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 have
heretofore become associated, or shall hereafter become associated,
in jointly making or running their roads under any contracts formed
or to be formed by such companies, and desire to assume one (1)
common name, it shall and may be lawful for such companies, by
resolution of their respective boards of directors, entered upon their
records, 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 adoption
of such common name, to cause a copy of the resolution of such
boards to be recorded in the recorder's offices of the different
counties through which the road of said companies may run or be
located; and thereafter, during the term of such association, such
companies may have and use a common seal, contract and be
contracted with, sue and be sued by such adopted name, in any and
all matters relating to such union road; and shall have full power, by
such association, to locate, construct, keep up, change, repair, and
operate such union road as, by their respective charters and
amendments to such charters, they are allowed to do; provided,
however, that nothing in this chapter contained shall be construed to
abridge such companies of any of the powers and franchises
belonging to them by their respective incorporation statutes and
amendments to such statutes; and, provided, further, that nothing
contained in this chapter shall be construed to prevent said
companies from suing and being sued in their original corporate
names, for all rights accrued and for all liabilities incurred before the
adoption of such common name. (Formerly: Acts 1853, c.84, s.2.) As amended by P.L.62-1984,
SEC.47.
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 have
heretofore become associated, or shall hereafter become associated,
in jointly making or running their roads under any contracts formed
or to be formed by such companies, and desire to assume one (1)
common name, it shall and may be lawful for such companies, by
resolution of their respective boards of directors, entered upon their
records, 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 adoption
of such common name, to cause a copy of the resolution of such
boards to be recorded in the recorder's offices of the different
counties through which the road of said companies may run or be
located; and thereafter, during the term of such association, such
companies may have and use a common seal, contract and be
contracted with, sue and be sued by such adopted name, in any and
all matters relating to such union road; and shall have full power, by
such association, to locate, construct, keep up, change, repair, and
operate such union road as, by their respective charters and
amendments to such charters, they are allowed to do; provided,
however, that nothing in this chapter contained shall be construed to
abridge such companies of any of the powers and franchises
belonging to them by their respective incorporation statutes and
amendments to such statutes; and, provided, further, that nothing
contained in this chapter shall be construed to prevent said
companies from suing and being sued in their original corporate
names, for all rights accrued and for all liabilities incurred before the
adoption of such common name. (Formerly: Acts 1853, c.84, s.2.) As amended by P.L.62-1984,
SEC.47.
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 have
heretofore become associated, or shall hereafter become associated,
in jointly making or running their roads under any contracts formed
or to be formed by such companies, and desire to assume one (1)
common name, it shall and may be lawful for such companies, by
resolution of their respective boards of directors, entered upon their
records, 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 adoption
of such common name, to cause a copy of the resolution of such
boards to be recorded in the recorder's offices of the different
counties through which the road of said companies may run or be
located; and thereafter, during the term of such association, such
companies may have and use a common seal, contract and be
contracted with, sue and be sued by such adopted name, in any and
all matters relating to such union road; and shall have full power, by
such association, to locate, construct, keep up, change, repair, and
operate such union road as, by their respective charters and
amendments to such charters, they are allowed to do; provided,
however, that nothing in this chapter contained shall be construed to
abridge such companies of any of the powers and franchises
belonging to them by their respective incorporation statutes and
amendments to such statutes; and, provided, further, that nothing
contained in this chapter shall be construed to prevent said
companies from suing and being sued in their original corporate
names, for all rights accrued and for all liabilities incurred before the
adoption of such common name. (Formerly: Acts 1853, c.84, s.2.) As amended by P.L.62-1984,
SEC.47.
