The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-06-20
Mayor Wickham Very NOn-COmmittal
Regarding His Action.
THIRTY DAYS GRACE ALLOWED
Views of Leading Men on the
Absorbing Question
PROVISIONS OF THE BILL.


Rapid transit, as an element OF interested and
sxciting discussion has received a new impetus
nom the fact announced in yesterday mornings
HERALD that Governor Jiden had appended bis
pficial signature Co the Hustled bill. Immediately
lfter the bill became a law It's author, General
Hustled, set about to obtain the signatures and
Lttestatton OF fifty taxpayers to an application to
the Mayor, asking the appointment OF Commits
Boners consider the necessity or rapid transit
road this city, to determine upon the route &c,
as provided for by the new Law. These ne sub
mitted 10 Mayor Wickham at quarter past ten
yesterday morning. Another similar application
was presented 10 His Honor about hour later
BY Mr. c. II. Roosevelt, or the Rapid Transit Asso-
riation.
In view OF It's new Importance TO the public tue
main features OF tue new law are hereto ap-
pended
Section / provides that on the sworn appca-
tion oil nfty househoders and taxpayers the
Board OF Supervisors Mayor Qf IN city, may
appoint i've Commissioners.
Section directs these Commissioners TO qualify
and give bonds.
Section prescribes that the Commission shall
organize within fifteen days.
BY section 4 they are required within thirty
days to determine on the necessity or the trav-
cling facility and within sixty days 10 locate the
tine, except, in this city, Broadway and Filth ave-
nue below Flfty-nin III street, and Fourth avenue.
above Forty second street, AND sucn other streets
as have alreaoy been designated or occupied by
elevated or underground railroads. II also pro-
vides that the consent Of the OF half in
value OF the property bounded on and the consent
OF the local authorities be first obtained, In
case the consent OF such property owners cannot
be obtained the power is vested IN three Commls-
sloaers, TO be appointed by the Supreme Court,
after due hearing OF all parties interested,
whose determination, confirmed BY the Court,
shall be taken in lieu OF the consent OF such prop
erty owners.
Under section SAID Commission shall, within
ninety days, tx upon plan for such railway.
BY section the Commission IS directed, within
ninety days. TO determine when such railway
shall be completed, with the rates OF fare and
time OF special trains, and the amount OF capital
STOCK, with the number OF shares.
Section requires the Commission 10 prepare
articles Of association Tor the railroad company,
with a proviso that q failure 10 complete the work
within the stipulated term snail work forfeiture
of the franchises to the city or county. Books OF
subscription TO the stock shall De opened within
section provides for the organization OF the
company wien the whole capital has been taken
by twenty-five or more persons.
Section directs that the Commissioners nile
dl ectors' certificate with the secretary OIL State,
which VIII be taken as evidence OF incorporation.
Section 10 directs that annual elections shall he
held
Section IL empowers directors 70 enforce pay
ment OF subscription 10 STOCK, under penalty OF
forfeiture.
Section IL relates to the individual liability OF
stockholders Tor the deDts OF the company.
Section Is says stock snail be deemed personal
estate.
Section IA by a vote OF two-ihirds an amount OF
All the stockholders capital stock may De IN.
creased TO any amount.
Section IS provides for the personal non-liabilty
Of persons holding stock IN any sucn PAW
executor or trustee, or holding ~ as collateral
section 10 provides for action hy laborors
against said company IN case any contractor snail
Section Il empowers any such corporation
generally TO mold real estate required Tor the rail-
Way aui ia case oi non-agreement with owners
gives the right 10 acquire tle as hereinafter pro-
section is provides for petition by the COM
pany TO the supreme Court Tor The requirement or
Section 10 provides for proceedings before the
Supreme Court on such petition. and for the an
pointment bY the Court VI nve Commissioners OF
Appraisal.
report by the said Commissioners or majority
thereof TO the SUPREME Court
Section q provinces Tor the confirmation of such
report by tue Court and the Issuing OF an order
stating substance Of proceeding ana description
oil real estate app alsed and direction as 70
manner Of payment Of money therefor by the COM
pany.
report by either party TO the supreme Court
Iuch appeal not 10 affect the possession OF the
company.
or such real estate into Court
Section - provides as TO amendment Of &C
Iured title by the company II fOunI directive.
section % provides mat the supreme Court sDall
awe power TO direct legal conveyance OF required
realty 10y holders not authorized 70 sell anu con.
vey the same.
SecTlon IS provides for the holding OF voluntary
grants OF real estate; that the commission shall
Tot map out a road running the same avenue
Or street as a road already in operation, no matter
" what class, and that the company may issue
Ionds
Ihall wear a badge, otherwise he shall not be en-
lied n q
Section Is provides a. TO the conveyance OF
United states mails.
to expel any passenger refusing 10 pay his Iare.
section 80 provinces that sucn corporation must
furnish sufficient accommodations Toe ITS patrons
and snail ne liable for any neglect In TINS respect.
Section 81 provides that II any person in Charge
Of a locomotive engine or while actlng as conduc-
Tor on such railroad be intoxicated he snail be
ieemnd guilty OF msdsmeanot.
section 80 proyi1es remedy Tor malicious acts
ralnst the property OF the company.
Section 80 provides Tor proceedings for penalties
Section "a provides for the dissolution at any
future time Of auy such corporation oy the Legis-
sectlon 35 prohibits any new company from
nsing the track Of any horse car raliroad now IN
Section &C. which IL OF great length. provides
that the commissioners shall not lay ont any route
when Will coincide with tat OF any otner road IA
operation or projected ana covered by CHARTER.
Section 81 provides tuat said commissioners
,hall hand over all papers and money 70 sue h
corporation within one month after organization,
S,ter neductng amounts due TO commissioners
or expenses and saIaries.
secfl0n IS provides that each of said commits
uoners shall be paid $40 per day for each day OF
actual service.
section 81 clothes "A majority oil tie commission
ira with power to transact business also provides
for inc removal for cause 10y the power appoint
ina, and filing vacancies In the event Of deatn Or
The three following sections we're attached TO
the ORIGINAL bill just before ~ passed, anu are
given In FULL
sections 49, Al and AZ were added al the last mo
ment aud are herewith given entire. 80, -
repeal or In any manner to AFFECT chapter lao Oh
the Laws of 1890, emitted "An act 10 authorize
the formation uf railroad corporations. and 10
regulate the samc,r or the several acts amenda-
sory thereof or supplementary thereto; none OF
The provisions OF THIS act snail apply TO any rail-
0ad company organized under any general or
special law 81 this State for the purpose Of con
tructlng or operating a steam railrOad upon the
surface Of the gtuunu, nor 10 the operation Ut
management OF any railroad heretofore con
urucfcu