The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-05

sSs o. me psT " Hans Tor nrovdns the @ and
aud lresht which shall be submitted to anS accepted
plans the PURPOSES sisesai to
ay OF August & e na ." on or oee the saa M
shall signed BY the owner or owners thereof
the @ysSpf
MAYOR On before the day q HasasS ISL Inc
e Them snS on Or Seiore ne 18th day q
70 them H. the sG%@sonsi, decide accept
grant, unto the owner twners Of such plan, his or
ns aHs', ss Es
S and nave aausd and S 0s that .as the
wsra OF $500 and Son he prodge,on, Of The SAID ser.
attorney to the comptroer OF INC city q New , York
lain Of The city rs 9.ew Sers Tor sum $1,000
ee he d or 81 hf ss sI
sro. t-fhe Rapid transit Commissioners hereby
shall ave- n tine sole 1 raSa To
ssa
hf' den saa: ess
ca o Be- 0 a n Ss
avenues Ii. ely Of New York, and in agree
g. a N h to The q
terlasd in the GannsT provided subdivision SIX
An act to authorize the formation OF railroad
re the y OF pd m n
thereof to acquire and hold real and personal property
% as a sa dispose s
nd TO de the Jp they e as ase
by orSan 5 under the said
thereto or amendaory thereof; to have the sole
sracton use and a Of the road
% eee the By
be taken and to open books OF subscription 10 al up sad
%issionsls StSiS thirty DAYS after sad
stock has moi been likely
9s the said s s s the :s
meeting Of Governor, the Mayor Of the city New
is saSs g
saS city es
means Of rapid transit under The plan adOpea shall BE-
Sa be borne I ns said cy e
e p @ Of the snS pV % G5 e
days from the time when the capital stock provided for
81 IS sss sss siS
an at at e a s be- sdra how y ssa
sty amy p!evidsS pssesdins ssssiSS
are @ and
and the
of this III such aS s @ sss
shall be duly executed 70 the Commissoners Of
.sD,sSssS !, ,Ss0 :ss ds:s;
Chamberlain is hereby authorized and directed to pay
whom the said title shall purchased such Of
and sac
tn with the SAID price or
unable agree II the purchase Ct Any real
EfSH1sea and
in that case application shall be made therefor by the
saa s1p 70 e
S5
' s f9s By f ss g 81
s 1Sss sS & n ~
poses Aforesaid carrying provisions this
act Upon the S Of the report Of said Com
sasea :Hai e deemed he pfsSerty Of lie
SsS Nv 5s
inq n
ss Upon The a of % T s a the
Of to the parties of persons esDec
SEC. 6-Upon Obtaining the title to the property thus
s s ae s ra ns as ef a
dlateiy proceed in such manner as they deem best to
plans ADOPTED Tns pay Tor he pur;
transit the salaries Of The Rapid Transi, COMMISSIONER
and all the OF every nature with the
=, aforesaid ths Comptroller is hereby aghorized and
for perp Be eer
mined by the said commissioners together with the
stTaeiioa therso! and issue revenue bond, II
taxation Tor the next year in Ike manner as such bonds
Transit and all claims for moneys due for fur
ks
ha the na So an nne owePa
the of rapid b. @ 9d are cq one
amount realized BY the subscriptions to the capital
the oa the
ee c ad e e sa OF Pe e
said Commissioners and shall annually the 10th day
!sssHHy the SS and county 81 YorE sy
tor and be paid by said directors treasury aOre
SEC g. The means of rapid transit provided for under
this act shall be constructed and ready for public use
either the Battery
Park Forty second street in said city Of
cpons to the capital pit Thereof are III paid in or
Dc s sf aaS the ns q
sad RAPID transit 1 ha oe borne py sad
s Sn and e and
Plan; sdSpsd the
provided such capital subscribed aforesaid
much II of the expense thereof shall be borne by
S the rapid
of the duties or enensd for
bis salary s OF A evefy
the OF SlO,OO0 annum, to be paid to
him by the Comptroller in said capital stock is not
subscribed as aforesaid In equal quarterly nsalments;
and the salaries Of said shall be charged
and be considered a portion OF the expense OF
structing managing the means for rapid transit
vided for in this
l0-If the for rapid transit contemplated
by this shall be constructed entirely by subscriptions
TO the capital stock then at the expiration the term
office commissioners, herein first PROVIDED for
the duties of the Commissioners OF Rapid Transit shall
cease, and board of directors shall be elected
and other officers by the stockholders as Tin
the of other railroads; If the city Of
New York has aided in its construction, in accord
with the vote provided tor the fourth section of
this the duties the commissioners shall
and board of directors and other officers
shall be elected aforesaid and the Mayor such cleo
ton hereby authorized and directed to vote the
stock owned by said city
SEC. lin the bonds OF the city of New York
issued in the construction, 70 aid in the construction
of the rapid transit contemplated by this act shall