§ 124-1 – Control of internal improvements.
124-1. Control of internal improvements. The Governor and Council of State shall have charge of all the State’s interest in all railroads, canals and other works of internal improvements. The Board of Directors of a State-owned railroad company shall be responsible for managing its affairs and for reporting as set forth in G.S. 124-17. (1925, […]
§ 124-2 – State deemed shareholder in corporation accepting appropriation.
124-2. State deemed shareholder in corporation accepting appropriation. When an appropriation is made by the State to any work of internal improvement conducted by a corporation, the State shall be considered, if so directed in the act making the appropriation, a stockholder in such corporation, and shall have as many shares as may correspond with […]
§ 124-3 – Report of railroad, canal, etc.; contents.
124-3. Report of railroad, canal, etc.; contents. (a) The president or other chief officer of every railroad, canal, or other public work of internal improvement in which the State owns an interest, shall, report annually to the Joint Legislative Commission on Governmental Operations. This report shall include: (1) Number of shares owned by the State. […]