Code · Louisiana · Title 45 — Public Utilities and Carriers

RS 45:614

58 words·~1 min read·/la/title-45/45-285

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

RS 45:614

§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.