62-105 PURCHASE, SALE AND GUARANTY OF SECURITIES. - Idaho Statutes

TITLE 62

RAILROADS AND OTHER PUBLIC UTILITIES

CHAPTER 1

RAILROAD CORPORATIONS -- GENERAL PROVISIONS AND POWERS

62-105. Purchase, sale and guaranty of securities. Any railroad corporation, whether chartered by, or organized under, the laws of this state or of the territory of Idaho, or of the United States, or of any other state or territory, may take, purchase, hold, sell and dispose of, or guarantee the payment of, the bonds and securities of any other railroad corporation whose line of railroad is continuous of, or by lease, traffic contract, or otherwise connected with, its own line.