Texas Vernon's Texas Civil Statutes - Article 6545. Street And Suburban Railways
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Art. 6545. STREET AND SUBURBAN RAILWAYS. All street and
suburban railways engaged in the transportation of freight within
and near cities and towns, shall be subject to the control of the
Railroad Commission. No street railway company shall be exempt
from payment of assessments that may be legally levied or charged
against it for street improvements. Any corporation heretofore or
hereafter organized under the general laws of this State, and which
owns or operates with electric power any street or suburban railway
or belt line of railways within and near cities and towns for the
transportation of freight and passengers within Texas shall be
authorized to supply and sell electric light and power to the public
or municipalities, and to acquire or otherwise provide the
necessary appliances therefore [therefor], and may, by proceeding
in the manner provided by law, amend its articles of incorporation
so as to expressly include such authority. When the Railroad
Commission shall decide that any corporation created under chapter
one of this title for the purpose of operating a local suburban
railway not exceeding ten miles from the corporate limits of any
city or town in addition to such mileage as it may have within the
same, is not for any reason subject to the control of said
Commission in reference to the issuance of stocks and bonds or
either under the provisions of Chapter 50, Acts 1893, after such
decision of the Commission, said corporation shall have the right
to issue its stocks and bonds or either and also to increase its
stocks and bonds or either without the control of the Commission and
without complying with the Act aforesaid in reference thereto, and
when so issued said stocks and bonds shall in all respects be valid
and binding.
Acts 1897, p. 189; Acts 1903, pp. 29, 62; G.L. vol. 10, p. 1243.
Article: 6540 6541 6541a 6541b 6542 6543 6544 6545 6546 6547 6548 6548a 6549 6550 6550a1
Last modified: August 10, 2007
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