(610 ILCS 60/0.01) (from Ch. 114, par. 49.90)
Sec. 0.01.
Short title.
This Act may be cited as the
Railroad Motor and Aerial Transport Act.
(Source: P.A. 86-1324.)
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(610 ILCS 60/1) (from Ch. 114, par. 49a)
Sec. 1.
Any railroad corporation operating a railroad in this State
may acquire, own and operate motor vehicles for the purpose of
transporting persons and property over the public highways for hire,
subject to the provisions of any law regulating the use of motor
vehicles, and also may acquire, own and operate equipment for and engage
in aerial transportation. And such railroad corporations may acquire and
own the capital stock and securities of corporations organized for or
engaged in either of both of the above businesses.
(Source: Laws 1929, p. 590.)
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(610 ILCS 60/1.1) (from Ch. 114, par. 49a.1)
Sec. 1.1.
This Act does not apply to railroads incorporated after July
1, 1985, or to railroads which are reincorporated under the Business
Corporation Act of 1983, as amended.
(Source: P.A. 84-796.)
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