South Dakota Codified Laws 49-33-11. Powers of corporation–Connection with other facilities–Use of facilities–Accessory facilities
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Every corporation organized under this chapter shall have power to cross, join, or unite its railroad with any street or other railroad now or hereafter constructed and to contract with such railroad for the transportation of its cars over its lines; to take and convey persons or property over its railroad by electrical or mechanical power, and to receive compensation therefor; and to erect and maintain all necessary and convenient buildings, station powerhouses, trolley poles, repair shops, carbarns, wires, fixtures, and machinery for the accommodation and use of its passengers, freight, and other business and the transmission of electric power.
Terms Used In South Dakota Codified Laws 49-33-11
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SDC 1939, § 52.1509 (6).