388.490. Powers and duties of such corporation.
89 words·~1 min read·
/mo/chapter-388/388-490A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
388.490. Powers and duties of such corporation. — Such incorporation shall possess all the rights, privileges and powers given to any railroad corporation by the laws of this state, and in addition thereto, shall not be required to have any greater amount of stock than to the incorporators thereof may seem necessary; and provided further, that said corporation shall have power to create whatever amount of bonded indebtedness such corporation may deem necessary.
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(RSMo 1939 § 5260)
Prior revisions: 1929 § 4822; 1919 § 10011; 1909 § 3227