Chapter 610 — RAILROADS

(610 ILCS 5/0.01) (from Ch. 114, par. 0.01) Sec. 0.01. Short title. This Act may be cited as the Railroad Incorporation Act. (Source: P.A. 86-1324.)

(610 ILCS 5/1) (from Ch. 114, par. 1) Sec. 1. Any number of persons, not less than 5, may become an incorporated company for the purpose of constructing and operating any railroad in this state, and all railroads or transportation companies authorized to be incorporated and trans…

(610 ILCS 5/1.1) (from Ch. 114, par. 1.1) 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.)

(610 ILCS 5/10) (from Ch. 114, par. 10) Sec. 10. Meetings; access to records. At the regular annual meeting of the stockholders of any corporation organized under the provisions of this act, it shall be the duty of the president and directors to exhibit a full, distinct and accur…

(610 ILCS 5/11) (from Ch. 114, par. 11) Sec. 11. In case it shall happen, at any time, that an election of directors shall not be made on the day designated by the by-laws of such corporation for that purpose, the corporation for such cause, shall not be dissolved, if within nine…

(610 ILCS 5/12) (from Ch. 114, par. 12) Sec. 12. There shall be a president of such corporation, who shall be chosen by and from the board of directors, and such other subordinate officers as such corporation, by its by-laws, may designate, who may be elected or appointed, and sh…

(610 ILCS 5/13) (from Ch. 114, par. 13) Sec. 13. The directors of such corporation may require the subscribers to the capital stock of such corporation to pay the amount by them respectively subscribed, in such manner and in such installments as they may deem proper. If any stock…

(610 ILCS 5/13a) (from Ch. 114, par. 13a) Sec. 13a. Any railroad corporation may, with the consent of the stockholders hereinafter stated, issue and sell, subject, however, to the provisions of the Illinois Securities Law and amendments thereto, under such restrictions and terms …

(610 ILCS 5/14) (from Ch. 114, par. 14) Sec. 14. The stock of such corporation shall be deemed personal estate and shall be transferable in the manner prescribed by the by-laws of such corporation. Where any such certificate of stock is signed by a transfer agent or a transfer cl…

(610 ILCS 5/15) (from Ch. 114, par. 15) Sec. 15. In case the capital stock of any such corporation shall be found insufficient for constructing and operating its road, such corporation may, with the concurrence of two-thirds in value of all its stock, increase its capital stock, …

(610 ILCS 5/15.5) (from Ch. 114, par. 16) Sec. 15.5. No person holding stock in any such corporation as executor, administrator, guardian or trustee, and no person holding such stock as collateral security, shall be personally subject to any liability as stockholders of such corp…

(610 ILCS 5/16) (from Ch. 114, par. 17) Sec. 16. Each stockholder of any corporation formed under the provisions of this act, shall be held individually liable to the creditors of such corporation to an amount not exceeding the amount unpaid on the stock held by him, for any and …

(610 ILCS 5/17) (from Ch. 114, par. 18) Sec. 17. If any such corporation shall be unable to agree with the owner for the purchase of any real estate required for the purposes of its incorporation, or the transaction of its business, or for its depots, station buildings, machine a…

(610 ILCS 5/17.5) Sec. 17.5. Eminent domain. Notwithstanding any other provision of this Act, any power granted under this Act to acquire property by condemnation or eminent domain is subject to, and shall be exercised in accordance with, the Eminent Domain Act. (Source: P.A. 94-…

(610 ILCS 5/18) (from Ch. 114, par. 19) Sec. 18. Any such corporation may, by their agents and employees, enter upon and take from any land adjacent to its road, earth, gravel, stone, or other materials, except fuel and wood, necessary for the construction of such railway, paying…

(610 ILCS 5/19) (from Ch. 114, par. 20) Sec. 19. Every corporation formed under this act shall, in addition to the powers hereinbefore conferred, have power: 1. To cause such examination and survey for its proposed railway to be made as may be necessary to the selection of the mo…

