48:12-137 - State treasurer to repay deposit in certain cases - New Jersey Statutes

48:12-137.  State treasurer to repay deposit in certain cases    When any railroad company organized under the laws of this State shall, by agreement of lease, merger or consolidation, become possessed of a line of railroad between the termini named in its certificate of incorporation and cars  are actually being operated thereon, and shall file a certificate of that fact  with the State Treasurer over its corporate seal, signed by its president and  attested by its secretary and verified by the affidavit of its treasurer, the  State Treasurer shall repay to such company the sum of money deposited with the  State Treasurer as required by section 48:12-8 of this Title or so much thereof  as shall not have been already repaid.  In case the company has become merged  or consolidated, the sum shall be paid to the new or acquiring company formed  by the consolidation or merger.

     Amended by L.1962, c. 198, s. 147.