Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
If, pursuant to the agreement or to the proceedings provided for in sections 4967.21 to 4967.24, inclusive, of the Revised Code, either railroad company sells or conveys, or suffers to be sold or conveyed, its interest in the railroad or part thereof so owned in common, such company may acquire by purchase or condemnation such land as it needs to construct, maintain, and operate a railroad along and adjacent to such part of its chartered route as was so sold or conveyed, and it shall have and enjoy all rights and franchises in respect to such newly acquired railroad as were held and enjoyed in respect to the railroad sold or conveyed.
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.