{"data":{"id":"us-dc/d.c.-code-35-271","jurisdiction":"us-dc","citation":"D.C. Code § 35-271","heading":"Merger of street railways permitted.","body":"Any or all of the street railway companies operating in the District of Columbia are hereby authorized and empowered to merge or consolidate, either by purchase or lease by 1 company of the properties, and/or stocks or securities of any of the others, or by the formation of a new corporation to acquire the properties and/or stocks or securities and to succeed to the powers and obligations of each or any of said companies under such terms and conditions as may be agreed upon by a vote of a majority in amount of the stock of the respective corporations and as may be approved by the Public Service Commission of the District of Columbia; provided, that no merger of said companies shall be finally consummated until the same is approved by a joint resolution of Congress. Such new corporation shall be incorporated under the provisions of Chapters 1, 2, and 4 of Title 29, as far as applicable, with issues of stock at a stated par value and/or of no par value, as may be approved by the Public Service Commission. Congress reserves the right to alter, amend, or repeal this section or any provision thereof.","path":["Title 35. Railroads and Other Carriers.","Chapter 2. Street Railways and Bus Lines.","Subchapter IV. Merger of Street Railways."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/35-271","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"a5c0992ac70102ebf8dc8b974e2296c52e0c6480baeaa26328e83df3e4104a94","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-35-261","next":"us-dc/d.c.-code-35-301"},"notice":"GroundRules: Original legal text. Not legal advice."}