Texas Utilities Code 181.087 – Use of Another’s Telegraph Line
Current as of: 2024 | Check for updates
|
Other versions
(a) A telegraph corporation may:
(1) lease the telegraph line of another telegraph corporation;
(2) as the result of a lease or purchase, attach to its telegraph line the telegraph line of another telegraph corporation; or
(3) join with any other corporation or association to construct, lease, own, use, or maintain a telegraph line.
(b) An action under Subsection (a)(3) must be taken in accordance with an agreement made by the directors or managers of the telegraph corporations.
Terms Used In Texas Utilities Code 181.087
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC