Section 4967.25 | Company Selling Interest May Purchase or Condemn Land Along Route.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly If, pursuant to the agreement or to the proceedings provided for in sections 4967.21 to 4967.24, inclusive, of the Revised Code, either railroad company sells or conveys, or suffers to be sold or conveyed, its interest in the railroad or part thereof […]
Section 4967.26 | Application in Case of Lease.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Sections 4967.21 to 4967.25, inclusive, of the Revised Code, apply in case one or more railroad companies or owners in common has leased its interest in the portion of railroad owned in common, and the lessee of such interest may unite with […]
Section 4967.18 | Taxation of Property of Railroad Located in This State.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly That part of the railroad of a consolidated or surviving railroad company located in this state, and all its real and personal property in this state, shall be listed for taxation and taxed in the same manner as the railroad and property […]
Section 4967.19 | Actions Against New Company.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Suits may be brought and maintained against the new company formed by a consolidation of railroad companies, or against the surviving company in the case of a merger, in the courts of this state for all causes of action, in the same […]
Section 4967.20 | Proof of Charters Not Required.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly In any suit brought to charge a consolidated or surviving railroad company with a liability of any company party to the consolidation or merger, it is not necessary to produce or prove: (A) The charters of such companies; (B) The laws of […]
Section 4967.21 | Two or More Companies Owning a Road May Divide and Dispose of It.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When two or more railroad companies are owners in common of the whole or a part of a railroad located within this state, and by reason of inequality in the amount of business done on such railroad by each company require a […]
Section 4967.22 | Proceedings When Companies Cannot Agree on a Division.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly If the companies referred to in section 4967.21 of the Revised Code are unable to agree upon an equitable plan for improving and developing, or for the division and sale of, the railroad and appurtenances or part thereof so owned in common, […]
Section 4967.23 | Cost of Improvements.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The cost of the additions or improvements referred to in section 4967.22 of the Revised Code, unless otherwise agreed between the joint owners, shall be paid by them in proportion to their ownership in the joint property, irrespective of the amount of […]
Section 4967.24 | Partition Not Compulsory.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Sections 4967.21 to 4967.23, inclusive, of the Revised Code, do not imply or confer a right or power of compulsory partition of the joint property against the will of either of the joint owners, but it may be sold upon execution as […]
Section 4967.15 | Property of Company Acquired by Purchase Vested in Consolidated Company.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When the whole of the capital stock referred to in section 4967.14 of the Revised Code is surrendered or transferred, and a certificate thereof filed in the office of the secretary of state, under the common seal of the consolidated railroad company […]