New-York tribune., 1891-01-31

| ne commencement and completion Of the oonetruc,
Gon Of said railway, If In its discretion inc s'u % to M
deem such extension he for the be-, interests OF the
~ In case tho corporation formed l9f he PudpVQS
~ W constructing said railway shalI ttLI 20 pes or 1o
the construction within the times tor those purposes
respectively limited, all rights privileges ana iran,
said railway Shall be forfeited aud upon such for.
lctlre being ged by the court IN suit D!Ough.
for that purpose in the name of the people by said
Board Of Rapid Transit Railroad Commissioners, then
inc said Board shall nave power 10 advertise ana resel
th rights, privileges and ianch -e' ana 30 hlqch Va
the road shall have been constructed by such cor,
pDFatlon such suits shall have preference over an
other caecs in all courts, and the proceeds OF Sueii
expenses OF the resale, and then to the discharge Si
Sy liens @ which may have been eeaSd G o upon 70 Se
said corporation. The terms Of sale must provide Tor
such nights. privileges and franchises. Of corporation
70 exercise the same, and to construct MAINTAIN aiH
~, a" such RAPID tiaHS, railway or G naIi,ities
granted or imposed by this act. The said terms OF Oh
Ssie must also specify the amount Of capltai 9I ai
such corporation ard number OF shares OF capital stoh
which such corporation shall BE- authorized 10 lssu1'
NE percentage 70 be paid In casa By me suDscroeI3
~ subscribing for such shares. TIE maximum aWotu
of the bonded Indebtedness which such corpor1um3m on
bc authorized 10 incnr. and which may be secuISu & S
mortgage upon its property and franchises, ana uc
maximum rates Of fares and freight which such cor,
pofation may charge and collect for the car1age "i
persons and property. The said board may, II IL cou'
,dcr that the public interest requires II to 90 80 ~
lcct all bid, and rcadvcrse the said rights, prVlsar
and franchises for sale, with the same or dlheieht
terms Of SALE often IA it may deem neceS,af! III III,
interest of such city. and shall finally ScceI. a. ~
| opinion, is most advantageous 10 the pubic anI h
such city; and no bid hall be accepted without @ Ine
| concurrent vote Of four members OF the Board nc
terms OF sale on any such resale must contain a ~
provisions required by The act to be inserted III d e
| original terms Of sale. such sale, may be Adjourned
from time TO time at the discretion of the Board
MI >a, Of such rights, privileges and franchises siau
rion Of the term if sold for a term OF years. shall
not impair any MORTGAGE or other Hen upon ony ,l'1
ercdtor or credto5 of 1ach corporatoS proXdGE pEo E
| ~ trlp ed % extend the term for Wlch Sucn
| rights. privileges and franchises ale sd. . =, u,
| SER ~ The aid Board Of Rapid Transit Railroad
| Commissioner, may also. from tine to ume; upon
| application Of any railway corporation oW1nEF OF Vr
atualy operating ailr1ad Wholly or m part Wi'nln a
| the limits of any city in which the said Noarl ms
| power 70 act il in the Judgment Of said Board thc
Public interests - demand by the concu'nI M No,' h %.
