There is a newer version
of
this Section
2019 Idaho Code
Title 62 - RAILROADS AND OTHER PUBLIC UTILITIES
Chapter 1 - RAILROAD CORPORATIONS — GENERAL PROVISIONS AND POWERS
Section 62-103 - BONDS — SINKING FUND — CONVERSION INTO STOCK.
Universal Citation: ID Code § 62-103 (2019)
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.
History:
[(62-103) R.S., sec. 2665; reen. R.C. & C.L., sec. 2795; C.S., sec. 4795; I.C.A., sec. 60-103.]
Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
