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10A-21-2.12
Section 10A-21-2.12 Aiding of another corporation in railroad construction or entering into
line arrangements. (a) Any railroad corporation and any mining, manufacturing, or quarrying
corporation may, at any time, by means of subscription to the capital stock of any other corporation
or company or otherwise, aid the corporation or company in the construction of its railroad
for the purpose of forming a connection with the railroad or the principal place of business
or works of the corporation furnishing the aid. (b) Any corporation may purchase at judicial
sale, or otherwise hold and use or lease any part or all of the railroad constructed by another
corporation or company, together with its franchises, rights, and property, or may acquire,
hold, and use all or any part of the capital stock of another corporation chartered under
the laws of this state or any other state, if the railroad or railroads so purchased connect
with, or will, when completed, connect with the railroad works,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-21-2.12.htm - 2K - Match Info - Similar pages
10A-21-2.10
Section 10A-21-2.10 Operation of transportation methods for persons or property by railroad,
mining, manufacturing, and quarrying companies. Railroad companies and mining, manufacturing,
and quarrying companies may contract, purchase, or otherwise acquire, own, operate, and maintain
steamboats, barges, ships, and other vessels for transportation of freight and passengers
on the navigable waters of this state, any other state or foreign country and on the seas.
Railroad companies may purchase or otherwise acquire, own, maintain, and operate motor vehicles
for the transportation of persons or property, or both, upon the highways of this state; they
may purchase or otherwise acquire, own, maintain, and operate airplanes for the transportation
of persons or property, or both, in the air; they may purchase, lease, or otherwise acquire
and own the property, rights, and franchises of any individual, firm, partnership, or other
association of persons, or corporation, engaged in the...
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37-11A-1
by the Governor, or upon its otherwise becoming a law, and when the State of Mississippi ratifies
the compact. Article III. For purposes of this compact, the following terms shall have the
following meanings: (1) Person means an individual, a corporation, a partnership, or any other
entity. (2) Railroad means a common carrier by railroad as defined in Section 1(3) of Part
I of the Interstate Commerce Act [codified as 49 U.S.C. §1(3)]. (3) Railroad properties and
facilities mean any real or personal property or interest in property which is owned,
leased, or otherwise controlled by a railroad or other person, including, without limitation,
the authority, and which are used or are useful in rail transportation service, including,
without limiting the generality of the foregoing: a. Track, roadbed, and related structures,
including rail, ties, ballast, other track materials, grading, tunnels, bridges, trestles,
culverts, elevated structures, stations, office buildings used for operating...
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10A-21-2.13
Section 10A-21-2.13 Operation of railroads or canals without state and making extensions within
state by railroad, mining, manufacturing, and quarrying companies. Railroads, mining, manufacturing,
and quarrying companies may purchase, lease, or acquire in any other manner, hold and operate
a railroad or railroads or canals without this state for the purpose of making extensions
or connections, and within this state may extend their roads or may construct and operate
branch roads from any point or points on their lines and may also construct and operate second
tracks, roads, or branch roads connecting any two points on their lines. The purchase must
be made by resolution of the board of directors, which must be submitted to a meeting of the
stockholders, called for the purpose of its consideration; at the meeting the resolution must
be approved by the vote of holders of the larger amount in value of the stock, and if the
resolution is so approved, a copy thereof and of the proceedings...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-21-2.13.htm - 2K - Match Info - Similar pages
11-65-2
Section 11-65-2 Definitions. (a) The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, unless the context clearly indicates
otherwise, have the following respective meanings: (1) ALABAMA-BRED. When this term is used
with reference to a horse, it means a horse which is registered in the registry designated
and administered by a commission in accordance with such rules concerning domicile and registration
requirements as may be established by such commission and which is either (i) foaled from
a mare domiciled in the state during the 10-year period beginning with January 1, 1991, or
(ii) sired by an Alabama stallion and foaled from a mare domiciled in the state at any time
after the expiration of such 10-year period. (2) ALABAMA STALLION. A stallion which is standing
in the state at the time he is bred to the dam of an Alabama-bred horse, which is registered
with a commission, and which is owned or leased by a resident of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-2.htm - 17K - Match Info - Similar pages
40-21-52
Section 40-21-52 Freight lines and equipment companies. Any person, firm, joint-stock association,
or corporation, wherever organized or incorporated, engaged in the business of operating,
renting, leasing, or furnishing cars not otherwise listed for taxation in this state for the
transportation of freight, whether such freight is owned by such company or any other person,
firm, joint-stock association, or corporation, over any railroad or railway line or lines
in whole or in part within this state, such line or lines not being owned, leased, or operated
by such person, firm, joint-stock association, or corporation, whether such cars are termed
box, flat, coal, ore, tank, stock, gondola, furniture, automobile, refrigerator, or some other
name, shall be deemed to be a freight line or equipment company. Each freight line or equipment
company doing business, owning, operating, renting, leasing, or furnishing cars which are
operated in this state shall, on or before March 1 each year, make...
