Section 7527 Of Article 2. Powers And Duties From California Public Utilities Code >> Division 4. >> Chapter 1. >> Article 2.
7527
. Every railroad corporation also has all of the following
powers:
(a) To carry persons and property on its railroad, and to receive
tolls or compensation therefor.
(b) To erect and maintain all necessary and convenient buildings,
stations, depots, fixtures, and machinery for the accommodation and
use of its passengers, freight, and business.
(c) To regulate the time and manner in which passengers and
property shall be transported, and the tolls and compensation to be
paid therefor within the limits prescribed by law and subject to
alteration, change, or amendment by the Legislature at any time.
(d) To regulate the force and speed of its locomotives, cars,
trains, or other machinery used and employed on its roads.
(e) To establish, execute, and enforce all needful and proper
rules and regulations for the management of its business transactions
usual and proper for railroad corporations.
(f) To purchase, lease, or acquire the franchises, rights, and
property, or any part thereof, of any railroad corporation, leasing
or owning any railroad outside of the State, to operate it and use
the franchises of any such road, and to build and operate extensions
thereof.
(g) To purchase, acquire, and hold the stocks, bonds, or other
securities of any railroad corporation organized under the laws of
this State or of any other state or territory, with full power to
sell them.