Section 5. Incorporation  


Latest version.
  • A railroad corporation may be formed under this
      chapter for the purpose of owning or operating  a  railroad  for  public
      use,  in accordance with the procedure for the formation of corporations
      set forth in article four of the business corporation law, by delivering
      to the department of state for filing  a  certificate  of  incorporation
      entitled  "Certificate  of  incorporation  of  ................ (name of
      corporation) pursuant to section five of the railroad law".