48:12-137.Ā  State treasurer to repay deposit in certain cases When any railroad company organized under the laws of this State shall, by agreement of lease, merger or consolidation, become possessed of a line of railroad between the termini named in its certificate of incorporation and carsĀ  are actually being operated thereon, and shall file a certificate of that factĀ  with the State Treasurer over its corporate seal, signed by its president andĀ  attested by its secretary and verified by the affidavit of its treasurer, theĀ  State Treasurer shall repay to such company the sum of money deposited with theĀ  State Treasurer as required by section 48:12-8 of this Title or so much thereofĀ  as shall not have been already repaid.Ā  In case the company has become mergedĀ  or consolidated, the sum shall be paid to the new or acquiring company formedĀ  by the consolidation or merger.

Amended by L.1962, c. 198, s. 147.
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