New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-04-01
TO IMPROVE WATERFRONT
Bills to Carry Out Dock Depart
ment'S Plans Here introduced.
FOR TERMINAL FACILITIES
Project Also Includes Street I'm
provements and Acquiring of
Additional Land.
rBy telegram 70 The Tribune !

Albany. March Ex-senator Cullen and
! Assemblyman Walker to-day introduced
| two bills providing for the carrying out Of
the plans for the improvement OF the
waterfront OF New York City by the Dock
! Department. The first measure is known
as the New York City freight terminals
act while the second provides for the in
corporation Of freight terminal companies.
Assistant Corporation Counsel Edward j..
McC;oldrick. representing he New York City
authorities said that the freight terminals
act authorizes the Board Of Estimate ana
Apportonment to grant authority 10 the
| Dock Commissioner TO adopt plans ac-
cording to which terminal facilities VIII ne
constructed and waterfront or other prop
| erty acquired by the city. The altering OF
streets for the carrying out OF these plans
shall be entirely within the power OF the
Dock Commissioner. There is also a pro-
vision for condemnation Of additional lana
to be replotted. regarded or otherwise
ada pted for convenient access TO the termi-
nal improvement.
After such replottng the city may sell
this excess land and apply the money 10
the redemption of the corporate STOCK OF
the city The Board OF Estimate may au-
thC riZe the Commissioner to build terminal
Ways terminal stations and equipments pro-
yided by the plans. and TO adopt rates ana
regulations FOR the use or the terminaI ih'-
rroyement He may lease the right 10 OPP
e,atc. but provision is made tnat every
lease must be terminable by the city at any
time on notice Of not more than one year.
anG no lease shall be for more than twenty
five wears The Commissioner may also al
range for a substitution Of the use Of the
tel ninal facilities for existing transporta-
tion facilities. which the owner may agree
20 surrender on the conditions OF the SUBJ
stitutjon. The Board OF Estimate shall
have full power 10 fix the terms Of leases
ana contracts before they are executed by
the commissioner md the boards action
must be taken only after public hearing'
The bill for the Incorporation or freight
terminal companies provides that II COM
4. pauy incorporated for the supply. matnten-
ance or operation OF freight terminal faci-
! Inies has its main office IN Manhattan IL
must have a capital stock Of not less than
81. 900 COO: If in Brooklyn, sioo.roo: il in The
Bronx, Queens or Richmond. $4,000 and
II in any location outside OF the city OF
New York but in the state. $4,000. Each
such corporation is TO he under the Juris-
diction of the Public Service Commission
as to rates capitalization and other mat
ters. the regulation Of which Is provided
for I'm the Public Service Commission law
II must also have certificate Of approva!
from the commission before II can exercise
| the right Of condemnation.
II the state or any municipal corporation
! thereafter proceeds to acquire the prop
| erty Of the company, it's public use by the
company must not be set up as an obstacle
against condemnation. Freight terminal
| companies may acquire the privilege or
crossing or otherwise using the streets ad-
| iacent to any terminal way or station on
such terms as the loca! authorities may
| impose But this privilege shall be revoca-
/ be any time on notice ~ one year. and
| cannot hn granted except on certificate
of tho Public Service Commission that the
privileges are needed for the public use.
and that the street shall be OF a greater
public use with tho privileges granted.
/ Revocation OF n privilege by the city must
also have the approval Of the Public Ser
vice Commission.