C.R.S. Section 40-20-102
Powers of corporation

(1)

Every such corporation, in addition to the powers conferred in articles 101 to 117 of title 7, C.R.S., has the power:

(a)

To lay out its road, not exceeding two hundred feet in width, and to construct the same; and for the purpose of cuttings and embankments to take as much more land as may be necessary for the proper construction and security of the railway; and to cut down any standing trees that may be in danger of falling or obstructing the railway, making proper compensation therefor;

(b)

To cross, intersect, or connect its railway with any other railway;

(c)

To connect at the state line with railroads of other states and territories;

(d)

To receive and convey persons and property on its railway;

(e)

To erect and maintain all buildings and stations, fixtures, and machinery necessary and convenient for the accommodation, and use of passengers, freights, and business interests or which may be necessary for the construction or operation of said railway;

(f)

To regulate the time and manner in which passengers and property shall be transported and the compensation to be paid therefor;

(g)

From time to time, to borrow such sums of money as may be necessary for completing, finishing, improving, or operating any such railway, and to issue and dispose of its bonds for any amount so borrowed, and to mortgage its corporate property and franchise to secure the payment of any debt contracted by such corporation for such purposes, in such manner as the shareholders representing a majority of the stock of any such corporation may direct;

(h)

Notwithstanding any provision of law to the contrary, to invest in any of the following if such investment is consistent with sound investment policy:

(I)

Any public-private initiative with the department of transportation, as defined in section 43-1-1201 (3), C.R.S.;

(II)

Bonds issued for turnpikes in accordance with part 2 of article 3 of title 43, C.R.S.;

(III)

Repealed.

(IV)

Any other public-private initiative program for transportation system projects in Colorado authorized by law.

Source: Section 40-20-102 — Powers of corporation, (accessed Dec. 24, 2024).

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Current through Fall 2024

§ 40-20-102’s source at