32 V.S.A. § 8261 — Railroad property

The words “property acquired, constructed, or used for railroad business or purposes”
as used in this chapter and except as otherwise provided shall include all franchises,
rights-of-way, roadbeds, tracks, bridges, stations, terminals, rolling stock, equipment,
and all other real and personal property of whatever character used or employed in
the operation of a railroad or in conducting its business and shall include all title
and interest in such property as owner, lessee, or otherwise.