48:12-2 - Exclusive franchises;Ā railroads subject to general laws
48:12-2.Ā Exclusive franchises;Ā railroads subject to general laws
No franchise granted prior to July 4, 1903, to construct a railroad or buildĀ or establish bridges or ferries or operate any line of travel and take tolls orĀ fares therefor shall after that date remain exclusive and no like franchiseĀ granted after that date shall be exclusive unless in such grant heretofore orĀ hereafter made it be so expressly provided.
All railroad corporations organized under this Title shall be subject to allĀ general laws now or hereafter passed to regulate railroads and their operation.
Amended by L.1962, c. 198, s. 105.
Ā
No franchise granted prior to July 4, 1903, to construct a railroad or buildĀ or establish bridges or ferries or operate any line of travel and take tolls orĀ fares therefor shall after that date remain exclusive and no like franchiseĀ granted after that date shall be exclusive unless in such grant heretofore orĀ hereafter made it be so expressly provided.
All railroad corporations organized under this Title shall be subject to allĀ general laws now or hereafter passed to regulate railroads and their operation.
Amended by L.1962, c. 198, s. 105.
Ā