§ 46-8-331. Incorporation, Control, and Management of Interurban, Suburban, and Street Railroads
All of the provisions of this title regarding the incorporation, control, and management of railroad companies in general shall also apply to interurban, suburban, and street railroad companies, insofar as such provisions are applicable and appropriate thereto. Any group of at least ten persons who desire to be incorporated as an interurban, suburban, or street […]
§ 46-8-347. Adoption of Chapter by Railroad Companies
Any railroad company desiring to adopt this chapter as a part of its charter may so signify by resolution of its board of directors filed with the Secretary of State. The certificate of the Secretary of State that such resolution has been filed with him shall be conclusive evidence of such filing and shall clothe […]
§ 46-8-332. Power of Street, Suburban, or Interurban Railroad Corporation to Increase Capital Stock; Manner of Increase
Any corporation owning or operating a street, suburban, or interurban railroad in this state shall have the right to increase its capital stock from time to time. In no case shall an increase of capital stock be made except by a vote of two-thirds of the outstanding capital stock entitled to vote by the terms […]
§ 46-8-333. Use of Electricity, Gasoline, or Gas by Street, Suburban, and Interurban Railroads; Operation of Gas and Electric Plants, Generation and Furnishing of Gas and Electricity by Railroads
Any street, suburban, or interurban railroad company may use electricity, gasoline, or gas in propelling its engines or cars, running machinery, and for other purposes. Any such company may operate gas and electric plants and generate and furnish gas and electric light, heat, and power to any county or city and also to companies and […]
§ 46-8-334. Purchase, Mortgage, Transfer, or Disposal of Capital Stock, Bonds, or Other Indebtedness; Acquisition of Property, Rights, and Franchises
By vote of a majority of the outstanding capital stock, any corporation formed under the laws of this state for the purpose of operating by electricity a street railroad, suburban railroad, or interurban railroad, or for the purpose of generating electricity, may guaranty; purchase or otherwise acquire; own; hold; mortgage; pledge; sell; assign; and transfer […]
§ 46-8-335. Time of Effectiveness of Guaranty or Acquisition of Stock, Property, and Franchises; Protection of Rights of Dissenting Stockholders
No guaranty or acquisition of stock, securities, property, rights, or franchises of any corporation shall become effective under Code Section 46-8-334 until the expiration of 30 days from the authorization of such guaranty or acquisition by the stockholders. If any stockholder who does not vote in favor of such action files with the secretary of […]
§ 46-8-336. Manner of Acquiring Property, Franchises, and Rights; Nature of Rights and Privileges of Purchasing or Consolidated Corporation; Secretary of State’s Certificate as Evidence of Existence of Corporation
Before any acquisition under Code Section 46-8-334 of the physical property, rights, and franchises of any corporation shall become effective, the directors of the selling and purchasing corporations shall enter into a joint agreement prescribing the terms and conditions of the transaction; the name by which the purchasing or consolidated corporation shall be known; the […]
§ 46-8-337. Issuance of Bonds, Notes, or Other Indebtedness by Consolidated Corporation; Pledge of Security
The consolidated corporation formed pursuant to Code Sections 46-8-334 through 46-8-336 shall have authority to issue its bonds, notes, and other evidences of indebtedness and to secure the same by mortgage or deed of trust, or otherwise, upon all its property or franchises, for any corporate purpose, within the limitations and in the manner prescribed […]
§ 46-8-338. Tax Exemption for Property and Capital Stock of Street, Suburban, or Interurban Railroad Companies With Tracks and Appurtenances Extended Into Adjoining State
Any company that extends its railroad into an adjoining state shall not be required to pay to this state or to any county or municipality herein any taxes with respect to so much of the property or capital stock of such company as is situated or employed in the adjoining state. History. Ga. L. 1902, […]
§ 46-8-339. Authority of Street, Suburban, and Interurban Railroad Companies to Furnish Steam for Heating and Power Purposes and to Lay and Maintain Steampipes
Street, suburban, and interurban railroad companies incorporated under the laws of this state shall have the authority to furnish steam for heating and power purposes to any person within the limits of the counties in which such companies operate, with authority to charge and collect reasonable compensation for the same and with full power to […]