Section IX-9

[Previous] [Next] [Up] [Top]

Section IX-9: Sales and leases - Additional restrictions on consolidation.

  Upon the consent of the Corporation Commission in writing first
had and obtained, any foreign or domestic railroad transportation
or transmission company or corporation may lease, sell, or
otherwise dispose of its property and franchises to, or may
lease, buy, or otherwise acquire and operate the property and
franchises of any like Company or Corporation; provided, that the
Legislature may impose additional limitations or restrictions
upon the rights of any railroad company or transmission company
to consolidate.  


[Previous] [Next] [Up] [Top]
Disclaimer: This Constitution may not be the most recent version. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information on this site. The official state website may have more current and complete information.