reglab/housing_qa huggingface dataset:
IN Code § 8-4-21-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 21. Stockholder's Rights in Sale or Lease|8-4-21-2. Dissenting Shareholders; Arbitration of Claims

Sec. 2. A stockholder who, at such meeting, votes against such sale and then, within ten (10) days thereafter, signifies, in writing, to the purchasing company that the stockholder desires to dispose of the stockholder's stock in the selling company shall be entitled to receive from such purchasing company the average market value of the stockholder's stock for the six (6) months next preceding the day of the meeting of the selling company at which the sale is approved, on the surrender of the stockholder's stock. If the purchasing company and the stockholder can not agree as to the value of the stock, the parties may submit the question to arbitration, to be conducted in accordance with the provision of law regulating arbitration, so far as applicable, by three (3) disinterested persons, to be appointed upon the motion of either of the parties by the judge of the circuit court, superior court, or probate court of the county in which the owner of the stock resides, or in case the owner of the stock is nonresident of the state or of any county through or into which the road passes, then any county in which the road so sold passes.Formerly: Acts 1913, c.169, s.3. As amended by P.L.84-2016, SEC.39.
IN Code § 8-4-21-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 21. Stockholder's Rights in Sale or Lease|8-4-21-3. Dissenting Shareholders; Arbitration of Claims; Deposit of Award With Court

Sec. 3. If such stockholder refuses for a period of ten (10) days after request therefor to submit the question to arbitration, then, upon the application of a director of either the purchasing or selling company, the proper judge shall appoint the arbitrators, who shall proceed and ascertain the value of the stock as if the question had been submitted by consent of both parties. If the party owning the stock refuses to receive the amount awarded, the company may deposit it with the clerk of the circuit court of the county in which the arbitration is held, which deposit shall operate as if payment was made to the owner of the stock. If the owner of the stock shall accept the award of the arbitrators, he shall surrender his stock certificates.Formerly: Acts 1913, c.169, s.4.
IN Code § 8-4-21-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 21. Stockholder's Rights in Sale or Lease|8-4-21-4. Notice of Intention to Arbitrate

Sec. 4. In all cases of arbitration under sections 2 and 3 of this chapter, the party desiring such arbitration shall give the opposite party at least ten (10) days notice of his intention to apply to the judge for the appointment of arbitrators, which notice shall be served in the manner provided for the service of a summons, and must specify the time and place of hearing of the application. In cases of nonresidents, the notice shall be by publication for three (3) consecutive weeks in some newspaper printed in the county where the application is made.Formerly: Acts 1913, c.169, s.5. As amended by P.L.62-1984, SEC.73.
IN Code § 8-4-21-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 21. Stockholder's Rights in Sale or Lease|8-4-21-5. Approval by Department

Sec. 5. A purchase or lease made under this chapter is not valid until it is approved by the Indiana department of transportation.Formerly: Acts 1913, c.169, s.6. As amended by P.L.384-1987(ss), SEC.48; P.L.18-1990, SEC.56.
IN Code § 8-4-22-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 22. Stockholder Approval of Lease or Purchase|8-4-22-1. Approval of Lease or Purchase Required

Sec. 1. Any railroad company organized under the laws of Indiana, or created by consolidation of a company or companies organized under the laws of Indiana, and a company or companies organized under the laws of another state or states may lease or purchase, in whole or in part, the connecting or continuous and noncompeting line of any railroad in any other state, together with all its rights, powers, privileges, franchises, and immunities. However, a sale or lease may not be made under this chapter without the approval of:(1) the stockholders owning not less than two-thirds (2/3) of the outstanding capital stock of each of the companies that are parties to such lease or sale; and(2) the Indiana department of transportation.Formerly: Acts 1921, c.126, s.1. As amended by P.L.384-1987(ss), SEC.49; P.L.18-1990, SEC.57.
IN Code § 8-4-24-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 24. Purchase and Sale of Defunct Railroads|8-4-24-1. Certificate of Sale; Public Lease; Sale Notice

