The Railroad Problem Comments On Certain Methods Suggested for Solving It
The Railroad Problem Comments On Certain Methods Suggested for Solving It
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This is no mere imaginary danger. A bill was 41 COMMENTS ON THE RAILROAD PROBLEM introduced (but I do not know whether it was enacted) in one of the state legislatures, providing for the forfeiture of the charter of any railroad corporation of that state that obeyed orders of the Interstate Commerce Commission in conflict with orders of the state railroad commission; and there are scores and even hundreds of instances where state commissions have coerced railroad companies into making interstat...e rates in accordance with the wishes of the state commissions.
Difficulties Involved in Leases and Consolidations What is true with respect to the issue of securi- ties is equally applicable to the consolidation, lease, sale or other combination of railroads.
The power is a corporate power, and no corporation can consolidate with another or sell or lease or other- wise dispose of its railroad or any part thereof unless expressly authorized by the laws of the state that created it.
Violation of this restraint subjects it to forfeiture of its charter, if not other penalties.
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You can find similar books in the "Read Also" column, or choose other free books by Robert Govett to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This is no mere imaginary danger. A bill was 41 COMMENTS ON THE RAILROAD PROBLEM introduced (but I do not know whether it was enacted) in one of the state legislatures, providing for the forfeiture of the charter of any railroad corporation of that state that obeyed orders of the Interstate Commerce Commission in conflict with orders of the state railroad commission; and there are scores and even hundreds of instances where state commissions have coerced railroad companies into making interstat...e rates in accordance with the wishes of the state commissions.
Difficulties Involved in Leases and Consolidations What is true with respect to the issue of securi- ties is equally applicable to the consolidation, lease, sale or other combination of railroads.
The power is a corporate power, and no corporation can consolidate with another or sell or lease or other- wise dispose of its railroad or any part thereof unless expressly authorized by the laws of the state that created it.
Violation of this restraint subjects it to forfeiture of its charter, if not other penalties.
What to read after The Railroad Problem Comments On Certain Methods Suggested for Solving It?
You can find similar books in the "Read Also" column, or choose other free books by Robert Govett to read onlineMoreLess
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