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2018 Louisiana Laws
Revised Statutes
TITLE 45 - Public Utilities and Carriers
RS 45:614 - Sale, pledge or hypothecation of bonds, stock, earnings, etc., power to make
Universal Citation: LA Rev Stat § 45:614 (2018)
§614. Sale, pledge or hypothecation of bonds, stock, earnings, etc., power to make
Any railway corporation in Louisiana may sell, pledge or hypothecate, for railroad purposes, its bonds, stock, earnings, revenues, income rights, and credits, to any person or other railway corporation unless the railroad lines of the contracting railway corporations are parallel and competing lines.
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