Companies incorporated under this chapter may mortgage, sell, or lease their canal and other properties, corporate rights, and franchises to any person or corporation to obtain money to purchase, construct, or maintain their works and franchises.
History. Ga. L. 1893, p. 81, § 9; Civil Code 1895, § 1995; Civil Code 1910, § 2376; Code 1933, § 17-112.
Structure Georgia Code
Title 52 - Waters of the State, Ports, and Watercraft
§ 52-4-1. Filing of Petition for Incorporation; Contents of Petition; Filing Fee
§ 52-4-2. Issuance of Certificate of Incorporation
§ 52-4-3. Maintenance by Secretary of State of Files and Books Regarding Canal Companies
§ 52-4-4. Time of Commencement of Corporate Existence; Duration of Corporate Existence
§ 52-4-7. Location of Principal Office
§ 52-4-8. Powers and Duties of Companies Generally
§ 52-4-9. Right of Corporation to Increase or Decrease Capital Stock
§ 52-4-11. Furnishing of Canal Water by Canal Companies; Charges for Use of Water
§ 52-4-12. Toll Rates for Use of Canals
§ 52-4-13. Encroachment of Canals Upon Public Roads; Construction and Maintenance of Bridges
§ 52-4-14. Mortgage, Sale, or Lease of Canal, Other Properties, Corporate Rights, and Franchises