Texas Vernon's Texas Civil Statutes - Article 6549. Terminal Railways
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Art. 6549. TERMINAL RAILWAYS. Terminal railways shall have
all the rights and powers conferred by law upon railroads by
Chapters 6 and 7 of this title, and when such railway is adjacent to
any inland navigable stream or water body, it shall have the right
and power to construct, erect, operate and maintain all necessary
and convenient facilities to accommodate and expeditiously handle
the exchange of freight and passenger traffic with all steamship
and other vessels and water craft using such waterways; and shall
have the right to issue bonds in excess of its authorized capital
stock under the direction of the Railroad Commission of Texas, in
accordance with the stock and bond law regulating the issuance of
stocks and bonds by railroads. Said commission shall fix the values
of the property, rights and franchises of such railway company; and
its stocks and bonds shall not exceed the amount authorized by said
Commission in which jurisdiction over the issuance of the bonds
herein authorized is hereby vested. No such terminal company shall
have the right to charge any railroad company, steamship, vessel or
water craft for terminal facilities a greater amount than may be
from time to time designated and established by said Commission,
which shall have authority to establish and prescribe such rates
and rules for the operation of all such terminal companies as will
prevent discrimination by them against any common carrier with
respect to either charge or service. The provisions of Articles
6452, 6453 and 6454, shall apply to any and all orders, rulings,
judgments and decrees of said Commission made, entered or held
under the provisions of this law in respect to such terminal railway
companies.
Acts 1897, p. 188; G.L. vol. 10, p. 1242; Acts 1905, p. 211; Acts
1907, p. 300; Acts 1917, p. 134.
Article: 6543 6544 6545 6546 6547 6548 6548a 6549 6550 6550a1 6550c 6550c-1 6550d 6551 6552
Last modified: August 10, 2007
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