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December 21, 2024 Clear | 20°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 161 STREET RAILWAYS
  5. Section 41 Real and personal estate; stock or bonds of other street railways

Section 41

Section 41: Real and personal estate; stock or bonds of other street railways

Section 41. A company may purchase and hold real and personal estate necessary or convenient for the operation of its railway; but it shall not, except as provided in section sixty-four, directly or indirectly, subscribe for, take or hold stock or bonds of any such company organized under general laws unless specially so authorized by the general court.