AN ACT
ENTITLED, An Act to
authorize the railroad authority to acquire certain facilities owned by other
railroads and to declare an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. It being declared in the public interest, the South Dakota Railroad Authority, pursuant to chapter 49-16B, may acquire, by any of the means permitted in chapter 49-16B, property, real, personal, and mixed from the Rutland Line, Incorporated (doing business as the Red River Valley and Western Railroad), consisting of easements, rights-of-way, trackage, bridges, rail lines, and spurs, located between mileposts 42.67 at Genesco Junction, North Dakota, and milepost 65.60 at the North Dakota/South Dakota border. Such property acquired by the authority, and any improvements thereto undertaken as provided in this Act, are declared to be projects within the meaning of § 49-16B-10. Any property acquired by the authority pursuant to this Act may be acquired subject to existing mortgages on or security interests in such property.
Section 2. The authority may undertake, either directly or through a lessee or sublessee, such improvements to the portion of the property described in section 1 of this Act as the authority may deem to be necessary to cause the property to be suitable for the uses to be made of it.
Section 3. Whereas, this Act is necessary for the immediate preservation of the public peace, health, or safety, an emergency is hereby declared to exist, and this Act shall be in full force and effect from and after its passage and approval.
An Act to authorize the railroad authority to acquire certain facilities owned by other railroads and to declare an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. It being declared in the public interest, the South Dakota Railroad Authority, pursuant to chapter 49-16B, may acquire, by any of the means permitted in chapter 49-16B, property, real, personal, and mixed from the Rutland Line, Incorporated (doing business as the Red River Valley and Western Railroad), consisting of easements, rights-of-way, trackage, bridges, rail lines, and spurs, located between mileposts 42.67 at Genesco Junction, North Dakota, and milepost 65.60 at the North Dakota/South Dakota border. Such property acquired by the authority, and any improvements thereto undertaken as provided in this Act, are declared to be projects within the meaning of § 49-16B-10. Any property acquired by the authority pursuant to this Act may be acquired subject to existing mortgages on or security interests in such property.
Section 2. The authority may undertake, either directly or through a lessee or sublessee, such improvements to the portion of the property described in section 1 of this Act as the authority may deem to be necessary to cause the property to be suitable for the uses to be made of it.
Section 3. Whereas, this Act is necessary for the immediate preservation of the public peace, health, or safety, an emergency is hereby declared to exist, and this Act shall be in full force and effect from and after its passage and approval.
An Act to authorize the railroad authority to acquire certain facilities owned by other railroads and to declare an emergency.
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I certify that the attached Act originated in the
HOUSE as
Bill
No.
1301
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____________________________
Chief Clerk
Chief Clerk
____________________________
Speaker of the House
Speaker of the House
Attest:
____________________________
Chief Clerk
Chief Clerk
____________________________
President of the Senate
Attest:
____________________________
Secretary of the Senate
Secretary of the Senate
House
Bill
No.
1301
File No. ____
Chapter No. ______=========================
Received at this Executive Office this _____ day of _____________ ,
File No. ____
Chapter No. ______
Received at this Executive Office this _____ day of _____________ ,
20____ at ____________ M.
By _________________________
for the Governor
for the Governor
The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________
Governor
Governor
STATE OF SOUTH DAKOTA,
ss.
Office of the Secretary of State
Filed ____________ , 20___
at _________ o'clock __ M.
____________________________
Secretary of State
Secretary of State
By _________________________
Asst. Secretary of State
