerly: Acts 1879, c.28, s.2.) As amended by P.L.62-1984,
SEC.60.