reglab/housing_qa huggingface dataset:
MA Gen L ch 160 § 50 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 50 - Validity

Section 50. All bonds or notes issued by a railroad corporation shall be valid and binding, although negotiated and sold by it or its agents at less than par.
MA Gen L ch 160 § 51 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 51 - Default on Mortgage; Contract to Allow Those in Possession to Operate

Section 51. If a railroad corporation, having executed a mortgage of its property, rights and privileges, or of a part thereof, to trustees for the benefit of its general creditors, or of a particular class of creditors, makes default in the performance of the condition of the mortgage, so that the trustees or their successors are entitled to the actual possession and usufruct of the property, rights and privileges therein conveyed, in trust for the purposes specified in the mortgage, the trustees, after entry, instead of retaining actual possession of the mortgaged premises and operating the railroad, may contract with the corporation or other competent party to take or retain for them the possession of the mortgaged premises, and to use and operate the same on its own responsibility, accounting with the trustees for the earnings and income, and paying over the profits and net income periodically, when and as far as necessary for the performance of the conditions of the mortgage, if a majority in interest of the bondholders or creditors under the mortgage shall so vote, in person or by proxy, at a meeting called therefor, notice of which shall be published ten days before said meeting in two or more daily newspapers published in Boston, and in at least one newspaper published in each county where the railroad is located. All liabilities incurred by the corporation or other party in operating the railroad under such contract shall be held as claims against and be paid out of the income, in the same manner and to the same extent as if the property had remained in the actual possession of the trustees and been operated by them.
MA Gen L ch 160 § 52 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 52 - Trustees in Possession of Railroad; Annual Meeting

Section 52. Trustees in possession of a railroad under a mortgage shall annually call a meeting of the bondholders or creditors for whose security they hold the railroad in trust, to be held in December, of which notice shall be given by publication, at least ten days before such meeting, in two or more daily newspapers in Boston, and in at least one newspaper in each county where the railroad is located; and at such meeting they shall submit a report for the year, similar to the annual report of railroad directors to stockholders. If they fail to call such a meeting, five or more bondholders or creditors, whose claims secured by the mortgage amount to not less than ten thousand dollars, may in the same manner call such meeting, to be held in the January following said December.
MA Gen L ch 160 § 53 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 53 - Trustees in Possession of Railroad; Election and Confirmation of Trustees

Section 53. At the annual meeting held under the preceding section, the bondholders or creditors, by a majority in interest vote, may, in person or by proxy, elect three trustees under the mortgage for the ensuing year, and until others are chosen and qualified. And the trustees or any of them or a bondholder or creditor may submit the proceedings of the meeting for confirmation to a justice of the supreme judicial court, in court or at chambers, first giving notice of their intention so to do to the former trustees under the mortgage, to the trustees of all other existing mortgages upon the railroad, and to the corporation, seven days at least before the hearing thereon; which notice may be served by an officer or disinterested person. The justice may hear the parties, ratify the election, and enter such decree as he may find necessary to transfer the property to the new trustees; which decree shall be filed in the office of such clerk of the court as the justice may direct.
MA Gen L ch 160 § 54 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 54 - Trustees in Possession of Railroad; Jurisdiction of Supreme Judicial Court

Section 54. The supreme judicial court shall have jurisdiction in equity of all cases arising under the two preceding sections, and of all questions arising out of railroad mortgages, and may summarily remove a trustee under a railroad mortgage, whether he is in possession of the railroad or not, and appoint a new trustee in his stead.
MA Gen L ch 160 § 55 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 55 - Purchaser Under Foreclosure

Section 55. A purchaser of a railroad at a sale under a valid foreclosure of a legal mortgage thereof, and his successors in title, shall, relative to the construction, maintenance and operation of said railroad, be subject to all the duties, liabilities and restrictions, and have all the powers and rights, which the mortgagor was subject to and had at the time of said sale.
MA Gen L ch 160 § 56 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 56 - Necessity of Payment of Par for Shares; Limit Upon Capital Stock

