(a) Upon the application of any railroad corporation chartered under the laws of this state prior to June 7, 1945, accompanied by a resolution of the board of directors of the railroad corporation, the Arkansas State Highway and Transportation Department is authorized to extend the charter of any such railroad corporation in accordance with the petition and the resolution of the board of directors of the railroad corporation, or on such terms as the department shall prescribe.
(b) If the petition is allowed, the department shall cause its approval to be endorsed upon the resolution presented with the petition, together with such restrictions as may be imposed by the department. The resolution shall be filed with the Secretary of State and certified in the same manner as prescribed by law with respect to the original articles of incorporation.
Section: Previous 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 23-11-223Last modified: November 15, 2016