New-York tribune., 1875-05-15
GOV. TILDEN's RAPID TRANSIT BILL.

GOV. IlIDEN : kAIID lnANSlI BlLl@
a GENERAL BILL, HAVING TIIn APPROVAL OF GOV.
TuDEN, INTRODUCED IN THE SENATE BY GE;.
HUsrED-CoMMIssIoNERs To he APPOINTED BY
TIE GOVERNOR on THE APPLICATION OF FIFTY
CITIZENS OF Any CoUNrY-ABsrRACT OF THE
BILL.
.TKOM TIE REGULAR CORRESPONDENT - THE TRIBUNE !
ALBANY, May l4.-Gen. Hustled introduced in the
Assembly this morning a long rapid transit bill
which was informally before the General Laws Com
fnittee during their consideration of the rapid transit
problem. The bill is one of the most elaborate
measures of the Winter, and derives peculiar inl-
portancc from the general understanding that il has
the special approval of the GIvernor ald it Is
runored that the Governor himself is its author.
Gen. Hustled succeeded in having the bill made a
special order for Monday evening next, when it is
expected there may be some controversy aroused by
the provision of the first section, that the commits
slOnars under whose supervision the rapid transit
companies are TO be formed shall be appointed by the
Governor Ii il said however that the friends of the
bill are entirely willing 10 substitute the Mayor for the
Governor There is every indication that an attempt
will I've made TO push the bill through both Houses
Oh the ground that the rapid transit legislation thus
far obtained is incomplete and unsatisfactory There
is general expectation however, on the Republican
aide that the provision in relation 10 the Governor
will arouse a storm.
The bin provides that five Commissioners who
shall give bonds may be appointed by the Governor
on the application Of 30 Taxpayers of any county
to determine upon the necessity OF tho proposed
steam railway u fix the route under, through, or
across the Streets avenues. places or lands, with the
exception Of such as are already occupied by an
elevated or underground railway in actual operation
or by public parks OF buildinga, and excepting
Fiftb-aye. Broadway below Fifty-ninth-st., III the
CITY of New-YOTk. The consent Of tho local au-
torties is first to he obtained as well as that OF the
owners of one-haf in value Of the property bounded
by the road or in default of the latter that Of teo
Commissioners appointed by the Supreme Court, as
proyidcd for in the Constitution. Within ninety
,lays the Commissioners tn decide upon Tie plans
sabmitted 10 them, and the time within Which the
railway shall be constructed and ready for operation
together with the maximum rates 0f transportation
And the hours during which special trains shall be
run at rcGei rates OF fare; also, the amount Of the
eapital stock of the company TO bo formed for the
purpose of constructing and operating the road the
number of shares into which the capital stock is 10
be divided and the percentage To be paid in cash.
The Commissioners are 10 prepare articles OF associa-
tio. aud 100 days after their organization are to
cause subscription books to be opened. When the
capital stock has been subscribed by not less than -
persons meeting Of the subscribers is to be called
for organization at which directors for year shah
be chosen. These companies made subject TO the
provisions of the General Corporation act. The cap
t,al stock may be increased by vote Of twothirds
Of the stockholders. The manner in which the com
psny may acquire the title to real estate IL iay SCI