Railroad Property

The property which is essential to a railroad company to enable it to discharge its functions and duties as a common carrier by rail. It includes the road bed, right of way, tracks, bridges, stations, rolling stock, and such like property. Lands owned and held for sale, or other disposition for profit, and in no way connected with the use or operation of the railroad, are not railroad property in the sense mentioned, but are property of the company independently of its functions and duties as a common carrier. Northern Pac. R. Co. v. Walker, 47 Fed. 681. See Railroad.