48:12-30 - Failure to timely commence or complete road;Ā priority of location
48:12-30.Ā Failure to timely commence or complete road;Ā priority of location
Any railroad company organized under the laws of this State which shall failĀ to comply with the provisions of section 48:12-29 of this Title shall forfeitĀ thereby the franchises given to it by such laws.
Where any company has failed to construct its road upon any part of the location shown by its filed survey within the time allowed by law and after theĀ expiration of such time any other railroad company duly files a survey of aĀ location crossing or occupying the same, the company last filing its locationĀ shall have priority of right over such location.
Amended by L.1962, c. 198, s. 107.
Ā
Any railroad company organized under the laws of this State which shall failĀ to comply with the provisions of section 48:12-29 of this Title shall forfeitĀ thereby the franchises given to it by such laws.
Where any company has failed to construct its road upon any part of the location shown by its filed survey within the time allowed by law and after theĀ expiration of such time any other railroad company duly files a survey of aĀ location crossing or occupying the same, the company last filing its locationĀ shall have priority of right over such location.
Amended by L.1962, c. 198, s. 107.
Ā