Proceedings of the ... Annual Meeting of the Arkansas State Bar ..., volume 5
Proceedings of the ... Annual Meeting of the Arkansas State Bar ..., volume 5
Arkansas State Bar Association
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Is it to be run without a charter? No one, perhaps, will be so bold as to claim this. Then if there must be a renewal or extension of the charter by the sovereign, to justify the further running of cars, on what terms shall it be granted ? Shall it be donated ? What legislature would dare to propose such a donation ? If the renewal or extension is to be granted for a consideration, how much shall be demanded ? The right to demand anything would seem to imply a right to demand all that can be ob...tained. When the Iron Mountain charter expires millions can be had for a renewal. Shall this be refused or accepted ? Some of us will live long enough to see these questions answered. Especially may we see them answered as to our street railways, some of whose charters are limited to twenty-five or thirty years. Since a railroad is a public highway, some have contended that the constructing or operating corporation is a public cor- poration, and that the agents and servants of the company are quasi public officers, but I can see no reason for putting a rail- road company on a different footing from any other private corporation.
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