Sec. 3. Articles of association formed under section 1 of this chapter shall be filed in the office of the secretary of state; and, thereupon, the persons who have subscribed the same, and all persons who shall, from time to time, become stockholders in such company, and their successors, shall be a body politic and corporate, in perpetuity, by the name stated in such articles of association; and may sue or be sued; and may have a common seal, and may make and alter the same at pleasure; and shall be capable, in law, of purchasing, holding, and conveying any real and personal property whatever, necessary for the construction of such road and for the erection of all necessary buildings and yards and appurtenances for the use of the same. A copy of any articles of association filed in pursuance of this chapter, and certified to be a copy, by the secretary of state or the secretary of state's deputy, shall, in all courts and places, be presumptive evidence of the incorporation of such company and of the facts stated in the articles of association.
Formerly: Acts 1852, 1RS, c.83, s.2. As amended by P.L.62-1984, SEC.32; P.L.136-2018, SEC.86.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 4. Organization and Operation of Railroads
Chapter 1. Incorporation of Railroad Companies
8-4-1-2. Shareholders; Preemptive Rights
8-4-1-3. Articles of Association; Filing With Secretary of State
8-4-1-4. Subscriptions to the Stock
8-4-1-5. Shareholders; Annual Meeting; Directors, Election, and Term
8-4-1-6. Meetings of Shareholders; Notice; Requisites
8-4-1-7. Meetings of Shareholders; Annual Report; Removal of Officers
8-4-1-8. Directors; Elections; President and Other Officers; Appointment or Election
8-4-1-9. Stock Subscriptions; Demands for Payment
8-4-1-10. By-Laws; Officers and Employees; Appointment and Duties
8-4-1-11. Stock Certificates; Issuance and Transfer
8-4-1-12. Certificate of Capitalization
8-4-1-13. Maps and Route Profile; Filing
8-4-1-14. General Powers and Duties; Enumeration
8-4-1-15. Eminent Domain; Right to Acquire Title
8-4-1-16. Eminent Domain; Damages; Appraisals; Appeals
8-4-1-17. Eminent Domain; Conflicting Claimants to Compensation; Judicial Determination
8-4-1-18. Eminent Domain; Court Appointed Attorney for Absentees or Persons Unknown
8-4-1-19. Eminent Domain; Stay of Proceedings; Perfecting Defective Title
8-4-1-20. Financing of Operations; Loans and Issue of Security
8-4-1-22. Railroad Crossings; Grade Separation
8-4-1-23. Public Lands; Acquisition; Location Upon Grounds of State Institutions
8-4-1-24. Employees; Identification Badges
8-4-1-25. State Lien for Penalties, Taxes, and Dues
8-4-1-31. Maps and Profiles; Certificates of Proposed Line; Filing
8-4-1-32. Failure to Complete Road; Voiding of Corporation