New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-21

20 be issued the money IS needed. and with
out requiring the approval Of the Municipal As
senbly. The latter provision, il is believed by
the counsel 10 the Commission. is really con-
tanned in the original Rapid Transit act. but il
YVES thought best 10 have it in the proposed
srenement- The Controller. Commissioner
Rives and A B. Boardman, of counsel for the
Board viii r-e=te Afi-er-y en-Faesday TO present
the proposed amendment 10 the chairmen Of the
Committees on Affairs OF Cities in both houses
O. the Legislature.
THE PROPOSED AMENDMENT
The amendment as drawn up by counsel and
approved in terms BY the Commission, is as
follows:
An Act TO amend Chapter No 378 Of the Laws OF
Section ! Section = OF Chapter g7s Of the Laws
given Is hereby amended 10 read as follows:
Sec. z5. The Municipal Assembly is authorized TO
grant from time 10 time TO any corporation there
unto duly authorized, the franchise or right 10 con
Etruct and operate railways in. upon, over. under
snd along streets. avenues, parkways and high
except upon the limitations and conditions of this
act elsewhere provided in respect TO the grant by
IN the streets. avenues, highways and Pathways OF
the city. and further TO the end that cheap. easy
snd convenient Intercourse may be had between
al parts OF me CITY the city 81 Ae%-dorka as
power 70 establish, and Iull power 10 enjoy by
ferries over al streams and waterways within or
adjoining the limits Of said city The Municipal
consistent with Law or with this act or with the
vested rights of existing companies or corpora
Sons 70 enforce the provisions Of this section and
70 carry OUT is purpose
The rest Of the section is repealed and the
following substituted:
AS TO THE RAPID TRANSIT BOARD.
Nothing ii THIS act shall except in this section
hereinafter provided. affect the Board Of Rapid
transit Commissioners -esta bished by Chapter No.
4 Of tie Laws OF 1881. amended. or any proceed
said sct for the issue Of bonds or other means to
transit railways the provisions for the issue of
revenue bonds 70 meet the expenses OF said road
ner the provisions Of the said Chapter No OF the
Laws OF 1891 as amended or any other Rapid
Transit act or any provision thereof applicable 10
the corporation heretofore known the Mayor.
York. or Of any municipality herein united there
VIII or territory embraced therein or 70 repeal or
street surface railways. No consent approval
corporate stock, as provided by Section No 1853 OF
this act, shall be necessary 10 authorize the Con-
in said Chapter No. Of the Laws Of 1881 as
amended nor shall the certificate OF the Controller
mentioned in Section No. l4s Of this act or any
0IaeT , eernfeaIe consent Get or processing not
as amended be required 70 render valid and Of fun
the authority OF said Chapter I Of the Laws or
49, as amended But ths Board Of Estimate and
Aew,York. as hereby constituted. shall be subject
Chapter Of the Ie e Iss m 6lsd n ~ sa5a
45l q Estimate end Apportonment and Con
Sec This act shall take affect Immediately
THE MAYOR APPROVES IT
The part OF the section now in the charter
which II is proposed 10 repeal Is as follows:
Nothing IN this contained shall repeal or
affect n any manner the provisions OF the PanGi
transit acts applicable the CORPORATION bererc-
fofe known as the Mayor Aldermen and Corr
nnona4ty or the City OF New-York. or any uunicf-
panty herein united Herewith or territory EN-
braceo tnereia or 10 repeal affect the existing
general laws OF the State in respect 70 street sur
face railroads ~ 9Ni-
The proposed amendment. II was said a the
meeting yesterday. has been submitted 10 the
Mayor and TO other members Of the citv ad
ministration and they are in favor Of IT.
II was said that the Commissioners ar +batr
meeting yesterday might consider the reguIs
ton OF the patronage in connection with the
necessary appointment Of sub-engfneers and IN
EpectOrs Of the work This subject however
was not discussed, but viii be taken up bv the
Board tomorrow afternoon
Edward u. Shepard. Of counsel 10 the BOARD
sad the proposed amendment took no powar
away from the Municipal Assembly which :,
mad before, because the term OF the Ranid
Transit act OVERRIDE the charter; nor was tbere
realiy any need in his opinion, for special legfs
Iation about the bond issues. because the Ransd
Transit acr made IL mandatory upon the Rosrs
or Estimate 20 issue the bonds whenever the
ASDid Transit Commissioners called for then,