Section 39-6-18. – Reduction of facilities by agreements — Filing of contracts.
§ 39-6-18. Reduction of facilities by agreements — Filing of contracts. The facilities for travel and business on either of the roads of any corporations acting under the provisions of §§ 39-6-16 — 39-6-18 shall not be diminished by the terms or conditions of any agreement under this chapter, and copies of all contracts made […]
Section 39-6-19. – Sale of equipment with reserved title or lien — Lease with option to purchase.
§ 39-6-19. Sale of equipment with reserved title or lien — Lease with option to purchase. In any contract for the sale of railroad or street railway equipment or rolling stock, it shall be lawful to agree that the title to the property sold, or contracted to be sold, although possession thereof may be delivered […]
Section 39-6-20. – Recording of contracts — Declaration of full payment or performance of conditions — Fees.
§ 39-6-20. Recording of contracts — Declaration of full payment or performance of conditions — Fees. The contracts herein authorized shall be recorded by the secretary of state in a book of records to be kept for that purpose. And on payment in full of the purchase money, and the performance of the terms and […]
Section 39-6-21. – Prior contracts for sale of equipment.
§ 39-6-21. Prior contracts for sale of equipment. Sections 39-6-19 and 39-6-20 shall not be held to invalidate or affect in any way any contract made prior to February 21, 1893, of the kind referred to in § 39-6-19, and any contract theretofore made may, upon compliance with the provisions of §§ 39-6-19 and 39-6-20, […]
Section 39-6-22. – Liability of trustees and bondholders operating road.
§ 39-6-22. Liability of trustees and bondholders operating road. Whenever any railroad corporation shall mortgage or convey in trust its railroad or railroad property, or any part thereof, to trustees, for the security of its bondholders or other creditors, or for the security of any class of bondholders or other creditors, and the trustees shall […]
Section 39-6-23. – Annual report by trustees.
§ 39-6-23. Annual report by trustees. Whenever any railroad corporation, the charter whereof requires the directors to make an annual report to the general assembly, shall have passed into the hands of trustees, the trustees, instead of the directors, shall make the report while the road remains in their hands, which report shall be approved […]
Section 39-6-8. – Reversion of abandoned lands.
§ 39-6-8. Reversion of abandoned lands. Any and all lands, materials, and their appurtenances, covered by an abandoned location, that may have been taken or used and not paid for by the railroad company before abandonment, shall immediately, on the report thereof to such court as provided in § 39-6-7, revert to, and the title […]
Section 39-6-24. – Redemption of franchise and property from sale on execution.
§ 39-6-24. Redemption of franchise and property from sale on execution. The franchise and property of a railroad corporation may be redeemed by it, or any mortgagee thereof, from sale on execution by paying or tendering to the purchaser the sum paid therefor at the sale, with interest, at any time within sixty (60) days […]
Section 39-6-9. – Possession of land adverse to railroad.
§ 39-6-9. Possession of land adverse to railroad. No length of possession, user, or occupancy of land belonging to a railroad corporation by an owner or occupier of adjoining land shall hereafter create any right in or to the land of the corporation in an adjoining owner or occupant or in any person claiming under […]
Section 39-6-25. – Rights and liabilities of purchaser at mortgage or judicial sale.
§ 39-6-25. Rights and liabilities of purchaser at mortgage or judicial sale. The purchaser of any railroad or street railway and of the property, rights, privileges, and franchises therewith connected, at a sale under a valid foreclosure of a legal mortgage thereof, or at a valid sale under the power of sale of the mortgage, […]