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Home » US Law » 2022 Idaho Code » Title 62 - RAILROADS AND OTHER PUBLIC UTILITIES » Chapter 1 - RAILROAD CORPORATIONS — GENERAL PROVISIONS AND POWERS

Section 62-101 – ELECTION OF DIRECTORS.

62-101. ELECTION OF DIRECTORS. Directors of railroad corporations may be elected at a meeting of the stockholders other than the annual meeting, as a majority of the fixed capital stock may determine, or as the by-laws may provide; notice thereof to be given as provided for notices of meetings to adopt by-laws in chapter 1 […]

Section 62-102 – ISSUANCE OF BONDS.

62-102. ISSUANCE OF BONDS. Railroad corporations may borrow on the credit of the corporation, and under such regulations and restrictions as the directors thereof may impose, such sums of money as may be necessary for constructing, completing, equipping, extending and improving their railroad, and all else relative thereto, and for leasing, purchasing or operating the […]

Section 62-103 – BONDS — SINKING FUND — CONVERSION INTO STOCK.

62-103. BONDS — SINKING FUND — CONVERSION INTO STOCK. The directors must provide a sinking fund, to be specially applied to the redemption of such bonds on or before their maturity, and may also confer on any holder of any bond or note issued, for money borrowed or in payment of any debt or contract […]

Section 62-104 – ENUMERATION OF POWERS.

62-104. ENUMERATION OF POWERS. Every railroad corporation has power: 1. To cause such examination and surveys to be made as may be necessary to the selection of the most advantageous route for the railroad; and for such purposes their officers, agents and employees may enter upon the lands or waters of any person, subject to […]

Section 62-105 – PURCHASE, SALE AND GUARANTY OF SECURITIES.

62-105. PURCHASE, SALE AND GUARANTY OF SECURITIES. Any railroad corporation, whether chartered by, or organized under, the laws of this state or of the territory of Idaho, or of the United States, or of any other state or territory, may take, purchase, hold, sell and dispose of, or guarantee the payment of, the bonds and […]

Section 62-106 – BRIDGING NAVIGABLE STREAMS.

62-106. BRIDGING NAVIGABLE STREAMS. Any railroad corporation heretofore duly organized and incorporated under the laws of this state, or of the United States, or of any other state or territory, or which may hereafter be duly incorporated and organized under the laws of this state, or of the United States, or of any other state […]

Section 62-107 – CONSTRUCTION OF EXTENSIONS AND BRANCHES.

62-107. CONSTRUCTION OF EXTENSIONS AND BRANCHES. Any railroad corporation chartered by or organized under the laws of this state, or of any state or territory, or under the laws of the United States, and authorized to do business in this state, may extend its railroad from any point named in its charter or articles of […]

Section 62-108 – CONSOLIDATION, SALES AND LEASES.

62-108. CONSOLIDATION, SALES AND LEASES. Any such railroad corporation may consolidate its stock, franchises and property with any other railroad corporation, whether within or without the state, when such other railroad corporation does not own any competing line of railroad, upon such terms as may be agreed upon, and become one (1) corporation, by any […]

Section 62-109 – EXTENSIONS INTO THE STATE.

62-109. EXTENSIONS INTO THE STATE. Any railroad corporation chartered by or organized under the laws of the United States, or of any state or territory, whose constructed railroad shall reach or intersect the boundary line of this state at any point, may extend its railroad into the state from any such point or points to […]

Section 62-110 – APPLICATION AND CONSTRUCTION OF PRECEDING SECTIONS.

62-110. APPLICATION AND CONSTRUCTION OF PRECEDING SECTIONS. The three (3) preceding sections shall not apply to any corporations before such corporations shall have filed an acceptance of the provisions of the state constitution, as provided in section 7, of article 11, of the constitution, nor shall anything in said sections contained ever be so construed […]