Texas Vernon's Texas Civil Statutes - Article 6269. Sale Or Conveyance Under Special Law
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Art. 6269. [6415] [4359] SALE OR CONVEYANCE UNDER SPECIAL
LAW. Whenever a line of railway or any railway properties within
this State are by special law authorized to be sold and conveyed,
the persons contemplating the purchase thereof may be formed into a
corporation for the purpose of acquiring, owning, maintaining and
operating such railway by complying, as far as applicable with the
requirements of this chapter. In the formation of such
corporation, the requirements of Article 6261 and so much of
Article 6264 as relates to the affidavit may be dispensed with, and
words applicable to the case of a purchaser may be used and
substituted when necessary or proper, in the articles of
incorporation or elsewhere, in lieu of words applicable to the
building or construction of a railway. When such corporation has
been formed it shall have the power to purchase, acquire, own,
maintain and operate such railway and the properties pertaining
thereto, and all other rights, powers and privileges given by the
laws of this State to railway companies. Any proposed extension or
branch lines may be provided for and included in the original
articles of incorporation, or the same may, by amendment thereto at
any time thereafter, be projected and provided for by such company.
Acts 1891, p. 128; G.L. vol. 10, p. 130.
Article: 6262 6263 6264 6265 6266 6267 6268 6269 6270 6271 6272 6273 6274 6275 6276
Last modified: August 10, 2007
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