Sec. 1. (a) In case a majority in interest of the creditors of a railroad company and the majority in interest of the stockholders of such company agree upon a plan for the readjustment or capitalization of the debt and stock thereof, thereupon an agreement as aforesaid, either before or after a sale of such railroad under judicial proceedings, and a purchase at such sale by trustees on behalf of the parties to such agreement, all the franchises and powers, including the franchises to act as a corporation conferred by the charter of such railroad company, pass by such sale and vest in the trustees, together with the railroad and all the other property embraced in the sale. In case any railroad situate wholly or partly within Indiana, or any part thereof situate within Indiana, shall, in pursuance of such agreement, be sold by virtue of any mortgage or mortgages or deed or deeds of trust, either by foreclosure or other proceedings in law or equity, or pursuant to any power in such mortgage or mortgages or deed or deeds of trust contained, or by the joint exercise of those authorities, as provided in this section, the purchaser or purchasers of the same, or their survivor or survivors, or the associates of a purchaser or survivor, may form a corporation, by filing in the office of the secretary of state a certificate, under the signature of the purchasers, survivors, and associates specifying the name of such corporation, the number of directors, the names of the first directors and the period of their service (not exceeding one (1) year), the amount of the original capital, and the number of shares into which such capital is to be divided.(b) The persons signing the certificate, and their successors, shall be a body politic and corporate, by the name therein specified. A copy of such certificate, attested by the signature of the secretary of state or the secretary's deputy, shall, in all courts and places, be evidence of the due organization and existence of the corporation and of the facts in the certificate stated. No sale under this chapter shall be valid unless notice thereof, stating time and place of sale, shall have been published in some newspaper of general circulation in the city of New York, and also by publishing the notice in at least one (1) newspaper of general circulation published in each county in Indiana through which the railroad may run, not less than thirty (30) nor more than sixty (60) days, at the discretion of the court ordering the sale, immediately preceding the sale.Formerly: Acts 1861, c.78, s.1. As amended by P.L.62-1984, SEC.74; P.L.1-1989, SEC.17.
IN Code § 8-4-24-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 24. Purchase and Sale of Defunct Railroads|8-4-24-3. Reciprocity; Foreign Corporations

Sec. 3. In case the part situate within this state of any railroad, a part of which is situate in another state, shall become vested in a corporation of such other state, and such corporation shall also acquire a part situate in such other state of the said railroad, the said corporation may exercise and enjoy, within this state, for the purpose of the said railroad and its business, so far as it may be endowed by the laws of the state of its creation with capacity to do so, all the powers, rights, faculties, privileges, immunities, and franchises enumerated in section 2 of this chapter, and its mortgages or trust deeds shall operate as therein specified.Formerly: Acts 1861, c.78, s.3. As amended by P.L.62-1984, SEC.76.
IN Code § 8-4-24-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 24. Purchase and Sale of Defunct Railroads|8-4-24-4. Liens and Encumbrances

Sec. 4. Next in the order of lien to the existing mortgage debt of the old road shall stand the amounts due persons for labor performed, wood and other such materials furnished the old company in running the road, and damages for killing stock and right of way: Provided, That all the property of said company shall be liable for damages recovered against said company for stock killed or injured by them and exempt from mortgage liens.Formerly: Acts 1861, c.78, s.4.
IN Code § 8-4-24-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 24. Purchase and Sale of Defunct Railroads|8-4-24-5. Place of Sale

Sec. 5. So much of any railroad as lies in this state and is embraced in the mortgage or mortgages sought to be foreclosed may be sold at such sale as an entirety; and the court making a decree or order of sale may declare, in the order, where the principal office of the railroad company is situate within the state, and may order the sale to be made at the court-house door of the county in which the principal office within the state is situate.Formerly: Acts 1861, c.78, s.5.
IN Code § 8-4-24-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 24. Purchase and Sale of Defunct Railroads|8-4-24-6. Surrender or Assignment of Stock; Acquisition of Stock in Reorganized Company

Sec. 6. In case of the sale of a railroad, or any part thereof, as in section 1 of this chapter mentioned, full power is hereby given to the corporate authorities of the several counties, cities, townships, and other municipal corporations holding stock in the company by which such railroad was owned, and to all persons holding such stock in a fiduciary capacity, to surrender or assign such stock, and to accept and receive such new stock in any corporation which, after such sale, may become the owners of said railroad or any part thereof, as may be apportioned or given in respect to the said first mentioned stock under any reorganization of the ownership of the said railroad.Formerly: Acts 1861, c.78, s.6. As amended by P.L.62-1984, SEC.77.
IN Code § 8-4-24-7 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 24. Purchase and Sale of Defunct Railroads|8-4-24-7. Settlement of Former Account