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37-2-1
Section 37-2-1 "Transportation company" defined. The term "transportation company"
shall mean and include every person not engaged solely in interstate commerce or business
that now or may hereafter own, operate, lease, manage or control, as common carriers or for
hire: Any railroad or part of a railroad in this state or any cars or other equipment used
thereon, or bridges, terminals or sidetracks used in connection therewith, whether owned by
such railroad or otherwise; any express companies; any car companies; any sleeping car companies;
any steamboat or steam packet company or common carrier for hire by water regardless of the
propelling power used; any railroad depot or terminal station; any telegraph line; any telephone
line; any pipeline for the transportation of oil or other commodity, whether the transportation
is by pipeline or partly by pipeline and partly by rail, truck or water. This term shall also
mean and include two or more transportation companies rendering joint...
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10A-20-7.10
Section 10A-20-7.10 Rights to shares, bonds, securities, or other evidences of corporate indebtedness.
(a) Notwithstanding any rule at common law, any provision of any general or special law or
any provision in their respective charters, agreements of association, certificate of formation,
or trust indentures: (1) Any person, including all domestic corporations organized for the
purpose of carrying on business within this state, and further including, without implied
limitation, public utility companies, insurance companies, foreign corporations licensed to
do business within this state, all financial institutions, as defined in Section 10A-20-7.01,
and all trusts, are hereby authorized to acquire, purchase, hold, sell, assign, transfer,
mortgage, pledge, or otherwise dispose of any bonds, securities, or other evidences of indebtedness
created by, or the shares of the capital stock of, the corporation and, while owners of the
stock, to exercise all the rights, powers, and privileges of...
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40-11-1
and all capital invested in bonds or currency which are exempt from taxation shall be liable
to be taxed under this section should such capital at any time during the year be reconverted
into money, bonds, or property which is taxable, unless it is made to appear that the money,
bonds, or property into which such reconversion may be made has been assessed for taxes for
such year; (8) All roadbed, track, engines, cars, derricks, cranes, signals, crossties, and
other property, real and personal, of railroads, of mining and manufacturing plants,
and all tramroads, pole-roads, canals, ditches, and channels used for transporting or moving
mineral ore, lumber, timber, logs, minerals, coal, ore, sand, gravel, or other commodities,
whether raw or manufactured, which are not taxed as improvements on the land or plant or main
property, of the owner of such tramroads, pole-roads, canals, ditches, or channels; (9) Repealed
by Act 99-665, 2nd Sp. Sess., § 9. As to effective date, see the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-11-1.htm - 11K - Match Info - Similar pages
37-13-7
corporate name for the duration of time (which may be in perpetuity) specified in its certificate
of incorporation; (2) To sue and be sued in its own name in civil suit and actions; (3) To
adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt and
alter bylaws for the regulation and conduct of its affairs and business; (5) To acquire, receive,
take and hold, whether by purchase, gift, lease, devise, or otherwise, property of every description,
whether real, personal or mixed, whether in one or more counties and whether within
or without the boundaries or corporate limits (as the case may be) of any authorizing subdivision,
and to manage said property, and to develop any undeveloped property owned, leased or controlled
by it in a manner necessary or convenient to carry out the purposes of this chapter; (6) To
execute such contracts and other instruments and to take such other action as may be necessary
or convenient to carry out the purposes of this...
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