NAV connect v,b other etc9r railways or the stations
thereof. with steam ferries. or may extend e inc
company To- Law an sGditionai track or track, on above
under or contiguous to portion or the whole OF tiG
rty and n ,cnuir terminal or other facilities
>y for the accommodation Of the travelling public on
T,terv parl, IN which Aid railway shah be located
and the aid Beard Shall dN and determine the loca'
tipD, ard plans Of construction Of the railways upon
such rn..e or rant. and ~ such track, and facilities,
| the times within which they shall be respectively
| constructed, the compensation 10 he MADE therefor
t he citv bv said railway company and such other
| forms, condition, and requirements A. TO the aid
IoT may appe'r lqst ana , Prop9r ,cG cGiIn'aie i
t nG rrpiIrd Dy t1 I,1 rhiT 5inc ogrer sottin,
forth in detail the action taken by the said Eoard
with respect 70 such connecting or extended route
routes and such track, and Eio!tc,. and IL tcrm,
ra, ,hau De- delivered t6 said railway corporation
upon hc receipt by said Board oi written acceptance
of SAID "rm,. condition, and requirements dEy exc
"i'I " ad rS.iN"l toIp.rai"h' ~ n, ~ Giutl % H. " ,'
Office of thc secretary II state. d duly certified COPY
"'roi ,h1ll be- lied in tire ofce If The Clerk o inc
county iu which the RAILWAYS # sai railway corpora
tpr tre situated, and therrIpon. nnd upon nltn'nt
N -D railway CORPORA ~ 80 ids aS IL rel"'S9 s, ~
49,. - he nial,i a., .,icb ca.o, ufIor section
E NJ ,,. o p ~ ~ ronstl.ltton of this -atc ana
,r ... c,-T..l,-s and r.niil- ul.a- ,lurn. "a .cd
bon said certificate. the SAID Board may require 4
d., nrf.d 49, . condition precedent To beginning sa!d
'os aid RAILWAY company ,hAll IN such 'se & poos,
conferred by hi, act mp corpora Ions S;c'ialv foln
rc"uudcr. with respect 70 A. rIWa, :, N,nVrlan I
81 1 SIKH -, % f. ted and letermlmcf ana
70 certificate aforesaid shall have i"cn dniy hrd
M m , a" 9Th Ike erect A. though n. same
thou u acunl rr,r,ti"u Inl' TOE construction and
operation oi ,uch connections, extensions. additional
orlv rrnn a.. ,HrGtIcu that the consent "i ne
,vn,r, of ourial. iu value u ih' pr rr'N .onrfcd
u and to consent also ~ the l'ca authorities hay
iuc the control o." i'a' portion % ,'rt 'r itF"" ~ .
upod. above orr under which ~ is pron',th To cor,
cas-, tlc con cnt = -u,u property .Wncr- cmopt bo
obtained the General Torn ~ Nh" supreme Cour'
.r
-'ructcd mas. upon "plltauod li ih' same manner
and ON ihc .,nc Ip,Icc specified ia dion 70! lhI7
act appoint thr,c cppr i-op'r-. WHO ~.aH deternI'e
after % hearing of 400 parties interested. NhrN'r 'n'
same ougit ~ Lc c.u-trir."d oi opera H. ana mem
determination. confirmed Do, the court may hr 'aLch
I'm lien ~ the con,rtlt Of tine property u'rS.
~,a. 49, wherever tue rIUt' select Il bv ihr ead
BOARD nf Rald ili'-f Railroad mm '-l'tr- for if'
construction of -u,h railway ei.U ut,l~ ct cross. or
coincide with any rulNH" TRACK "r tracks "'ripyinG
IN. surface Of any street avenues. ANY corporation
oIcf Ird under th- act is hereby authorized. tor tn
purpp.. of rous uctiug tl' said V'rh 20 r'moV' tl
track or ,rac;- az any such surface railway or rlli
Way-. hut hc same ~hall h' dor" I'm such manner "a,
10 utrrf rr lttl' a. possible WIN me prdcucil
operation ~ wording, 81 such surface rilNar or 1ll
WAYS and upnu the ructi,n Of such railway butt
uud.r and i'm cnuflrul with the provisions of this
a.t where .url mDVa- or chan rc- have - On made.
condition In which they pr'viuu to the construc
10 interfere lttlr a, ro'Nhl' with th' pr1' lcdI
~ hi, icf. ard any dIud-' WIlth such company or
rompaulr. may sustain -ull lr a~'Draiucd hy .
,mmi~ ion - bc appointed tl' -nIu" me CO."
Wh.r. lands are taken for the puipn'', Of railway
rolto or rcuic, ~ her 'nuo - pro'd In lhi, at.
All such renewal ana restore i'u, Aal hr made ~
may have entered rppu ih' occupancy of >urh str''t
ur .trrrt.. so him cnutJiu'd in This zee shall
authorize auy corporation formed Hereunder to use
the tracks of any horse railway.
MR. DErTW FNPLNINo THE CENTR\L'S ATTITUDE
Chaunccv VI. Dcpcy yesterday made the following
stat .mcnt T. Tribune reporter in r;arl - the r'
tipu, ~ the New York Central Railroad to rapid
transit:
f.t