reglab/housing_qa huggingface dataset:
AR Code § 23-11-213 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-213. Board of directors — Members

 (a) The directors of every railroad corporation shall have the power to make bylaws, and the bylaws shall provide for a board of directors composed of not fewer than three (3) persons.  (b)  (1) Directors shall be chosen at the stockholders' meeting by ballot and by a majority of the votes of the stockholders being present in person or by proxy.  (2) Every stockholder who is present, in person or by proxy, at the election or at any subsequent election of directors shall be entitled to vote the number of shares of stock which he or she owns for as many persons as there are directors to be elected, or to cumulate his or her shares so as to give one (1) candidate as many votes as the number of directors multiplied by the number of shares of stock which he or she owns shall equal, or to distribute them on the same principle among as many candidates as he or she shall determine.    (c) The directors shall serve for terms of one (1) year and until their successors are elected and qualified.
AR Code § 23-11-214 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-214. Board of directors — Meetings

 (a) Except as may be otherwise provided by law or by the bylaws, a majority of the board shall constitute a quorum for the transaction of business.  (b) The board of directors shall hold one (1) regular annual meeting within or without the State of Arkansas on the date fixed by the bylaws.
AR Code § 23-11-215 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-215. Board of directors — Powers generally

 The management of the affairs of the corporation shall be vested in the board of directors, and, subject only to the limitations provided by law or by its articles, the board shall have full control over the affairs of the corporation and may authorize the exercise of all of its corporate powers.
AR Code § 23-11-216 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-216. Board of directors — Issuance of bonds, certificates of indebtedness — Security

 In addition to the rights and powers conferred on railroad corporations by their charters and the laws of this state, the directors are authorized and empowered, by and with the consent or approval of a majority of the stockholders, to cause to be issued and executed, bonds or other evidences of indebtedness whenever deemed expedient and to secure the payment of the indebtedness by a mortgage or deed of trust or other encumbrance of all or any part of their charters, franchises, income, rights-of-way, materials, roadbeds, rails, railroads built and to be built, rolling stock, lands, and other corporate properties owned or afterward acquired.
AR Code § 23-11-217 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-217. Dividends — Declaration and payment by board of directors

 (a)  (1) The board of directors are also empowered to declare and pay dividends to the stockholders.  (2) Dividends may be declared and paid by the board of directors, either in cash, in tangible or intangible choses in action or property, or in stock, subject to such restrictions as may be contained in the articles of incorporation or the laws of this state relative to sources of funds for payment of dividends by private corporations.    (b) Nothing contained in this section shall prevent the stockholders of any corporation, or the directors thereof, from setting apart, out of any of the funds of the corporation available for dividends, a reserve or reserves for any proper purpose or from abolishing any such reserve.  (c) A director shall be fully protected when relying in good faith upon the books of account of the corporation or statements prepared by any of its officials as to the value and amount of the assets, liability, net earnings, net profits, or any other facts pertinent to the existence and amount of surplus or other funds from which dividends may properly be declared and paid.
AR Code § 23-11-218 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-218. Officers and committees of board of directors

 (a) The board of directors shall select the officers of the corporation.  (b) There shall be:  (1) A president of the company, who shall be chosen by and from the directors;  (2) Such committees of the board of directors vested with such authority and powers as may be fixed by resolution of the board of directors or by the bylaws of the company; and  (3) Such subordinate officers of the company as may be designated by the bylaws and who may be elected or appointed as provided in the bylaws.
AR Code § 23-11-219 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-219. Subscription contracts for sale of stock

 Railroad corporations organized under the law of this state are authorized to enter into subscription contracts for the sale of their stock under such terms, conditions, and restrictions and subject to such liabilities relative thereto as are provided by law for such contracts by private corporations, except as such contracts may be restricted by the articles of incorporation or the Arkansas Department of Transportation.
AR Code § 23-11-220 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-220. Amendment of articles of incorporation

 (a) Amendments to the articles of incorporation of any railroad corporation incorporated under the law of this state shall be made only by the vote of a majority of the stockholders of the corporation.  (b)  (1) No amendment shall be voted upon unless and until notice of an intention to present the amendment to a meeting of the stockholders shall have first been served upon all stockholders of the corporation by mailing the notice through the United States mail directed to the stockholders at the address of record on the stock records of the corporation at least thirty (30) days prior to the date set for the meeting.  (2) The notice shall contain full information as to the proposed amendment.  (3) Waiver of notice of the meeting by all of the stockholders of the corporation and filed with the secretary of the corporation shall be deemed to be compliance with the requirements of this section for notice of the proposed amendment to the stockholders.    (c)  (1) No amendment of the articles of incorporation of a railroad corporation shall become effective unless and until the amendment has been first approved by the Arkansas Department of Transportation.  (2) The department shall establish rules governing the procedure for conducting hearings and making such determinations as it shall deem advisable for the purpose of approving amendments to the articles of incorporation and charter of railroad corporations incorporated in this state.    (d) A fee of five dollars ($5.00) shall be paid to the Secretary of State for filing each amendment.  (e) After the adoption of the amendment and the approval of the amendment by the department as provided by subsection (c) of this section, copies of the amendment, together with a certified copy of the order of the department approving the amendment, shall be filed in the office of the Secretary of State and in the office of the county clerk in each county in which the original articles are required to be filed by other provisions of this subchapter.  (f) It shall not be necessary to secure the approval of the department for a change of designation of resident agent of the corporation. Such a change may be made at any time by the board of directors by duly adopted resolution and the filing of copies of the change with the department, the Secretary of State, and the county clerk in each county in which the articles of incorporation are required to be filed by the provisions of this subchapter.
AR Code § 23-11-221 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-221. Dissolution or liquidation of railroad corporation