(610 ILCS 5/2) (from Ch. 114, par. 2) Sec. 2. Such persons shall organize by adopting and signing articles of incorporation, which shall be filed and recorded in the office of the Secretary of State and a copy thereof rendered in the office of the recorder of each county through …

(610 ILCS 5/20) (from Ch. 114, par. 21) Sec. 20. The rolling stock and all other movable property belonging to any such corporation, shall be considered personal property, and shall be liable to execution and sale, in the same manner as the personal property of individuals. (Sour…

(610 ILCS 5/21) (from Ch. 114, par. 22) Sec. 21. No such corporation shall issue any stock or bonds, except for money, labor or property actually received and applied to the purposes for which such corporation was organized. All stock dividends, and other fictitious increase of t…

(610 ILCS 5/22) (from Ch. 114, par. 23) Sec. 22. No such corporation shall consolidate its capital stock with any other railway owning a parallel or competing line. And in no case shall any consolidation take place, except upon sixty days' notice thereof given, which notice shall…

(610 ILCS 5/25) (from Ch. 114, par. 26) Sec. 25. In all elections for directors or managers of such railway corporations every stockholder shall have the right to vote, in person or by proxy, for the number of shares of stock owned by him, for as many persons as there are directo…

(610 ILCS 5/25.5) (from Ch. 114, par. 27) Sec. 25.5. In all cases when any corporation organized under this act to induce aid in its construction, either by donation or subscription to its capital stock, shall desire to fix the rates for any period of time for the transportation …

(610 ILCS 5/26) (from Ch. 114, par. 28) Sec. 26. If any railway corporation organized under this act, shall not, within two years after its articles of association shall be filed and recorded as provided in the second section of this act, begin the construction of its road, and e…

(610 ILCS 5/27) (from Ch. 114, par. 29) Sec. 27. An act entitled "An Act to amend 'an Act to provide for a general system of railroad incorporations,' approved November 5, 1849," approved February 13, 1857, and also all of an act entitled "An Act to provide for a general system o…

(610 ILCS 5/3) (from Ch. 114, par. 3) Sec. 3. Such articles shall contain: First--The name of the proposed corporation. Second--The places from and to which it is intended to construct the proposed railway. Third--The place at which shall be established and maintained the princip…

(610 ILCS 5/4) (from Ch. 114, par. 4) Sec. 4. When the articles shall have been filed and recorded in the office of the Secretary of State, as aforesaid, the persons named as corporators therein shall thereupon become and be deemed a body corporate, and shall thereupon be authori…

(610 ILCS 5/5) (from Ch. 114, par. 5) Sec. 5. No such corporation shall be formed to continue more than 50 years in the first instance, but any railroad company formed under any law of the state may be renewed from time to time, for periods not longer than 50 years: Provided, tha…

(610 ILCS 5/6) (from Ch. 114, par. 6) Sec. 6. A copy of the by-laws of the corporation, duly certified, shall be recorded as provided for the recording of the articles of association in Section 2 of this act; and all amendments and additions thereto, duly certified, shall also be…

(610 ILCS 5/7) (from Ch. 114, par. 7) Sec. 7. Every such corporation organized under the provisions of this act shall have and maintain a public office or place in this state for the transaction of its business, where transfers of all its stock shall be made, and in which shall b…

(610 ILCS 5/8) (from Ch. 114, par. 8) Sec. 8. All the corporate powers of every such corporation shall be vested in and be exercised by a board of directors, who shall be stockholders of the corporation, and shall be elected at the annual meetings of stockholders at the public of…

(610 ILCS 5/9) (from Ch. 114, par. 9) Sec. 9. A meeting may be called at any time during the interval between such annual meetings, by the directors, or by the stockholders owning not less than one-fourth of the stock, by giving thirty days' public notice of the time and place of…

(610 ILCS 10/0.01) (from Ch. 114, par. 29.90) Sec. 0.01. Short title. This Act may be cited as the Railroad Company Charter Change Act. (Source: P.A. 86-1324.)

