Section 28: Narrow gauge railroads; paid-up capital stock
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/ma/part-i/title-xxii/chapter-160/28·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 28. A corporation which has a railroad of the gauge of three feet shall not begin running its trains, until its paid-up capital stock is equal to one half of its cost, including equipment.