railroad corporation
A company organized to construct, maintain, and operate railroads. — Also termed railroad company. [Cases: Railroads 13. C.J.S. Railroads §§ 24–25, 31–33.]
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national railroad passenger corporation
National Railroad Passenger Corporation. A federally chartered corporation created by the Rail Passenger Service Act of 1970 to provide intercity rail passenger service. • The corporation owns or leases railroad stations and operates passenger trains over tracks that are almost entirely owned by others. — Abbr. NRPC. — Usu. termed Amtrak.
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National Railroad Passenger Corporation
National Railroad Passenger Corporation 全国铁路客运公司
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private corporation
A corporation founded by and composed of private individuals principally for a nonpublic purpose, such as manufacturing, banking, and railroad corporations (including charitable and religious corpora-tions). — Also termed quasi-individual. [Cases: Corporations 3. C.J.S. Corporations §§ 5–7, 62.]
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town bonding act
town-bonding act. A law authorizing a town, county, or other municipal corporation to issue its corporate bonds for the purpose of aiding in construction, often of railroads. — Also termed town-bonding law. [Cases: Towns 52. C.J.S. Towns § 210.]