69-14-553. Acquisition and transfer of real estate. A railroad corporation may acquire by purchase or gift any land in the vicinity of its road or through which the road may pass if the land is convenient or necessary to secure the right-of-way or if the land is granted to aid in the construction of the road and, except as provided in 69-14-931 and 69-14-932, may convey the land in any manner the directors may prescribe. All deeds and conveyances made by the corporation must be signed by the president, under the seal of the corporation.

     History: En. Sec. 15, p. 102, Ex. L. 1873; re-en. Sec. 313, 5th Div. Rev. Stat. 1879; re-en. Sec. 692, 5th Div. Comp. Stat. 1887; re-en. Sec. 900, Civ. C. 1895; re-en. Sec. 4281, Rev. C. 1907; re-en. Sec. 6514, R.C.M. 1921; re-en. Sec. 6514, R.C.M. 1935; R.C.M. 1947, 72-212; amd. Sec. 3, Ch. 814, L. 1991.