CHAPTER 8. BRANCH RAILROADS

IC 8-4-8
    Chapter 8. Branch Railroads

IC 8-4-8-1
Authority to operate; stocks and bonds
    Sec. 1. It shall be lawful for any railroad company in this state,organized under the general or special laws of this state, to makebranches or extensions of its railroad to the boundary-line of anycounty in which such railroad may have a terminus, suchboundary-line being also a boundary-line of the state, and suchrailroad company shall have all the powers, rights and privileges inrelation to such branches of extensions as it has or may have inrelation to its original road, under the law by which it was organized,and in conformity to the law of its organization, with power to saidcompany to subscribe and take stock in any railroad bridge companyon the route of said road, or at the terminus of said railroad, for theuse and benefit of said road: Provided, That any such bridge at theterminus of such road shall be so constructed as to admit the passageof vehicles, foot passengers, and for general purposes: And, providedalso, That where the terminus of such road is, or shall be, at or nearthe state-line, and the board of directors of such railroad companyshall, by resolution, declare that it is desirable for such railroadcompany to acquire terminal property, or terminal rights andfacilities, to enable it to operate through or into any city in anotherstate and adjoining the terminus of such company, such railroadcompany shall have power, by its board of directors, to take stock inany terminal company organized under the laws of any adjoiningstate for the purpose of acquiring and constructing terminal propertyand terminal facilities, and to guarantee the bonds thereof. Theamount of such stock investments and of the bonds guaranteed shallbe determined by such board of directors.
(Formerly: Acts 1863, c.4, s.1; Acts 1911, c.59, s.1.)