Section 56. A railroad corporation shall not declare any stock or scrip dividend or divide the proceeds of the sale of stock or scrip among its stockholders; nor shall any such corporation issue any share of stock to any person unless the par value of the shares so issued is first paid in cash to its treasurer; nor shall it without authority of the general court increase its capital stock beyond the maximum amount fixed by its act of incorporation, or fixed under sections forty-one, forty-seven and forty-eight.
MA Gen L ch 160 § 57 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 57 - Liability for Issuing Void Stock

Section 57. A certificate of stock or scrip issued in violation of the preceding section shall be void; and each director of the corporation issuing it shall be liable to a penalty of one thousand dollars, to be recovered by indictment in the county where he resides, or, if he resides in no county, in the county where he is commorant, or the offence was committed; but if any such director proves, that, before such issue, he filed his written dissent thereto with the clerk, and at no time voted therefor, he shall not be so liable.
MA Gen L ch 160 § 58 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 58 - Use of Each Other's Railroad

Section 58. If a railroad constructed after April eighth, eighteen hundred and seventy-two, meets another railroad which terminates in the same city or town, or lawfully crosses another railroad at the same level therewith, the corporation by which either of said railroads is owned may enter its railroad upon, unite the same with and use the railroad of the other; if a railroad constructed after said date meets another railroad which passes through the same city or town, the corporation by which either of said railroads is owned may, with the written consent of the department and upon such terms as the department upon hearing prescribes, enter its railroad upon, unite the same with and use the railroad of the other; and if a railroad corporation whose railroad was constructed prior to said date is specially authorized to enter its railroad upon, unite the same with and use the railroad of another corporation, each of such corporations may enter upon, unite its railroad with and use the railroad of the other; but no locomotive engine or other motive power not owned and controlled by the corporation owning or lawfully operating the railroad shall be allowed to run upon a railroad except with the consent of such corporation.
MA Gen L ch 160 § 59 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 59 - Service Provided to Other Railroad; Compensation

Section 59. If two corporations are authorized as in the preceding section each to enter its railroad upon, unite the same with and use the railroad of the other, each of them shall at reasonable times and for a reasonable compensation draw over its railroad the passengers, merchandise and cars of the other, and each of them shall for a reasonable compensation provide upon its railroad convenient and suitable station accommodations for the passengers and merchandise of the other corporation passing to and over it, and shall receive and deliver the same in the manner in which it receives and delivers its own passengers and freight.
MA Gen L ch 160 § 60 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 60 - Rates for Services for Connecting Company

Section 60. If the corporations cannot agree upon the stated periods at which the cars of one shall be drawn over the railroad of the other, and upon the compensation to be paid therefor, or upon the terms and conditions upon which accommodations shall be furnished for the passengers and merchandise of the other, or if two corporations operating railroads of different gauges cannot agree as to the requisite terminal accommodations, or as to the manner in which freight and passengers shall be transferred from one railroad to the other and forwarded, the department, upon the petition of either party and after notice to the other, shall hear the parties, and determine, having reference to the convenience and interest of the corporations and of the public to be accommodated thereby, the stated periods for drawing cars, the compensation therefor, the terms and conditions for passengers and merchandise, or the requisite terminal accommodations and manner of transferring passengers and freight as aforesaid; and, upon the application of either party, shall determine all questions between the parties relative to the transportation of freight and passengers and other business upon and connected with said railroads in which they are jointly interested and the manner in which the business shall be done, and shall apportion to the corporations their respective shares of the expenses, receipts and income of the same; and the award of the department shall be binding upon the respective corporations for one year and thereafter until the department revises the same; and the compensation of the department for services and expenses under this section shall be paid by the respective corporations in such proportions as the department shall determine and set forth in its award. Upon the written request of a party affected thereby, filed with the department within thirty days after the rendering thereof, the award shall be filed in the supreme judicial court which shall have jurisdiction to revise it as if it had been made by a commission appointed by said court.
MA Gen L ch 160 § 61 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 61 - Foreign Railroads' Privilege as Connecting Road