 (a) Railroad corporations organized under the laws of this state may be dissolved or liquidated, wholly or in part, after approval of the action by the Arkansas Department of Transportation in the manner provided by the law for dissolution or liquidation of business corporations organized under the laws of this state.  (b) Certified copies of the order of the department approving the dissolution or liquidation shall be filed in the office of the Secretary of State and in the office of the county clerk in each county where the articles of incorporation are required to be filed.
AR Code § 23-11-222 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-222. Corporations existing prior to June 11, 1959 — Application of subchapter — Extension of existence

 (a) This subchapter shall be applicable to all railroad corporations organized under the laws of this state, provided that each existing railroad corporation may, within two (2) years of June 11, 1959, file with the Arkansas Department of Transportation, the Secretary of State, and the county clerk of each county in which its articles of incorporation are then filed an amendment to its articles of incorporation adopted by not less than two-thirds (2/3) of its stockholders, at an annual or special meeting, setting forth the period of existence desired for the corporation.  (b) When the filings are completed, the corporation's existence shall be deemed extended according to the terms of the amendment. However, if any such corporation fails to file the amendment, then its charter shall expire at the time it would have expired had this subchapter not been adopted unless it is extended prior to the expiration in the manner provided by law for extension of railroad corporation charters.
AR Code § 23-11-223 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 2 - Railroad Incorporation Act of 1959|§ 23-11-223. Corporations existing prior to June 7, 1945 — Extension of charter

 (a) Upon the application of any railroad corporation chartered under the laws of this state prior to June 7, 1945, accompanied by a resolution of the board of directors of the railroad corporation, the Arkansas Department of Transportation is authorized to extend the charter of any such railroad corporation in accordance with the petition and the resolution of the board of directors of the railroad corporation, or on such terms as the department shall prescribe.  (b) If the petition is allowed, the department shall cause its approval to be endorsed upon the resolution presented with the petition, together with such restrictions as may be imposed by the department. The resolution shall be filed with the Secretary of State and certified in the same manner as prescribed by law with respect to the original articles of incorporation.
AR Code § 23-11-301 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 3 - Sale, Lease, or Consolidation|§ 23-11-301. Authority of railroad to sell or lease road or property

 Every railroad corporation incorporated under the laws of this state whose road is wholly or in part constructed and operating is authorized to sell, lease, or otherwise dispose of the whole, or any part, of its roadways, and rights-of-way, with the franchises thereto belonging, and its other property to any connecting railroad company or to any railroad corporation organized under the laws of this state, upon such terms and conditions as may be agreed upon by the board of directors of the corporation and ratified by a two-thirds (2/3) vote of the issued capital stock thereof, and is authorized to receive the bonds or stock of the purchasing corporation in whole or in part payment of the purchase.
AR Code § 23-11-302 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 3 - Sale, Lease, or Consolidation|§ 23-11-302. Authority to sell or lease road or property to connecting foreign railroad — Authority to acquire other railroads — Ratification

 (a) Subject to the approval thereof by the Arkansas Department of Transportation under such rules for procedure as it may establish and a determination that such action will be in the public interest, any railroad corporation in this state may sell or lease its road, property, and franchise to any other railroad corporation duly organized and existing under the laws of any other state or territory whose line of railroad shall so connect with the leased or purchased road by bridge, ferry, or otherwise as to practically form a continuous line of railroad.  (b) Any railroad corporation in this state may buy or lease or otherwise acquire any railroad with all the property, rights, privileges, and franchises thereto pertaining, or buy the stock and bonds, or guarantee the bonds of any railroad corporation incorporated or organized within or without this state whenever the roads of the companies form in the operation thereof a continuous line or lines.  (c) Before any such lease or sale is valid, it must be approved and ratified by persons holding or representing two-thirds (2/3) of the capital stock of each of the companies respectively, at a stockholders' meeting called for that purpose.
AR Code § 23-11-303 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 3 - Sale, Lease, or Consolidation|§ 23-11-303. Construction, purchase, or lease of railroad in adjoining state authorized

 Any railway company which may have built its road to the boundary line of the state may extend into the adjoining state and for that purpose may build, buy, or lease a railroad in the adjoining state and operate the railroad. The company may own such real estate and other property in the adjoining state as may be convenient in operating the road.
AR Code § 23-11-304 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 3 - Sale, Lease, or Consolidation|§ 23-11-304. Formation of connecting lines — Aid to construction of other railroad authorized