Sec. 7. No purchaser or purchasers of any railroad shall be entitled to any rights or benefits under this chapter until such purchaser or purchasers shall first assume and pay, in money or first class or satisfactory securities, to be issued by the new corporation formed upon the sale or transfer of any railroad as provided in this chapter for, as the creditor or creditors may elect, all ticket balances and back charges for freight, with interest, whether due upon account, judgment of a court of record, bond, note, or other instrument in writing, which the former railroad corporation may have owned or been in arrears for, to any connecting railroad company, operating a railroad entirely or in part in this state.Formerly: Acts 1861, c.78, s.7. As amended by P.L.62-1984, SEC.78; P.L.136-2018, SEC.95.
IN Code § 8-4-24-8 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 24. Purchase and Sale of Defunct Railroads|8-4-24-8. Amendment or Repeal of Chapter

Sec. 8. This chapter may be amended or repealed at the discretion of the legislature.Formerly: Acts 1861, c.78, s.8. As amended by P.L.62-1984, SEC.79.
IN Code § 8-4-25-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 25. Underwriting Bonds of Foreign Railroads|8-4-25-1. Authority to Underwrite

Sec. 1. The board of directors of any railway company organized under and pursuant to the laws of the state of Indiana whose line of railway extends across the state in either direction, may, upon the petition of the holders of a majority of the stock of such railway company, direct the execution by such railway company of an indorsement guaranteeing the payment of the principal and interest of the bonds of any railway company organized under or pursuant to the laws of any adjoining state the construction of whose line or lines of railway would be beneficial to the business or traffic of the railway so indorsing or guaranteeing such bonds.Formerly: Acts 1883, c.127, s.1.
IN Code § 8-4-25-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 25. Underwriting Bonds of Foreign Railroads|8-4-25-2. Petition

Sec. 2. The petition of the stockholders specified in section 1 of this chapter shall state the facts relied on to show the benefits accruing to the company indorsing or guaranteeing the bonds above mentioned.Formerly: Acts 1883, c.127, s.2. As amended by P.L.62-1984, SEC.80.
IN Code § 8-4-25-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 25. Underwriting Bonds of Foreign Railroads|8-4-25-3. Limitation on Amount

Sec. 3. No railway company shall, under the provisions of this chapter, indorse or guarantee the bonds of any such railway company or companies as is above mentioned to an amount exceeding one-half (1/2) of the par value of the stock of the railway company so indorsing or guaranteeing as authorized under this chapter.Formerly: Acts 1883, c.127, s.3. As amended by P.L.62-1984, SEC.81.
IN Code § 8-4-26-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 26. Settlement of Railroad Mortgages|8-4-26-1. Notice; Procedure

Sec. 1. If any railroad company has heretofore executed, or may hereafter execute, any mortgage upon the whole or any portion of their road, it shall be lawful for such company, with the consent of persons owning a majority of the capital stock of such company, to settle and compromise with such mortgagees, and release and convey to such mortgagees or creditors for whose benefit such mortgage is or may be held such part of the road mortgaged, and upon such terms as may be agreed upon; and thereafter such vendees, by such name as they may assume, shall possess, own, and enjoy all the rights, privileges and immunities of said company over the part of the road so conveyed; and no act or omission of the company making the conveyance shall work a forfeiture of their franchises over that part of the road so conveyed. And such vendees, by the name by them assumed, shall be a body corporate and politic, with the rights, privileges, franchises and immunities as aforesaid, and may issue stock not exceeding twenty thousand dollars ($20,000) per mile, and sell the same, and issue certificates therefor, which shall be assignable upon such terms as they may prescribe; and if from any cause there shall be any failure of the title to any right of way, or when the title thereto has not been acquired, upon which any railroad of this state is now constructed, it shall be lawful for the company owning the road, or for the party owning such lands upon which any part of the road is constructed, to apply to the proper court for the writ of assessment or damages, and have the damages which the owner of said property has sustained or may sustain by reason of the taking, use and occupancy thereof by the company for the construction and maintenance of said road; and upon assessment and payment by the company of the damages which may be assessed or awarded, the title to such property shall vest absolutely in the company for the purposes of said railroad; and the business of no road actually constructed shall be obstructed by reason of any such defect of title to any part of the property upon which it may be built, unless there shall be default in the payment of money awarded after the verdict shall have been rendered and judgment thereon; but every company, having actually constructed and having in operation said road shall be entitled to maintain the same and avail itself of the privilege of this section, whenever, from any cause, its right of way for the track occupied is not perfect and absolute: Provided, That no such compromise or conveyance shall be made until thirty (30) days' notice has been given of the intention so to do, by publication in some newspaper published in this state in the county in which the principal office of such company is kept.Formerly: Acts 1855, c.81, s.1.
IN Code § 8-4-27-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 27. Disposition of Foreclosed Foreign Railroad Property|8-4-27-1. Authority for Purchase

