Sec. 5. Any such railroad company whose road is incomplete who shall fail to complete the same, or who shall fail to expend at least twenty-five thousand dollars ($25,000) towards the completion thereof in each year, shall be taken and held to come within the purview of this chapter.
Formerly: Acts 1867, c.80, s.5. As amended by P.L.62-1984, SEC.63.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 4. Organization and Operation of Railroads
Chapter 12. Abandonment of Certain Railroads
8-4-12-1. Forfeiture of Rights, Privileges, and Franchises
8-4-12-2. Takeover of Derelict Company by New Company; Appraisement
8-4-12-3. Payment of Appraised Value; Disposition
8-4-12-5. Evidence of Abandonment