 Any railroad company heretofore incorporated or hereafter organized, in pursuance of law, may aid any other company at any time, by means of subscription to the capital stock of the other railroad company, or otherwise, in the construction of its railroad within or without the state for the purpose of forming a connection to the other road with the road owned by the company furnishing the aid.
AR Code § 23-11-305 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 3 - Sale, Lease, or Consolidation|§ 23-11-305. Consolidation when lines connect at state boundary line

 (a) Any railroad companies organized under the laws of this state whose roads connect at the boundary line of this state are authorized to consolidate and form one (1) company owning and controlling the consolidated line of road, with all the powers, rights, privileges, immunities, and franchises, and subject to all the obligations and liabilities, to the state or otherwise, which belonged to or rested upon either of the companies making the consolidation.  (b) In order to accomplish the consolidation, the companies interested may enter into a contract fixing the terms and conditions thereof.  (c)  (1) A certified copy of the articles of agreement with the corporate name assumed by the new company shall be filed with the Secretary of State, at which time the consolidation shall be considered duly consummated.  (2) A certified copy of the articles of agreement from the office of the Secretary of State shall be evidence of the consolidation.    (d) The boards of directors of the consolidating companies may then proceed to carry out the contract according to its provisions, calling in and cancelling all stock issued by the consolidating companies. The board of directors of the new company shall issue stock in the new company in lieu of the cancelled stock in accordance with the terms of consolidation.
AR Code § 23-11-306 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 3 - Sale, Lease, or Consolidation|§ 23-11-306. Consolidation of two or more railroad companies to effect continuous line

 (a) Any two (2) or more railroad companies in this state, existing under either general or special laws, owning railroads which are constructed wholly or in part and which, when completed and connected, will form one (1) continuous line of railroad continuing and running in the same general direction are authorized to consolidate their stock and make joint stock with any connecting railroad company whether connected within or without this state or whose roads shall connect at the boundary line of this state and form one (1) company owning and controlling the continuous line of road. The new company shall have all the powers, rights, privileges, franchises, and immunities, and be subject to all the obligations and liabilities to the state, or otherwise, which belonged to or rested upon either of the companies making the consolidation and shall be subject and liable to all the contracts theretofore entered into by either of the corporations.  (b) In order to accomplish such a consolidation, the companies interested may enter into a contract, fixing the terms and conditions, which shall first be ratified and approved by two-thirds (2/3) in interest of all the issued capital stock held in such companies or roads proposing to consolidate. The vote for consolidation shall be taken at a meeting of the stockholders regularly called for the purpose after giving sixty (60) days' notice of the meeting by advertisement in some daily or weekly newspaper printed and published in Little Rock, Arkansas, and such other newspapers elsewhere as the boards of directors of the companies may deem expedient.  (c) The boards of directors of the several companies may then proceed to carry out the contract according to its provisions, calling in the certificates of stock then outstanding in the several companies or roads and issuing certificates of stock in the new consolidated company under such corporate name as may have been adopted.  (d)  (1) The foregoing provisions of this section shall not be construed to authorize the consolidation of any railroad companies or roads except when, by such a consolidation, a continuous line of road is secured, running in the same continuous and general direction.  (2) Nothing contained in this section shall be so construed as to authorize or permit the sale, lease, or consolidation of parallel or competing lines of railroad to and with each other.
AR Code § 23-11-307 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 3 - Sale, Lease, or Consolidation|§ 23-11-307. Consolidation with foreign corporation

 (a) Any corporation formed under the laws of this state and chartered thereby may consolidate with any corporation of any adjoining state in the manner provided by law.  (b) The consolidated corporation shall become, be, and remain a corporation of this state and amenable to its laws and courts.  (c)  (1) No such consolidation shall be effected except between corporations, the union of whose roads will make a continuous line.  (2) Nor shall any consolidated company own, control, operate, lease, purchase, or consolidate with any parallel or competing line.
AR Code § 23-11-308 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 1 - Public Utilities And Carriers|Chapter 11 - Establishment and Organization of Railroads|Subchapter 3 - Sale, Lease, or Consolidation|§ 23-11-308. Bonds issued by leasing, purchasing, or consolidating corporation — Security for bonds

 (a) For the purpose of carrying out and executing any or all of the powers granted in §§ 23-11-301, 23-11-303 — 23-11-306, 23-11-309, and 23-11-315, bonds or other evidences of debt may be issued by any leasing, purchasing, or consolidating corporation, not inconsistent with the Arkansas Constitution.  (b) Mortgages or deeds of trust may be executed by the corporation on any or all of its real, personal, or mixed property and upon its roadbed, rights-of-way, cars, locomotives, and other rolling stock and equipment, its machinery, tools, implements, fuel, material, and income, either within or without this state, and on all other things or property held or to be acquired for the construction, operation, or repair of the railroad or for the repair or replacement of any other equipment or appurtenances as a part and parcel of the railroad and as constituting with the railroad one (1) property and a continuous railroad line in order to secure the payment of the bonds or other evidences of debt. Included in the property subject to the mortgages or deeds of trust shall be the franchise of acting as and being a corporation and all other franchises, rights, and privileges granted by this act or in any way appertaining to the corporations as aforesaid.