351.030. Organization of street railroad, telegraph and telephone corporations, booming and rafting corporations.

177 words·~1 min read·/mo/chapter-351/351-030

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

351.030. Organization of street railroad, telegraph and telephone corporations, booming and rafting corporations. — 1. Any street railroad corporation, telegraph and telephone corporation, and booming and rafting corporation may be organized under the provisions of this chapter; provided, that any such corporation complies with all of the requirements of the applicable laws specially providing for the incorporation of street railroads, telegraph and telephone corporations, or booming and rafting corporations.

Any railroad corporation or union station hereafter incorporated under the provisions of chapter 388 may add to its articles of association such statements as may be necessary to authorize any such corporation to issue shares without par value.

2. Any corporation here incorporated under the laws of this state, other than under the provisions of this chapter, will be subject to such of the provisions of this chapter as is provided in subdivisions

(1)and

(3)of section 351.690 with respect to existing corporations of the same type.

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(L. 1943 p. 410 § 172)

CROSS REFERENCE:

Railroad corporations, general provisions relative to organization of, Chaps. 388, 389