Legal Dictionary of Pakistan

railroad corporation

A company organized to construct, maintain, and operate railroads. - Also termed railroad company."A railroad company or corporation is usually regarded as a private corporation, and justly so, as contrasted with a strictly public corporation, such as a city, county, township, or the like governmental subdivision, but it is not a private corporation in the strict sense that an ordinary business corporation is, for it is charged with duties of a public nature that distinguish it from a purely and strictly private corporation." 1 Byron K. Elliott & William F. Elliott, A Treatise on the Law of Railroads § 3, at 7 (3d ed. 1921).