The Iowa railway finance authority or any railway corporation, may acquire by condemnation property as necessary for the location, construction, and convenient use of a railway. The Iowa railway finance authority may acquire fee title or a lesser property interest. The authority shall offer to sell its interest in the property at fair market value to the adjoining property owners upon abandonment. The acquisition shall carry the right to use for the construction and repair of the railway and its appurtenances any earth, gravel, stone, timber, or other material, on or from the land taken.
[R60, § 1314; C73, § 1241; C97, § 1995; S13, § 1995; C24, 27, 31, 35, 39, § 7808; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 471.6]
83 Acts, ch 121, § 9
C93, § 6A.6
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