CHAPTER 5. CONSOLIDATION OF RAILROAD COMPANIES

IC 8-4-5
    Chapter 5. Consolidation of Railroad Companies

IC 8-4-5-1
Common name; adoption
    Sec. 1. Whenever two (2) or more railroad companies haveheretofore become associated, or shall hereafter become associated,in jointly making or running their roads under any contracts formedor to be formed by such companies, and desire to assume one (1)common name, it shall and may be lawful for such companies, byresolution of their respective boards of directors, entered upon theirrecords, to adopt such name as shall be agreed upon.
(Formerly: Acts 1853, c.84, s.1.)

IC 8-4-5-2
Common name; powers and duties; construction and maintenance
    Sec. 2. It shall be the duty of said companies, upon the adoptionof such common name, to cause a copy of the resolution of suchboards to be recorded in the recorder's offices of the differentcounties through which the road of said companies may run or belocated; and thereafter, during the term of such association, suchcompanies may have and use a common seal, contract and becontracted with, sue and be sued by such adopted name, in any andall matters relating to such union road; and shall have full power, bysuch association, to locate, construct, keep up, change, repair, andoperate such union road as, by their respective charters andamendments to such charters, they are allowed to do; provided,however, that nothing in this chapter contained shall be construed toabridge such companies of any of the powers and franchisesbelonging to them by their respective incorporation statutes andamendments to such statutes; and, provided, further, that nothingcontained in this chapter shall be construed to prevent saidcompanies from suing and being sued in their original corporatenames, for all rights accrued and for all liabilities incurred before theadoption of such common name.
(Formerly: Acts 1853, c.84, s.2.) As amended by P.L.62-1984,SEC.47.