327D.53 - DIVISION OF JOINT RATES. - Iowa Statutes

327D.53 DIVISION OF JOINT RATES. Before the adoption of the rates, the department shall notify the railroad corporations interested in the schedule of joint rates fixed, and give them a reasonable time to agree upon a division of the charges provided. If the corporations fail to agree upon a division, and to notify the department of their agreement, the department shall, after a hearing conducted by the department of inspections and appeals, decide the rates, taking into consideration the value of terminal facilities and all the circumstances of the haul, and the division so determined by it is, in all controversies or actions between the railroad corporations interested, prima facie evidence of a just and reasonable division.          Section History: Early Form [C97, § 2156; C24, 27, 31, 35, 39, § 8080; C46, 50, 54, 58, 62, 66, 71, 73, 75, § 479.46; C77, 79, 81, § 327D.53; 81 Acts, ch 22, § 22]          Section History: Recent Form 89 Acts, ch 273, § 28