Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
A railroad company which has been in existence three years, and has not begun to build the railroad described in its articles of incorporation, or whose railroad, if commenced, has been abandoned for three years, may be dissolved by a vote of two thirds of its stockholders at a meeting called for that purpose by its president, notice of which shall be published in each county through or into which the line of the proposed railroad passes at least thirty days before the meeting is held.
Structure Ohio Revised Code
Chapter 4961 | Special Powers of Railroads
Section 4961.01 | Tracks Maintained and Operated by Railroads.
Section 4961.02 | Electricity as Motive Power.
Section 4961.03 | Highway and Aerial Transportation Authorized.
Section 4961.04 | Terminus on State Line.
Section 4961.05 | Changes of Line or Termini.
Section 4961.06 | Mortgage on Changed Line of Railroad.
Section 4961.07 | Route May Be Changed.
Section 4961.08 | Damages for Diversion.
Section 4961.09 | Change of Location or Grade.
Section 4961.10 | Appropriation of Land to Make Change.
Section 4961.11 | Damages by Change After Completion.
Section 4961.12 | Construction of Branch Road.
Section 4961.13 | Right of Entry.
Section 4961.15 | Company May Acquire Lands.
Section 4961.151 | Validity of Deeds.
Section 4961.16 | Appropriation of Easement.
Section 4961.17 | Submission of Plans to Legislative Authority.
Section 4961.18 | Authorization of Extension of Line.
Section 4961.19 | Diversion of Road or Stream.
Section 4961.20 | Construction of Bridges - Use as Toll Bridges.
Section 4961.25 | Companies Must Use Same Bridge.
Section 4961.26 | Petition - Contents.
Section 4961.27 | Directors May Receive Subscriptions in Installments.
Section 4961.28 | Conditional Subscriptions.
Section 4961.29 | Subscription to Aid Another Company.
Section 4961.30 | Lease or Purchase of Another Railroad.
Section 4961.31 | Noncompetitive Companies May Make Beneficial Arrangements.
Section 4961.32 | Procedure for Aid, Lease, and Purchase.
Section 4961.33 | Dissenting Stockholder May Sell Stock.
Section 4961.34 | Court May Appoint Arbitrators.
Section 4961.35 | Notice of Application.
Section 4961.36 | Lease of Railroad - Security Required.
Section 4961.37 | Lessor and Lessee Jointly Liable.
Section 4961.38 | Dissolution of Certain Companies.
Section 4961.39 | Lease of Right of Way to Be Recorded.
Section 4961.40 | Owner of Land Leased for Right of Way Not to Be Taxed.