Section 61. A railroad corporation created by the laws of another state shall have all the rights and privileges relative to connecting railroads, under the three preceding sections, of a corporation created by the laws of this commonwealth.
MA Gen L ch 160 § 62 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 62 - Lease by One Connecting Railroad to the Other

Section 62. Two railroad corporations, incorporated under the laws of the commonwealth, and whose railroads enter upon or connect with each other, may contract that either corporation shall perform all the transportation upon and over the railroad of the other; and any such corporation may lease its railroad to any other such corporation; but the facilities for travel and business on either of the railroads of said corporations shall not thereby be diminished. Such leases shall be upon such terms as the directors agree, and as a majority in interest of the stockholders of both corporations at meetings called therefor approve, subject to section fifty-four of chapter one hundred and fifty-nine. The income arising from such contracts or leases shall be subject to the provisions of law relative to the right of the commonwealth to purchase the railroads of the railroad corporations or to reduce their tolls, in the same manner as that arising from the use of the railroads. Copies of such contracts or leases shall be deposited with the department, and full statements of the facts shall be set forth in the next annual return of such corporations. This section shall not authorize a lease or contract between two railroad corporations, each of which has a terminus in Boston. The railroads of two railroad corporations shall be considered to enter upon or connect with each other, within the meaning of this section, if one of such railroads enters upon, connects with, or intersects a railroad leased to the other or operated by it under a contract as herein authorized.
MA Gen L ch 160 § 63 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 63 - Term of Lease

Section 63. A railroad corporation shall not lease or contract for the operation of its railroad for a period of more than ninety-nine years without the consent of the general court; but this section shall not render invalid a lease approved by the stockholders of a corporation before July first, eighteen hundred and eighty.
MA Gen L ch 160 § 64 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 64 - Taking Securities of Other Corporations

Section 64. A railroad corporation, unless authorized by the general court or by the six following sections, shall not directly or indirectly subscribe for, take or hold the stock or bonds of or guarantee the bonds or dividends of any other corporation; and the amount of the bonds of one or more other corporations subscribed for and held by a railroad corporation, or guaranteed by it conformably to special authority of the general court or the authority given in said sections, with the amount of its own bonds issued in conformity with sections forty-seven and forty-nine, shall not exceed at any time the amount authorized by said section forty-seven, computed as provided in section fifty-three of chapter one hundred and fifty-nine.
MA Gen L ch 160 § 65 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 65 - Telegraph Company Stock

Section 65. A railroad corporation may hold stock in a telegraph company, whose telegraph connects two or more places on the railroad, to an amount not exceeding two hundred dollars for each mile of railroad so connected.
MA Gen L ch 160 § 65a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 65a - Holding Stock in Railroad Car and Equipment Companies

Section 65A. A railroad corporation may hold stock in companies which manufacture, construct, sell, assign, lease, repair, equip, supply, maintain or deal in railroad cars and equipment to an amount not exceeding five per cent of its capital stock outstanding.
MA Gen L ch 160 § 65b (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 65b - Real Estate, Warehouse, Industrial Facility, and Industrial Development Companies Stock

Section 65B. A railroad corporation may hold stock in real estate, warehouse, industrial facility, and industrial development companies but in no event shall such holdings exceed, in the aggregate, ten per cent of the outstanding capital stock of such railroad corporation.
MA Gen L ch 160 § 66 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 66 - Guaranty of Steamship Company Bonds

Section 66. A railroad corporation may guarantee, to an amount not exceeding five per cent of its capital stock, the bonds of any corporation incorporated in the commonwealth for the purpose of carrying freight, passengers and mails between any port of this commonwealth and Europe; or, upon adequate security therefor, may issue its own bonds to the same amount, conformably to the provisions of sections forty-seven and forty-eight.
MA Gen L ch 160 § 67 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 67 - Associate in Formation of Grain Elevator Corporation

Section 67. A railroad corporation may become an associate under chapter one hundred and fifty-six in the formation of a corporation for the purpose of erecting and operating a grain elevator within the commonwealth, and may take stock in any elevator corporation so organized, and, at all meetings, and in all transactions of such elevator corporation, the president of the railroad corporation, or in his absence any officer appointed by its board of directors, may represent, act and vote in the name of such railroad corporation.
MA Gen L ch 160 § 68 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 68 - Acquisition, Retention, Sale or Guarantee of Other's Bonds or Notes

