§31-2-11. Consolidation of railroad properties.
Any railroad company in this state may, with the assent and
approval of the public service commission, consolidate its
properties and franchises with the property and franchises of
another railroad company or other railroad companies, or obtain
the possession and control of the lines and tracks of another
railroad company or of other railroad companies, by purchase or
lease, whether such railroads are or are not parallel or