280.150 Ownership or interest in more than one bridge forbidden.

285 words·~1 min read·/ky/chapter-280/280-150

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)No consolidated corporation of the type mentioned in KRS 280.140 shall at the

same time own, possess, lease, control or operate more than one

(1)bridge crossing

any river forming a boundary line of this state. No person owning, possessing or

controlling any bridge crossing a river forming a boundary line of this state, and no

agent, officer or stockholder thereof, shall at the same time own, possess, lease or

control any bridge constructed by a consolidated corporation of the type mentioned

in KRS 280.140. No such consolidated corporation, and no agent, officer or

stockholder thereof, shall make or be a party to any contract, agreement,

combination or arrangement relating to tolls or fares on any bridge crossing a river

forming a boundary line of this state with any person owning, possessing,

controlling or operating any other such bridge, or with any agent, officer or

stockholder thereof. No stock in any such consolidated corporation shall be

subscribed for by, transferred to, or held, possessed or owned by any other

corporation owning, possessing, controlling or operating any other bridge crossing,

from any point in the same county, a river forming a boundary line of this state, or

by any agent, officer or stockholder of such a corporation. Each such consolidated

corporation, and its agents, officers and stockholders, are hereby made incapable of

and prohibited from holding, possessing or owning stock in any other corporation

owning, possessing, controlling or operating any bridge crossing, from any point in

the same county, a river forming a boundary line of this state.

(2)Every contract, agreement, combination or arrangement made, and every act done,

in violation of any provision of this section or of KRS 280.140, shall be void.