When any railroad shall be opened for use, the General Assembly may, from time to time, alter or reduce the rates of toll, fare, freights, or other profits upon the road. However, the rates shall not be so reduced without the consent of the corporation as to produce, with the profits, less than fifteen percent (15%) per annum on the capital actually paid in or, unless upon examination of the amounts received and expended to be made by him or her, the Secretary of State shall ascertain that the net income derived by the company from all sources for the year then last past shall have exceeded an annual income of fifteen percent (15%) upon the capital of the corporation actually paid in.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 4 - Regulation of Rates and Charges Generally
Subchapter 6 - Railroads and Other Carriers Generally
§ 23-4-603. Railroads — Charges to be reasonable and just
§ 23-4-604. Railroads and express companies — Schedule of rates
§ 23-4-605. Railroads and express companies — Overcharging prohibited
§ 23-4-606. Continuous railroad lines
§ 23-4-607. Connecting railroad lines — Division of charges
§ 23-4-608. Penalties for violations of §§ 23-4-606 and 23-4-607 — Actions to recover penalties
§ 23-4-609. Connecting railroad lines under one management
§ 23-4-610. Railroads — Through-freight rates and regulations
§ 23-4-611. Railroads — Short lines
§ 23-4-612. Railroads — Switching charges on coal cars
§ 23-4-613. Railroads — Bills of lading
§ 23-4-614. Railroads — Freight rates on crushed stone, sand, and gravel
§ 23-4-615. Railroads — Sleeping car tariffs
§ 23-4-616. Railroads — Additional charge for stopping at other than regular station
§ 23-4-617. Railroads — Passengers without tickets
§ 23-4-618. Railroads — Ejection of passengers upon failure to pay fare
§ 23-4-619. Railroads — Rate reductions
§ 23-4-620. Notice of rate changes
§ 23-4-621. Rate changes to be reflected in schedules
§ 23-4-622. Investigation of rate changes
§ 23-4-623. Suspension of proposed rates
§ 23-4-624. Interim implementation of suspended rates
§ 23-4-625. Rate increase not effective until final order
§ 23-4-626. Authority of department to fix rates — Apportionment of increase
§ 23-4-628. Issuance of commission's order — Rates to be collected
§ 23-4-629. Surcharge to collect rates increased by courts
§ 23-4-630. Refunds of excessive rate collections under bond
§ 23-4-631. Refunds of excessive bonded collections — Order not stayed during rehearing
§ 23-4-632. Surcharge to collect excessive refunds
§ 23-4-633. Petition for mandamus
§ 23-4-634. Suit to compel refunds — Proceeds