In addition to the rights and powers conferred on railroad corporations by their charters and the laws of this state, the directors are authorized and empowered, by and with the consent or approval of a majority of the stockholders, to cause to be issued and executed, bonds or other evidences of indebtedness whenever deemed expedient and to secure the payment of the indebtedness by a mortgage or deed of trust or other encumbrance of all or any part of their charters, franchises, income, rights-of-way, materials, roadbeds, rails, railroads built and to be built, rolling stock, lands, and other corporate properties owned or afterward acquired.
Section: Previous 23-11-209 23-11-210 23-11-211 23-11-212 23-11-213 23-11-214 23-11-215 23-11-216 23-11-217 23-11-218 23-11-219 23-11-220 23-11-221 23-11-222 23-11-223 NextLast modified: November 15, 2016