610 ILCS 45/ Railroad Lessees Act.

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610 ILCS 45/0.01

(610 ILCS 45/0.01) (from Ch. 114, par. 45.9)

Sec. 0.01.

Short title.

This Act may be cited as the
Railroad Bridge Act.

(Source: P.A. 86-1324.)

610 ILCS 45/1

(610 ILCS 45/1) (from Ch. 114, par. 46)

Sec. 1.

That all railroad companies incorporated or
organized or which may be incorporated or organized under the laws of this
state, or of this and any adjoining state (or of any adjoining state),
which now or at any time hereafter may be, in possession of or operating
connecting railroads in this state or states adjoining this state under
lease in perpetuity or for a period of not less than twenty years, shall
have power to purchase or sell the remaining interests, property and
franchises of the lessors of such railroads situated in this or in such
adjoining states, on such terms and conditions as may be agreed upon by the
parties or their assigns to such lease: Provided, that the railroad company
which purchases any railroad in this state shall operate such road and hold
such property and franchises subject to all the rights, privileges, duties
and obligations prescribed by the general railroad laws of this state
enacted or which shall hereafter be enacted for the regulation, government,
taxation or control of the railroads organized or which may be organized
under the laws of this state. And provided further, that this act shall not
be construed so as to permit such railroad company to purchase any parallel
or competing line of railroad.

(Source: Laws 1895, p. 293.)

610 ILCS 45/1.1

(610 ILCS 45/1.1) (from Ch. 114, par. 46.1)

Sec. 1.1.

This Act does not apply to railroads incorporated after July
1, 1985, or to railroads which are reincorporated under the Business
Corporation Act of 1983, as amended.

(Source: P.A. 84-796.)