Sec. 1. Whenever any railroad, situated partly in this state and partly in an adjoining state, shall be owned by a corporation formed by the consolidation of a railroad corporation or corporations of this state with a railroad corporation or corporations of such adjoining state, and which consolidated corporation shall have its principal office and the greater part of its railroad in such other state, shall be sold under a decree or decrees of foreclosure or sale of any court of competent jurisdiction, any lines of such railroad situated in the state of Indiana may be purchased, together with the connecting lines or a connecting line in such adjoining state, by any corporation organized under the laws of such adjoining state, and authorized and empowered by the laws of such adjoining state to purchase, own, operate and maintain any railroad sold or transferred under such decree of foreclosure or sale.Formerly: Acts 1921, c.11, s.1.
IN Code § 8-4-27-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 27. Disposition of Foreclosed Foreign Railroad Property|8-4-27-2. Acquiring Corporation; Certificate of Articles of Incorporation; Filing; Powers and Duties

Sec. 2. In case the whole or any part of any railroad situate within this state (a part of which is situate in another state) shall become vested in a corporation of such other state, and such corporation shall also acquire a part of such railroad situate in such other state, the said corporation may exercise and enjoy, within this state, for the purposes of such railroad and its business, all the powers, rights, privileges, immunities, and franchises of a railroad corporation organized under the statutes of this state; provided, that such corporation shall have filed, in the office of the secretary of state of this state, a copy of its certificate of articles of incorporation, certified by the secretary of state of such other state; and provided, further, that the corporation which acquires any such railroad shall hold and operate the part thereof so acquired in this state, and shall exercise the powers, rights, privileges, immunities, and franchises hereby conferred, subject to all the rights, powers, privileges, duties, and obligations prescribed by the general laws of this state, for the regulation, government, taxation, or control of railroad companies organized under the laws of this state; and provided, further, that this chapter shall not be construed as authorizing any railroad company to purchase any parallel and competing line of railroad in this state.Formerly: Acts 1921, c.11, s.2. As amended by P.L.62-1984, SEC.82.
IN Code § 8-4-29-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 29. Awards Against Railroad Carriers|8-4-29-1. Complaint or Petition; Order of Department

Sec. 1. If, after hearing on a complaint or petition filed with the Indiana department of transportation, the department determines that a party complainant is entitled to an award of damages for the violation of the laws of this state prescribing the duties and powers of the department, the department shall make an order directing the carrier to pay to the complainant the sum to which the complainant is entitled, on or before a day named, and stating the sum. No order shall be made if the carrier has made reparation to the complainant for the injury alleged to have been done. In connection with damages or reparation sought for the assessment and collection by a railroad of unreasonable or otherwise improper charges for the transportation of property within Indiana, if the facts material to the question are set forth in written verified statements by the parties involved and the facts are not in controversy, the department, after investigation and in its discretion, may waive hearing and dispose of the case by order, as provided in this chapter.Formerly: Acts 1913, c.273, s.1; Acts 1955, c.176, s.1. As amended by P.L.384-1987(ss), SEC.50; P.L.18-1990, SEC.58.
IN Code § 8-4-29-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 29. Awards Against Railroad Carriers|8-4-29-2. Action Against Carrier

Sec. 2. If a carrier does not comply with an order for the payment of money within the time limit in an order, the complainant (or a person for whose benefit the order was made) may file, in the circuit or superior court of a county into or through which the road of the carrier runs, a complaint setting forth briefly the causes for which the complainant claims damages and the order of the Indiana department of transportation in the premises. Such suit shall proceed in all respects like other civil suits for damages, except that, on the trial of the suit, the findings and order of the department shall be prima facie evidence of the facts therein stated, and the complainant, if the complainant prevails, shall be allowed a reasonable attorney's fee, collected as a part of the cost of the suit. No proof of the findings and order of the department shall be required unless the allegations in the complaint concerning the same are specially denied by a pleading under oath.Formerly: Acts 1913, c.273, s.2. As amended by P.L.384-1987(ss), SEC.51; P.L.18-1990, SEC.59.
IN Code § 8-4-29-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 4. Organization and Operation of Railroads|Chapter 29. Awards Against Railroad Carriers|8-4-29-3. Limitation of Actions

Sec. 3. All complaints for the recovery of damages shall be filed with the Indiana department of transportation within two (2) years from the time the cause of action accrues. A complaint for the enforcement of an order for the payment of money shall be filed in court within one (1) year from the date of the order.Formerly: Acts 1913, c.273, s.3. As amended by P.L.384-1987(ss), SEC.52; P.L.18-1990, SEC.60.