Sec. 2. The railroad companies uniting in the formation of such corporation are designated as proprietary companies, and shall make a certificate of incorporation, in which they shall specify the name of the company to be incorporated under the certificate of incorporation, the amount of the capital stock of such company, the number and the par value of the shares into which it shall be divided, the aggregate amount of the par value of the shares of each proprietary company, the county or counties in which said union railway shall be situated, with the name of the town or city within or near which said union railway is to be constructed.
Formerly: Acts 1885, c.20, s.2. As amended by P.L.136-2018, SEC.89.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 4. Organization and Operation of Railroads
Chapter 7. Incorporation of Union Railway Companies
8-4-7-1. Authority for Formation
8-4-7-2. Capitalization; Certificate of Incorporation
8-4-7-3. Certificate of Incorporation; Powers and Duties
8-4-7-4. Directors; Numbers; Acquisition of Property
8-4-7-5. Stock Certificates; Proprietary Companies
8-4-7-6. Belt Railroad; Operation
8-4-7-7. Acquisition of Property; Eminent Domain
8-4-7-8. Eminent Domain; Application of Law
8-4-7-9. Financing of Operation; Loans and Bond Issues
8-4-7-10. Vacation of Street or Alley
8-4-7-11. Joint Use of Facilities and Equipment
8-4-7-12. Directors, Officers, and Employees
8-4-7-13. Board of Managers; Associate Companies
8-4-7-14. Associate Companies; Board of Managers; Delegation of Powers and Duties
8-4-7-15. Contracts; Tort Liability
8-4-7-16. Acceptance of Provisions of Chapter; Certificate; Filing
8-4-7-18. Mechanic's Liens; Joint Liability of Proprietary Companies
8-4-7-19. Facilities and Connections; Joint Use by Proprietary Companies