327G.66 - BOND FOR CONSTRUCTION. - Iowa Statutes

327G.66 BOND FOR CONSTRUCTION. When the total estimated cost has been ascertained by the department such person, firm, corporation, or association shall have the option to either deposit said amount with the railroad company or to file with such company its written election to build and construct such spur track accompanied by a good and sufficient surety company bond running to such railroad company and conditioned upon the construction of such spur track in a good and skillful manner according to plans and specifications furnished by such railroad company and approved by the department. If such person, firm, corporation, or association so elects to build such spur track it shall only be required to deposit with such railroad company the estimated cost of the necessary right of way for such spur track as ascertained by the department, and the total amount stated in such written election.          Section History: Early Form [C24, 27, 31, 35, 39, § 8173; C46, 50, 54, 58, 62, 66, 71, 73, 75, § 481.5; C77, 79, 81, § 327G.66] Referred to in § 327G.65, 327G.68