Section 4. Consolidation with competing companies prohibited; officers of companies not to be officers of competing companies

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Consolidation with competing companies prohibited; officers of companies not to be officers of competing companies

Summary: Repeals article on railroads and canals

Election Date: May 16, 1967

Votes For Ratification: 1221907

Votes Against Ratification: 629067

Percent for Ratification: 66%

Percent Against Ratification: 34%

Notes:

Amendment Source: 1967 JR 7

Effective Date Source:

Consolidation with competing companies prohibited; officers of companies not to be officers of competing companies

No railroad, canal or other corporation, or the lessees, purchasers or managers of any railroad or canal corporation, shall consolidate the stock, property or franchises of such corporation with, or lease, or purchase the works or franchises of, or in any way control any other railroad or canal corporation owning or having under its control a parallel or competing line; nor shall any officer of such railroad or canal corporation act as an officer of any other railroad or canal corporation owning or having the control of a parallel or competing line; and the question whether railroads or canals are parallel or competing lines shall, when demanded by the party complainant, be decided by a jury as in other civil issues.

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