Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 184
Abandonment of part of route
Railroad (RRD) CHAPTER 49, ARTICLE 5
§ 184. Abandonment of part of route. Any street surface railroad
corporation may declare any portion of its route which it may deem no
longer necessary for the successful operation of its road and
convenience of the public to be relinquished or abandoned. Such
declaration of abandonment must be adopted by the board of directors of
the corporation under its seal, which shall be submitted to the
stockholders thereof at a meeting called and conducted in the same
manner as required by law for meetings of stockholders for the approval
of leases by railroad corporations for the use of their respective
roads. If the stockholders shall, at such meeting, ratify and adopt such
declaration of abandonment, the secretary of the company shall so
certify under the seal of the corporation, upon such declaration. Such
declaration shall then be submitted to the commissioner of
transportation for his approval, and if approved by the commissioner of
transportation, such approval shall be indorsed thereon or annexed
thereto and the declaration so certified and indorsed shall be filed in
the office of the department of state, and from the time of such filing,
such portion of the route designated in the declaration shall be deemed
to be abandoned.