Incorporation and Operation by Purchaser of Railroad | Midpage

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South Carolina Code of Laws

Article 3

Incorporation and Operation by Purchaser of Railroad

58-17-310Purchaser of railroad shall reorganize and commence operation within sixty days; exceptions 58-17-320Penalties for failure to reorganize 58-17-330Reorganization provisions not applicable to certain sidetracks or spur tracks 58-17-340Formation of corporation following purchase of railroad by virtue of mortgage or deed of trust by filing certificate 58-17-350Maximum amount of capital stock which may be named in certificate; increase 58-17-360Persons signing certificate shall be body corporate; powers 58-17-370Powers, rights and the like of corporation organized under article 58-17-380Adoption of bylaws, rules and regulations by corporation 58-17-390Amount of capital stock corporation may issue 58-17-400Issuance and sale of bonds; execution of mortgage or deed of trust to secure payment of bonds 58-17-410Sinking fund 58-17-420Charter subject to amendment, alteration or repeal by State 58-17-430Certificate as evidence of incorporation