The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-22

/
lor any OF the liabilities OF the company, aud IT,
by reason OF any con1agratfon or accumulation OF
s as seoo%Sy 81
the com pany may elect TO apply such capital and
enable it to Continue business Or il lieu thereof TO
surrender its then existing assets and appropriate
the special capital surplus as an original capital
In case OF such surrender and appropriation, the
| existing policies OF such company, excepting those
upon which special liability shall have accrued.
shall! continue in force and the special capital sur
| plus shall become o security for the payment Of
any loss or losses thereafter occurring. 1t Is also
provided that 80 much Of the reinsurance fund,
surrender. as shall be necessary to reinsure the
outstanding outs risks shall not be regarded as any
retained as such reinsurance fund. The act takes
effect Immediately on Its passage.
BY Mr.. Misunderstanding legal notices to be
| published in the town where the parties affected
| reside.
| THE THIRD AVENUE QUICK TRANSIT COMPANY.
me iollowlng rs the text Of the act to incorpo,
sae T fhe GT
OF New York OF rapid transit ralroad:-
sms1o1 & saSisss william n ae% s HenTy
s% Rflc. .'a ase0k
SS ass s 2 y s =
anon sPi no
Co. shares Of SiOo each And The said capital IN
ss S;s But
%
as also from Of lien o. sale for either
ssd 4.
e sas e : s. in
board Of not less than seven directors. be elected
ss
When sSors be Ssia and
Ss o. s ssid BE-
at or mailed to their respective abodes or
siss!loS sv mere 6
IN s sSs a
All ss'S
s
sxc a-ihe corporation hereby created shan have all
%
AD the acts s asa
%Sddsd ~ or are COZ with proS
created
operate an elevated railroad with double track rail-
ways and ADEQUATE structure therefor above ths street
corner q stree. and BrosaWsy. Tannins
e and tx
and over a w T1S
the Central Depot on the Fourth avenue also branch
1sS's sa0sss
r;; AZ
Rd
wch street and thence along and through Morris street
Gfes envy, street. then turning ne corner Sf Morris
Greenwich street 70 Battery place and own along and
aSa .sns ne
around Bowling Green IN Broadway, and thence along
ssp ssS sS
ana 81 ds % n Ss Ct 81
either : 9n olsyasd or street surfaces S
and somplsss nssoSary Contracts ana
MI,
o
70 ssn is
enter upon and across said New York and
~ ~s take snd
elevated surfaces the line lines
ssS turns the snS
S thu sn aa g be @s
sructed and operated The said corporation may how
ana nc na as
5 Is a tt. tracks
and and branches Of said corporation
e Sy r.. q S
h Sc s Ss
shall be spaces on the surface Of the avenue and
se nS SS
Se iaHs'
e the influence @ Of &c
Ss.s ST. 9n soS the s sSs
& aa OF sa s St
rs
sa saq ea
said corporstion hereby authorized enter by
% s ss e.
erecting the structurss aforesaid the purposes
outs with the
saIy ds H and stations and shall have the right
therein As may necessary e enable i to consrnes and
acquire title the same in the manner spec,ncd in the
acts referred TO- except that In
capital suryeys %sps the ns any csra6
SEC DIN the construction Of the structure and rail-
hereby authorized the SAID corporation shall regard
said city and the greatest convenience 70 the public
approved mode. such shall 70 the greatest degree
secure safety and diminish annoyance from the
sss fSs said elevated railway, and the structure.
for the and purposes Of sad corporation and It
shall not be lawful Tor any person persons other than
public officer In the execution OF his duty SUCH with
his ASSISTANTS and agents enter upon the same or in
any way than IN the proper said corporation pro-
vded Tor that purpose without the consent Of the said
o%
ss ssss
interfere herewith but are hereby commanded ana az
rectcd at tines practicable, TO ala the saiu
corporation in Carrying the provisions Of this ACT
SIC THE said corporation hereby created Y hereby
authorized TO convey freight and properly N
propelled BY steam q other power over SAD rs
Twelve cent? for one per-
the Whole length Of the said road not exceeding ten
cents Tor any Lesser distance the said Corporation
c corr to sell aud issue transfer tickets
| upon such terms said corporations shall
| mutually agree upon, which tickets shall be
transferable and good upon their respective lines Of
travel surface roads railways bridges and ereA
vidcd that charged shall not exceed In amount
the sum the several corporations each
anfhorixsd charRa said CORPORATION NAV also