Missouri Laws 388.440 – Right of trustees to change roadbed or roadline and to acquire right-of-way
Terms Used In Missouri Laws 388.440
- 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.
Trustees or receivers of railroad companies and corporations and their estates appointed by any court whatsoever, owning, holding, operating, controlling or managing any such corporation or company or its estate shall have the right and power at any time to change the roadbed or roadline of the corporation or company or estate for which they were appointed trustees or receivers and which they are owning, holding, operating, controlling or managing, or any part of such roadbed or roadline, for the purpose of shortening the line or to overcome natural objections thereto or to secure economy in its construction or maintenance, and shall have the right and power to take and hold all necessary ground for right-of-way for such changes, and if the title thereof cannot be secured by agreement with the owners thereof, or if for any other cause the title cannot be secured, such trustees or receivers may proceed to condemn the same in the same manner and with the same effect as is now provided by law for the condemnation of lands by railroad corporations.