§ 23-11-401. Authority to construct railroads in state

Any railroad company existing under the laws of any other state or territory may extend and construct its railroad into or through this state.

§ 23-11-402. Purchase or lease of state roads — Exception

Subject to approval thereof by the Arkansas Department of Transportation under such rules for procedure as it may establish and a determination that action will be in the public interest, any railroad corporation existing under the laws of any other state or territory may buy, lease, or otherwise acquire any railroad, the whole or part […]

§ 23-11-403. Lessor and lessee of railroad subject to laws

A corporation in this state leasing its road to a corporation of another state shall remain liable as if it operated the road itself, and a corporation of another state, being the lessee of a railroad in this state, shall likewise be held liable for the violation of any of the laws of this state […]

§ 23-11-404. Right to tax uncurtailed

Nothing in §§ 23-11-302, 23-11-401, and 23-11-402 shall be held or construed as curtailing the right of state or counties through which a consolidated, leased, or purchased road may be located to levy and collect taxes upon the road and the rolling stock thereof, pro rata, in conformity with the provisions of the laws of […]