Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
When a consolidated railroad company described in section 4967.13 of the Revised Code is in possession of or operating in connection with or extension of its own railroad, any other railroad in this state or any other state, under purchase, conveyance, lease, contract, or agreement, such company may take a surrender or transfer of the whole or a part of the capital stock of the company conveying, leasing, or owning such railroad, from one or more stockholders, and issue in exchange therefor the like additional amount of its own capital stock, at par or on such other terms as are agreed upon by the directors of the consolidated railroad company.
Structure Ohio Revised Code
Chapter 4967 | Consolidation of Railroads
Section 4967.01 | Companies May Consolidate.
Section 4967.02 | Consolidation or Merger of Railroad Companies.
Section 4967.03 | Merger With Other Railroad Companies.
Section 4967.04 | Agreement of Consolidation or Merger.
Section 4967.10 | Relief for Dissenting Shareholder.
Section 4967.12 | Property of Old Companies Vests in New - Rights of Creditors Not Impaired.
Section 4967.13 | Disposition of Stocks and Bonds Acquired Upon Consolidation or Merger.
Section 4967.14 | Consolidated Company May Issue Stock in Lieu of Purchase Money.
Section 4967.15 | Property of Company Acquired by Purchase Vested in Consolidated Company.
Section 4967.16 | Effect of Consolidation.
Section 4967.17 | Principal Office.
Section 4967.18 | Taxation of Property of Railroad Located in This State.
Section 4967.19 | Actions Against New Company.
Section 4967.20 | Proof of Charters Not Required.
Section 4967.21 | Two or More Companies Owning a Road May Divide and Dispose of It.
Section 4967.22 | Proceedings When Companies Cannot Agree on a Division.
Section 4967.23 | Cost of Improvements.
Section 4967.24 | Partition Not Compulsory.
Section 4967.25 | Company Selling Interest May Purchase or Condemn Land Along Route.