Section 4969.19 | Purchaser at Judicial Sale May Sell Railroad.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The purchaser of the property, roadbeds, rights of way, fixtures, and franchises of a railroad company in this state, situated wholly or in part in this state, sold pursuant to judicial order, judgment, or decree, and which sale is confirmed by the […]
Section 4969.20 | Any Number of Persons May Purchase and Incorporate.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A railroad company organized or existing under the laws of this state may purchase the property as provided in section 4969.19 of the Revised Code. Any number of persons may purchase such railroad, roadbeds, rights of way, property, and franchises either directly […]
Section 4969.21 | May Issue Stock and Bonds to Pay Purchase Price.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A corporation may provide for the purchase price of the railroad and other property bought as provided in section 4969.20 of the Revised Code by the issue of its capital stock, preferred or common, and bonds secured by mortgage or otherwise, bearing […]
Section 4969.22 | Certain Rights of Way Forfeited.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Where a right of way, or part thereof, upon an unfinished railroad remains for ten years unused for railroad purposes, it shall be held forfeited and shall revert to the owner of the land, unless at least twenty miles of the railroad […]
Section 4969.13 | Receiver Must Petition for Sale.
Effective: October 7, 1977 Latest Legislation: House Bill 42 – 112th General Assembly Before a sale under section 4969.12 of the Revised Code is ordered, the receiver shall file in the court his petition therefor, in which he shall set forth the names of the creditors of the company, with the sums due to each […]
Section 4969.14 | Order for Appraisement.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly On proof of the publication of the notice required by section 4969.13 of the Revised Code, and being satisfied that a sale is necessary to pay the indebtedness of the company, the court shall order the sale of such railroad, roadbed, rights […]
Section 4969.15 | Notice of Sale to Be Published.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Before a sale referred to in section 4969.12 of the Revised Code is made, notice thereof shall be given by publication, for six consecutive weeks, in some newspaper published and of general circulation in each of the counties through or in which […]
Section 4969.16 | Confirmation of Sale and Deed – Distribution of Proceeds.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When a sale referred to in section 4969.12 of the Revised Code is made and reported to the court, if satisfied that it was conducted according to law and its order, the court shall confirm the sale and order the receiver to […]
Section 4969.17 | Who May Purchase Property.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A company organized under the laws of this state may purchase the property referred to in section 4969.12 of the Revised Code. Any number of persons not less than five may purchase such railroad, roadbed, rights of way, property, and franchises at […]
Section 4969.18 | Purchaser May Acquire Franchise.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The purchaser of a railroad situated wholly or partly within this state, sold pursuant to judicial proceedings, may acquire the franchise originally vested in the company which held the railroad prior to such sale, by grant of such company, under such terms […]