N.Y. Transportation Corporations Law 26 – Extension of lines
§ 26. Extension of lines. A telegraph corporation, a telephone corporation or a telegraph and telephone corporation heretofore or hereafter incorporated under or by any general or special law may construct, own, use and maintain any line of electric telegraph or telephone, whether or not the line and the territory in which it be located was described in its original certificate of incorporation, and whether wholly within or wholly or partly without the state, and may join with any other corporation in constructing, leasing, owning, using and maintaining such line, or hold or own any interest therein, or become lessees thereof, upon delivering to the department of state for filing a certificate of amendment. If the lines or territory are to be extended the certificate shall describe the territory in which the operations of the corporation are to be carried on.
Terms Used In N.Y. Transportation Corporations Law 26
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.