Section 68. A corporation owning a railroad connecting with another railroad, both of which are wholly constructed, or a corporation owning a railroad leasing, operating or controlling another railroad, may acquire, hold, sell and, upon such terms and to such an extent as may be authorized by a vote at a meeting called therefor, may guarantee the bonds or notes of such other railroad, whether such other railroad is located within or without this commonwealth; provided, that such bonds or notes are issued in conformity with law.
MA Gen L ch 160 § 69 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 69 - Powers of Railroad Corporations; Aid in Construction of Branch or Connecting Railroads

Section 69. A railroad corporation may aid in the construction of any branch or connecting railroad within the limits of the commonwealth, whether connecting by a railroad or steamboat line, by subscribing for shares of stock in such corporation, or by taking its notes or bonds secured by mortgage or otherwise, and may vote on all shares of stock so subscribed for and held; but a corporation shall not so subscribe to an amount in excess of two per cent of its paid-up capital stock, or mortgage its property to secure the loans or subscriptions made by any other corporation under this section, except by a vote of a majority in interest of the stockholders at a meeting called therefor.
MA Gen L ch 160 § 70 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 70 - Terminal, Express and Subsidiary Companies; Interest of Railroads in Stock and Securities

Section 70. A railroad corporation may acquire, hold, vote, sell and negotiate the stock and securities of terminal companies organized under the laws of the commonwealth, and of express companies operating in whole or in part on its lines, and may guarantee the bonds of such companies. Such a corporation may acquire, hold, vote, sell and negotiate stock in subsidiary corporations organized under the laws of the commonwealth to operate aircraft and/or motor vehicles not running on rails or tracks for the transportation of passengers and/or freight.
MA Gen L ch 160 § 70a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 70a - Steamship Companies, Ferries, Ferry Boats, Docks, Motor Vehicles and Aircraft

Section 70A. A railroad corporation may acquire, hold, maintain and operate steamship companies, ferries, ferry boats and docks, and either directly or through subsidiaries, may own, maintain and operate motor vehicles not running upon rails or tracks, and aircraft for the transportation of passengers and/or freight. A railroad corporation, or any subsidiary thereof, in maintaining and operating such vehicles, shall be subject to all provisions of chapter ninety and of chapter one hundred and fifty-nine B and to all other laws applicable to aircraft or motor vehicles and the operation thereof, and, in respect to the transportation of passengers, to chapter one hundred and fifty-nine A, but in respect to the transportation of freight shall not be subject to the provisions of chapter one hundred and fifty-nine.  The department may from time to time prescribe forms of accounting reports relating to the operations of motor vehicles for the transportation of passengers or freight by a railroad or subsidiary thereof and such reports shall be made in accordance with the forms prescribed.  Motor vehicles operated by a railroad corporation directly or through subsidiaries for the transportation of freight within the commonwealth shall be operated only in areas now served by such corporation; and the department shall have authority, after a hearing had upon its own motion or upon complaint, to determine specified areas in which or points between which such motor vehicles may be operated and by order to prescribe and limit the number of such vehicles that may be operated by a railroad in such areas or between such points and to regulate the operation of such motor vehicles.  This section shall not be construed to affect any right or privilege derived from the constitution or laws of the United States.
MA Gen L ch 160 § 71 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 160 - Railroads|Section 71 - Prohibition After 1907

Section 71. No corporation owning, leasing or operating a railroad wholly or partly in the commonwealth, nor any person or corporation acting in its interest shall, directly or indirectly, acquire, or attempt to acquire by purchase, exchange of shares, or in any other way, any shares of the capital stock of any domestic railroad company not lawfully leased, owned or operated by it prior to May first, nineteen hundred and seven, except under specific authority provided by law. No such domestic railroad company, or any officer, director, servant or agent thereof, shall permit or suffer the said corporation or any of its officers or agents to exercise any control whatsoever over the corporate acts of such domestic company, except as hereinafter provided.