Section 77-9-165 - Leasing railroad and its properties

To lease, except to parallel or competing lines, its railroad and all of its property and franchises, rights, powers, privileges, and immunities then owned or thereafter to be acquired, for a term of years, and to lease, except from parallel or competing lines, other railroads, in or out of this state for a term of years.Codes, 1892, § 3588; 1906, § 4090; Hemingway's 1917, § 6719; 1930, § 6083; 1942, § 7735.