Any railway company which may have built its road to the boundary line of the state may extend into the adjoining state and for that purpose may build, buy, or lease a railroad in the adjoining state and operate the railroad. The company may own such real estate and other property in the adjoining state as may be convenient in operating the road.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 11 - Establishment and Organization of Railroads
Subchapter 3 - Sale, Lease, or Consolidation
§ 23-11-301. Authority of railroad to sell or lease road or property
§ 23-11-303. Construction, purchase, or lease of railroad in adjoining state authorized
§ 23-11-304. Formation of connecting lines — Aid to construction of other railroad authorized
§ 23-11-305. Consolidation when lines connect at state boundary line
§ 23-11-306. Consolidation of two or more railroad companies to effect continuous line
§ 23-11-307. Consolidation with foreign corporation
§ 23-11-308. Bonds issued by leasing, purchasing, or consolidating corporation — Security for bonds
§ 23-11-309. Stockholders' consent required for purchase of stock, lease, or consolidation
§ 23-11-310. Articles of consolidation or purchase — Amount of capital stock
§ 23-11-311. Control of parallel or competing line prohibited — Contracts, etc., void — Penalties
§ 23-11-312. Rights and privileges of consolidated and purchasing companies
§ 23-11-313. Debts of purchased or consolidated companies — Claims