Section 462.261 – Liability of Railroad Company for Death or Injury to Passenger.
462.261 Liability of railroad company for death or injury to passenger. Sec. 261. If a passenger on a train is killed or injured while on the platform of a car, or while in or on a baggage or freight car, in violation of the printed regulations of the company, posted up at the time in […]
Section 462.245 – Construction of Bridges or Tunnels; Acquisition of Right-of-Way; Issuance and Sale of Bonds; Rights of Railroad Bridge and Railroad Tunnel Companies.
462.245 Construction of bridges or tunnels; acquisition of right-of-way; issuance and sale of bonds; rights of railroad bridge and railroad tunnel companies. Sec. 245. (1) A railroad bridge or tunnel company organized under this act may construct bridges over or tunnels under the waters of this state to extend the railroad track or tracks which […]
Section 462.247 – Negotiation by Railroad Bridge or Tunnel Company With Railroad Company; Purpose.
462.247 Negotiation by railroad bridge or tunnel company with railroad company; purpose. Sec. 247. A railroad bridge or tunnel company may negotiate with any railroad company which may connect with its bridge or tunnel for the purpose of obtaining aid in the construction of its work. History: 1993, Act 354, Imd. Eff. Jan. 14, 1994
Section 462.249 – Use of Road and Bridge or Tunnel; Compensation Charged by Railroad Bridge or Tunnel Company; Terms.
462.249 Use of road and bridge or tunnel; compensation charged by railroad bridge or tunnel company; terms. Sec. 249. (1) A railroad bridge or tunnel company may charge such fair compensation for the use of its road and bridge or tunnel by the railroad companies whose business shall pass along, over or through it, as […]
Section 462.215 – Board of Directors; Election; Classification; Terms; Meetings; Notice; Removal of Directors or Officers; Rules, Regulations, and Directions; Stockholder Vote by Proxy; Adjournment of Meeting.
462.215 Board of directors; election; classification; terms; meetings; notice; removal of directors or officers; rules, regulations, and directions; stockholder vote by proxy; adjournment of meeting. Sec. 215. (1) At any meeting of stockholders for the election of directors, the stockholders may classify the directors into 3 classes, as near as may be, 1 of which […]
Section 462.217 – Annual Meeting; Statement of Affairs.
462.217 Annual meeting; statement of affairs. Sec. 217. At each annual meeting of stockholders the board of directors shall present a clear and full statement of the affairs of the railroad company for the preceding year. History: 1993, Act 354, Imd. Eff. Jan. 14, 1994
Section 462.219 – Subscribers to Capital Stock; Payment in Installments; Forfeiture of Stock for Neglect or Refusal to Pay.
462.219 Subscribers to capital stock; payment in installments; forfeiture of stock for neglect or refusal to pay. Sec. 219. The board of directors may, by resolution, require the subscribers to the capital stock to pay the amounts by them respectively subscribed in a manner and in installments as the board considers proper. If a subscriber […]
Section 462.221 – Stock as Personal Estate; Transfer.
462.221 Stock as personal estate; transfer. Sec. 221. The stock of a railroad company is considered personal estate and is transferable in the manner and under such restrictions and conditions as may be provided for in the by-laws, but any certificate of stock issued before payment in full, shall show on its face, or by […]
Section 462.223 – Railroad Company; Liabilities and Restrictions.
462.223 Railroad company; liabilities and restrictions. Sec. 223. A railroad company shall possess the general powers and be subject to the following liabilities and restrictions: (a) To cause such examinations and surveys of the proposed railroad, or railroad bridge or tunnel to be made as may be necessary to the selection of the most advantageous […]
Section 462.225 – Ownership and Operation of Steamboats, Barges, or Vessels; Conditions.
462.225 Ownership and operation of steamboats, barges, or vessels; conditions. Sec. 225. A railroad company in this state having either or both of its terminals at the shore of 1 of the navigable lakes or streams through which the boundary line between this state and other states or the Dominion of Canada passes, where physical […]