2005 Idaho Code - 62-103 — BONDS -- SINKING FUND -- CONVERSION INTO STOCK

                                  TITLE  62
                             RAILROADS AND OTHER
                               PUBLIC UTILITIES
                                  CHAPTER 1
                           RAILROAD CORPORATIONS --
                        GENERAL PROVISIONS AND POWERS
    62-103.  BONDS -- SINKING FUND -- CONVERSION INTO STOCK. The directors
must provide a sinking fund, to be specially applied to the redemption of such
bonds on or before their maturity, and may also confer on any holder of any
bond or note issued, for money borrowed or in payment of any debt or contract
for the construction and equipment of such road, the right to convert the
principal due or owing thereon into stock of such corporation, at any time
within eight (8) years from the date of such bonds, under such regulations as
the directors may adopt.