New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-23
rnblic Noi,te

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solidated o. merged into corporation which "a ~,
known as the MeopoIan street halrcad Company" no"
the las-named corporation or company through is az,
Comptroller take the Necessary action resu HsddeIsneS
10 Sci. at public auction the said right franchise and
asco 6 with the Of the .o-
and sspey ba IN S9mPanfe with the Of
.. Of s5s i'" ''"'1''a IN Chapter
Ja) That no bids will be received sale .xcep.
from duly-ncorporaed railroad corporation Of his
street railroad in SAID city FOR which such consent may
eeniage per annum Of the gross reeep,s OF such ranch 5
or sx'enson as defined BY s5d section % Of The RaaS
% "a rs R TI bs pes He nna 6 such corporation
for such sale five days prior day 70 witch such
rol.er Of the city bond in writing and under seal win
toned that If such rgf franchise and privilege sba
Be York Sd the s s%G a S rs ET
dated damages and no, y way o. R,nalty in the
comply With the provisions Of pertinent theTeo
construct. complete and operate It's railroad accord
fixed for is construction by the resolution Aforesaid With
eomPieon q Taaad and ais condtoned pay -Ta %
in interest q the Lexington Avenue and rayona Ferry
company shall not bidder the Necessary
expenses incurred by said or by the Lexington
Avenue ana ra.oh pr T., ,h@ Ha prs,n lie pTete-
quremens an! direction q the local ag,,hhortes within
tS Comptroller other officer conducting the same a.
o9 one Of the Conditions Of said saIe a. fixed by
sha run cars upon such branch or extension re.
an as The st 3 q and f HSS 1 Ssgs
or extension SHAH be purchased al such sale by the
s bart OF the continuous line Of thu applicant 50 as to
enable passsnser BY transfer u2 r q o,herwse .
any point on slit braTch or extension . any
penn penn whether the sarne owned leased by sad COM
Pany and i the right , to e2 P and 9Pea,e such
coporaon 9'her Than the n5 9ppeant tor 4 con
out extra compensation al the point Z junction
ngs from joint business in the proportion n.
length o. tn extension OF branch - sd shall bear
consent. whether owned or leased. together with
"a rssotlons reou,res thu, n he rgbt 10 cns,- -
sn such branch or Extension shs be purchasi
by the company applying for this consent the percentage
branch or extension shall be calculated such portion
u ,he gross receipts u the applicant as shall bear 70
OF such branch extension shall be to the entire ength
e, Another q the cond'ans Of said sale as Fixed BY
Charged more than i've coI,nuous ride upon.
from or to the above branch y extension under the con-
% Anoher Of the condt6ns q SAID ale. as fixed BY
may be operated By horse power or any power cher tan
by sad resolutions requires that TIE provisions 4 Ar,s
piled WIKI by ne company acquiring he r.sat o. con-
sruct and operate such extension or 5r2 an ~ -. .
The purchaser VII be liable . pay annually in'2 ne ~
I've per cent receipts. as required dy section
IS o; general railroad laws calculated upon tne has
accepted unless z be q percen,age additional . he sad
percentage provided for by said la" Ana salt sale $
pcabie 20 said shall be by the purchaser at sad
o. In Il re failure Of the cry hsTe 5 in Tany
stree, railroad franchises, by r~t % ~ purchasers ~
sad -aie falling 10 construct and oera,e ne rlas upoa
various preieNis cali attention - the act nat 10,
rcrase said sale and his sIte'les snail so Ear 80
a. condition ~ such right franchise and pryey.
.ta sold T. such cotIota''on - pAy - re XIX Y:
New-Yora tn" sum q MY thousand collars 5000 g
ieldat.d danages and NJ ~, ~ o. Pra1y. n N:
..-ut f"" failure - sue bidder - nun! -n- terms x
sale comply with The provisions = law pertinra, there
and construct cmpee and operate rs railf3ai cog 9
r s Srs,rucii0n within the time designated Dr. law -
the construction ana c1mpleon . rs rai-9al IS cen.
cerned assumes all responsibility ~ obtaining consents :
ae saa railroad WITHIN three years after said consents
~ kHi further cli Intention the fact hat the pur.
chaser who may ouli anl operate srch ray ~ snail 4.
srt earnings 4 such railroad which books shat! - IL
be subject - ~ Inspection = ne al a"- res.
In Z fhe fsil-- 0r refusal ~ ne cpa' n
'rsr,,ng 1r sirF s-1 railroad % pay the rental ~ per-
csntaecs Z gross agreed upon and after n
Z n5t ie-. than sixty DAYS to pay the SANE the lcal
having jurisdiction At least twenty days notice %
-Ich corporation. and. after q shall have ha! an ?.
clarg the consent AMI right - operate AM Use such
railroad forfeited ard 4u'hzins the sole again * -
however. that such res.e 4 any such consent aci
heretofore granted shall be authorized except up
ami inrnbrances existing N said rair al at the t.rs
such forfeiture may have been declared.
commence h- of said rad within yea
at'er the consent u the local au'herres aat properly
plee and operate The same within three years after D.
tanning such c11sens, WILL be- accepted available.
''''' WV '''N '''''' ''' AsHBEL P FITCH
Comptroller.