0N-17-14 Consolidation of railroad lines--Forfeiture of charter for evasion of provisions.
Consolidation of railroad lines--Forfeiture of charter for evasion of provisions.
railroad corporation shall consolidate its stock, property or franchises with any other railroad
corporation owning a parallel or competing line; and in no case shall any consolidation take place
except upon public notice given out, at least sixty days to all stockholders, in such manner as
may be provided by law. Any attempt to evade the provisions of this section, by any railroad
corporation, by lease or otherwise, shall work a forfeiture of its charter.