Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-11-208. Corporate powers--Generally

(1) Shall be capable of suing and being sued;

(2) May have a seal;

(3) Shall be capable in law of purchasing, holding, and conveying any real estate and personal property whatever which may be necessary or desirable for the business of the corporation, for the construction, maintenance, or acquisition of a railroad, and for the erection of all necessary buildings, yards, and appurtenances for the use of the railroad; and

(4) May receive, hold, enjoy, and convey any lands or interest in lands that may be given, granted, or donated to it.