Upon the payment of the fees prescribed by law, the Secretary of State shall issue to the corporation a charter granting unto it perpetual existence in accordance with its articles of incorporation unless a limited term of existence shall be provided for in the articles.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 11 - Establishment and Organization of Railroads
Subchapter 2 - Railroad Incorporation Act of 1959
§ 23-11-203. Articles of incorporation
§ 23-11-204. Formation of railroad corporation — Application — Contents
§ 23-11-205. Application for incorporation — Hearing — Order of department
§ 23-11-206. Issuance of charter
§ 23-11-207. Filing of papers — Effect
§ 23-11-208. Characteristics and powers generally of corporation
§ 23-11-209. Specific powers and liabilities
§ 23-11-210. Stockholders' first meeting
§ 23-11-211. Annual and special meetings of stockholders
§ 23-11-212. Voting of shares generally
§ 23-11-213. Board of directors — Members
§ 23-11-214. Board of directors — Meetings
§ 23-11-215. Board of directors — Powers generally
§ 23-11-216. Board of directors — Issuance of bonds, certificates of indebtedness — Security
§ 23-11-217. Dividends — Declaration and payment by board of directors
§ 23-11-218. Officers and committees of board of directors
§ 23-11-219. Subscription contracts for sale of stock
§ 23-11-220. Amendment of articles of incorporation
§ 23-11-221. Dissolution or liquidation of railroad corporation
§ 23-11-223. Corporations existing prior to June 7, 1945 — Extension of charter