Every railroad corporation shall make an annual report to the department of transportation of the operations of the year ending on December 31. The president or general superintendent and the secretary and treasurer of the corporation shall verify the report. A railroad corporation shall file the report with the department of transportation on or before March 1 next ensuing and shall state:

1. A. the capital stock and the amount thereof actually paid in;
2. B. the amount paid for the purchase of lands for the construction of the road, for buildings, engines and cars, respectively;
3. C. the amount and nature of the indebtedness of the corporation and the amount due to it;
4. D. the amount received for the transportation of passengers, property, mails, express matter, respectively, and the amount received from any other sources;
5. E. the amount of freight transported, specifying the quantity in tons;
6. F. the amount paid for the repair of engines, cars, buildings and other expenses, in gross, showing the current expense of running its road;
7. G. the number and amount of dividends and when paid; and
8. H. the number of engine houses and shops, of engines and cars and their character.

History: Laws 1878, ch. 1, ch. [tit.] 8, § 22; C.L. 1884, § 2686; C.L. 1897, § 3875; Code 1915, § 4695; C.S. 1929, § 116-143; 1941 Comp., § 74-143; 1953 Comp., § 69-1-43; 1978 Comp., § 63-1-41; 2023, ch. 100, § 20.

ANNOTATIONS

Cross references. — For Corporate Reports Act, see 53-5-1 to 53-5-9 NMSA 1978.

Compiler's notes. — The 1915 Code compilers substituted "state corporation commission" and "said commission" for "secretary of this territory" in the preliminary paragraph to be consistent with N.M. Const., art. XI, § 6. Article XI, § 6 was repealed and a new Article XI, § 1 was adopted effective January 1, 1999 creating the public regulation commission.

The 2023 amendment, effective July 1, 2024, changed the agency to which every railroad corporation must submit an annual report, from the state corporation commission to the department of transportation, due to the transfer of certain powers and duties to the department of transportation; added the section heading "Annual report"; after "annual report to the", deleted "state corporation commission" and added "department of transportation", after "treasurer of the corporation", deleted "Such report must be filed in the office of said commission" and added "shall verify the report. A railroad corporation shall file the report with the department of transportation"; and redesignated "First" through "Eighth" as Subsections A through H, respectively.

Temporary provisions. — Laws 2023, ch. 100, § 80, effective July 1, 2024, provided that:

A. On July 1, 2024, all staff positions, functions, personnel, appropriations, money, records, equipment, supplies, other property and contractual obligations of the public regulation commission related to motor carrier regulation and enforcement, railroad safety enforcement and ambulance standards are transferred to the department of transportation.

B. Beginning July 1, 2024, all references in law, rules, orders and other official acts to the public regulation commission or the transportation division of the public regulation commission related to motor carrier regulation and enforcement, railroad safety enforcement and ambulance standards shall be deemed references to the department of transportation.

C. Beginning July 1, 2024, all contractual obligations of the public regulation commission related to motor carrier regulation and enforcement, railroad safety enforcement and ambulance standards are binding on the department of transportation.

D. The rules, orders and decisions of the public regulation commission related to motor carrier regulation and enforcement, railroad safety enforcement and ambulance standards shall remain in effect until repealed or amended.