48:12-30 - Failure to timely commence or complete road; priority of location - New Jersey Statutes

48:12-30.  Failure to timely commence or complete road;  priority of location
    Any railroad company organized under the laws of this State which shall fail  to comply with the provisions of section 48:12-29 of this Title shall forfeit  thereby the franchises given to it by such laws.

    Where any company has failed to construct its road upon any part of the location shown by its filed survey within the time allowed by law and after the  expiration of such time any other railroad company duly files a survey of a  location crossing or occupying the same, the company last filing its location  shall have priority of right over such location.

     Amended by L.1962, c. 198, s. 107.