North Carolina Statutes

Chapter 124 Internal Improvements

Article 1 - General Provisions.

Article 2 - State-Owned Railroad Company.

  • § 124-11   Definition
    As used in this Chapter, the term "State‑Owned Railroad Company" shall mean a railroad company in which the State owns all of the voting stock....
  • § 124-12   Powers of a State-owned railroad company
    A State‑owned railroad company shall have, in addition to the powers of any railroad corporation, the power to: (1) Lease, license, or improve property. A...
  • § 124-13   Effect on State-owned railroad company charter
    Nothing in this Chapter repeals or modifies any State‑owned railroad company charter or limits the rights of the shareholders of the company as provided in...