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 […]
Section 4969.04 | Title Vests in Grantee.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The title to the property transferred, with the right to use, occupy, and enjoy it for all purposes proper in the construction, maintenance, and operation of a railroad thereon, shall pass to and vest in the grantee company, by the execution of […]
Section 4969.05 | Certain Contracts of Sale Void Unless Recorded.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly No contract for the sale of railroad equipment, rolling stock, or other personal property to be used in or about the operation of a railroad, by the terms of which the purchase money, in whole or part, is to be paid in […]
Section 4969.06 | Parties May Provide for a Conditional Sale in a Lease.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Any written contract for the renting, leasing, or hiring of railroad equipment, rolling stock, or other personal property to be used in or about the operation of a railroad, may stipulate or provide for a conditional sale of the property at the […]
Section 4969.07 | Sale of Equipment.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Sections 4969.05 and 4969.06 of the Revised Code apply, not only to contracts made with a railroad company as vendee or lessee, but also apply to all contracts which may be made with any interurban railroad or street railway company, or other […]
Section 4969.08 | Receiver.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When a railroad, the whole or part of which lies within this state, has been placed by order of a court in the hands of a receiver who has taken charge of and is operating it for the purpose of carrying passengers, […]
Section 4969.01 | Sale of Roadbed and Right of Way.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly A company, owning in whole or in part a roadbed and right of way for a railroad within this state, including those acquired by purchase at judicial sale, which, from lack of means or other cause, is unable to complete the construction […]