Ohio § 1743.08

§ 1743.08.

A company or association organized as an elevator company may purchase and hold real

and personal estate;  may erect, purchase, and own the necessary buildings, offices,

and machinery for carrying on the business of receiving, storing, delivering, and

forwarding grain of all kinds;  and may add to and connect with this the business

of a general storage warehouse or forwarders of all kinds of produce and merchandise.  It shall not deal as buyer or seller on its own account or for others.  In the prosecution of its business it shall be governed by the same laws, not inconsistent

with this section, as govern individuals in such employment. When such company erects or owns an elevator building, and uses it for the purpose

of receiving or delivering grain from or to any railroad company, as freight carried

or to be carried over any part of its railroads, such railroad company may subscribe

to or purchase shares in the elevator company's capital stock, to an amount not exceeding

one third of the entire capital stock of the elevator company, in the name of an officer

of the railroad company, and hold it as trustee.  The railroad company is liable upon such stock, in its corporate capacity, to the

same extent and in the manner a natural person buying it would be.