(610 ILCS 10/1) (from Ch. 114, par. 29a) Sec. 1. That whenever the Board of Directors of any railroad company now organized or hereafter to be organized under the laws of this State, or of this State and any other State or States, may desire to change the name; to change the plac…

(610 ILCS 10/1.1) (from Ch. 114, par. 29a.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.)

(610 ILCS 10/2) (from Ch. 114, par. 29b) Sec. 2. The special or annual meeting of the stockholders at which the question of the approval of such change or changes is to be submitted shall be called by delivering personally, or depositing in the post-office stamped and addressed t…

(610 ILCS 10/3) (from Ch. 114, par. 29c) Sec. 3. At any such meeting, stockholders may vote in person or by proxy, each stockholder being entitled to one vote for each share of stock held by him, except as otherwise provided in the articles of incorporation or consolidation, and …

(610 ILCS 10/4) (from Ch. 114, par. 29d) Sec. 4. If at such annual or special meeting said changes, or any of them, be submitted to a vote, and if it shall appear that votes representing 2/3 of all the voting power of the outstanding stock of said company entitled to vote thereon…

(610 ILCS 10/7) (from Ch. 114, par. 29e) Sec. 7. Such change or changes shall not affect suits pending in which such company, or such corporation or corporations, shall be parties, nor shall suits brought against any such company or corporations by its former name be abated for t…

(610 ILCS 15/0.01) (from Ch. 114, par. 29m) Sec. 0.01. Short title. This Act may be cited as the Railroad Stock Transfer Act. (Source: P.A. 86-1324.)

(610 ILCS 15/1) (from Ch. 114, par. 30) Sec. 1. Each and every railroad corporation, organized or doing business in this state, under the laws or authority thereof, shall have and maintain a public office, or place in this state for the transaction of its business, where transfer…

(610 ILCS 15/1.1) (from Ch. 114, par. 30.1) 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.)

(610 ILCS 15/2) (from Ch. 114, par. 31) Sec. 2. For every year that any such railroad corporation fails to comply with the provisions of Section 1 it shall be guilty of a business offense and shall be fined not less than $4,000. In all cases under this act either party shall have…

(610 ILCS 15/3) (from Ch. 114, par. 32) Sec. 3. The fines hereinbefore provided for, may be recovered in an ordinary civil action in the name of the People of the State of Illinois. (Source: Laws 1935, p. 1112.)

(610 ILCS 15/4) (from Ch. 114, par. 33) Sec. 4. The Illinois Commerce Commission shall investigate and ascertain whether the provisions of this act are violated by any railroad corporation. Whenever the facts warrant prosecution, the commission shall immediately cause suits to be…

(610 ILCS 15/5) (from Ch. 114, par. 34) Sec. 5. All fines recovered under the provisions of this act shall be paid into the county treasury of the county in which the suit is tried, by the person collecting the same, in the manner now provided by law, to be used for county purpos…

(610 ILCS 20/0.01) (from Ch. 114, par. 34.9) Sec. 0.01. Short title. This Act may be cited as the Railroad Borrowing Act. (Source: P.A. 86-1324.)

(610 ILCS 20/1) (from Ch. 114, par. 35) Sec. 1. That every railroad company organized under any law or laws of this state, in force before the first day of March, A. D. 1872, is hereby empowered from time to time to borrow such sums of money as may be necessary for completing, fu…

(610 ILCS 20/1.1) (from Ch. 114, par. 35.1) 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.)

(610 ILCS 20/2) (from Ch. 114, par. 36) Sec. 2. The concurrence of the holders of at least two-thirds in amount of the capital stock of such corporation in the creation of any such debt and the execution of any such mortgages, shall be made manifest by the votes cast by such stoc…

(610 ILCS 20/3) (from Ch. 114, par. 37) Sec. 3. The directors of such corporation shall give notice of such meeting by causing written or printed notices thereof to be either personally served upon or duly mailed (postage prepaid) to such stockholders whose names and address shal…