69-14-552. Authority to hold and transfer property. - Montana Statutes

     69-14-552. Authority to hold and transfer property. Every railroad corporation may:
     (1) receive, hold, take, and convey, by deed or otherwise, as a natural person, voluntary grants and donations of real estate and other property that may be made to the corporation to aid and encourage the construction, maintenance, and accommodation of the railroad;
     (2) purchase or by voluntary grants or donations receive, enter, take possession of, hold, and use all real estate and other property that may be absolutely necessary for the construction and maintenance of the railroad and for all stations, depots, and other purposes necessary to successfully work and conduct the business of the railroad;
     (3) purchase land, timber, stone, gravel, or other material to be used in the construction and maintenance of its road and all related projects necessary for the construction and maintenance of the railroad or acquire them in the manner provided in Title 70, chapter 30, for the condemnation of lands.

     History: En. Sec. 894, Civ. C. 1895; re-en. Sec. 4275, Rev. C. 1907; re-en. Sec. 6507, R.C.M. 1921; Cal. Civ. C. Sec. 465; re-en. Sec. 6507, R.C.M. 1935; R.C.M. 1947, 72-205(part); amd. Sec. 51, Ch. 125, L. 2001.