All corporate powers and privileges of railroad companies shall be issued and granted by the Secretary of State upon the terms, liabilities, and restrictions expressed in and subject to all the provisions of this chapter and of the Constitution of Georgia. If by reason of interest in the proposed corporation the Secretary of State is disqualified, the duties required to be performed by the Secretary of State shall be performed by the Commissioner of Insurance.
(Ga. L. 1880-81, p. 156, § 1; Code 1882, § 1689a; Ga. L. 1882-83, p. 135, § 1; Civil Code 1895, § 2159; Civil Code 1910, § 2577; Code 1933, § 94-101; Ga. L. 1986, p. 855, § 26.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 18A Am. Jur. 2d, Corporations, §§ 150, 151, 214. 65 Am. Jur. 2d, Railroads, § 6.
21 Am. Jur. Pleading and Practice Forms, Railroads, § 242.
C.J.S.- 18 C.J.S., Corporations, § 37. 74 C.J.S., Railroads, § 27.
ALR.
- Grant of perpetual franchise to public service corporation, 2 A.L.R. 1105.