69-14-537. Annual work and completion of road.
69-14-537. Annual work and completion of road. (1) Organization under this part shall not be deemed to confer any right to any portion of its line as designated in its articles of incorporation on which a preliminary survey and location shall not have been made.
(2) Every railroad corporation shall be required to complete 15 miles upon each of its lines, branches, or extensions each year subsequent to the filing of articles of incorporation. Each railroad corporation shall complete the whole line of its road within 7 years from the date of filing articles of incorporation.
(3) If such corporation shall fail to comply with the requirements of this section, it shall forfeit its charter and all the rights and privileges conferred by said articles as to any incompleted portion of its line of road. Upon the written application of any county attorney of a county through which the line of said road would pass, made to the district court, setting forth the alleged cause of such forfeiture, it shall be the duty of such court, after notice to the corporation, to examine the cause and if, in the court's judgment, sufficient cause exists for such forfeiture, to declare and enforce the forfeiture.
History: En. Sec. 12, p. 101, Ex. L. 1873; re-en. Sec. 310, 5th Div. Rev. Stat. 1879; amd. Sec. 1, p. 37, L. 1883; re-en. Sec. 688, 5th Div. Comp. Stat. 1887; amd. Sec. 896, Civ. C. 1895; re-en. Sec. 4277, Rev. C. 1907; re-en. Sec. 6510, R.C.M. 1921; re-en. Sec. 6510, R.C.M. 1935; R.C.M. 1947, 72-208.