The sun., 1912-07-09
Pl'RliC NOTICES.
PuBtiC NOTICE.
BOARD or ESTIMATE AND ApPoRTtoN-
MENT. CITY OF NEW YORK

PUBLIC NOTICE - HEREBY GIVEN
that at the meeting Of the Board Of Es,i-
mate and Appor,ionmen; held this day the
following resolutions were adopted:
rtansi, Railway Company has, under date
hoard Tor the grant of TIC right. privilege
and franchise to construct. maintain and
road tracks. one over and across Nicholas
avenue and the ',acr over and across Or1n-
iie avenue. in the Third Ward. Borough OF
wHEREAs sections &c - and :. Of the
.a.r Ss| s, YORK sac Ghsr'er u, S as amended by
provide for tho manner and procedure OF
maxim. such grants; and
this Board adopted "A resolution on April rs.
1912 asing the ds!c for public bearing
publication wa. ma tor a, iea., two q,
Press" newspaper. dcsisns,.d by The @ Mayor.
and in tho ciiy Record for ten 90, days
.ns Iss pTs s.ssnu TO n. va: s svy Si Sss o.
wHEhExs.. Tint. Board h.. M made INQUIRY
,sai III: .pSts s. r.. and RssSs':TS S Ta s s .rs
pen.siion proposed to be paid therefor;
nog sh, ,hsrsfcre' vsn !, I: ~, ,,,,. ,,,u =,
the fssoiu,ion for II. as sr.rs Of .hs trsnshlss
rr % ,s ssh, spS,'sss for BY Ths Staten leland
cf such franchise or right. be hereby intro
duced and entered in the minutes Of this
'0''o R:so,Ssd . ,:oTi That ,ks Board o, E.,lms,.
and Appor,ionm.nt hereby grant. 20 The
compkny in the frsnHsS,.c "H's ' or rish, An f@iiy
set out and described In the following
thereof embodyins ali the terms and
conditions Including the provisions as
,:i?sa: sSd ,hs, the Mayor q The CITY
ss ns%. sn% a"a SSSsh Ssh.f S'S n" 'G" the
rR3rosEn ny 81 Me~ FORM & s or '',!eS' c%Srn%cT ,GE
THIS CONTRACT. made this day Of
YORK ' ss :Gs s.s% 'as s. cS Gy 81
party OF the nrst part by the Mayor of
1 :d Cy sesnr nor ana IN the 81 am %, sad
ny Of the Bosrd Of Estimate and Appor. :.
,ionmen, Of said City lhereinsf,cr called
called the Company. party of the second
In consideration OF the mutual covenants
and agreements herein contained the parties
hereto do hereby covenant and agree as fol-
Section !. TIL. City hereby srants to the
visions hereinafter set forth. ;he risht and
privilege to construct. maintain and op-
"a, An additional or third track siding
across and upon Nicholas avenue. In the
Third Ward. Borough Of Richmond. begin
Company approximately 80 fee, east Of the
casterly line Of said Nicholas avenue. and
sdditionai track: thence westerly upon pom and
along said rish,- way TO point approx
ssa Sc @ o' .n@ ,@' hers %SS He
inG with an existing third or additional
track: said third or additional track TO b.
prrsen, track Of the Company crossing Nich-
olas avenue. All as shown upon a map en-
Map Showing Proposed Third Traci::
M,Ts srS,' dSnS.S SSsS! =, aran, in tn. Third
Ne. York. 10 Accompany The Petition
Of The staten Island Rspid Transi, Rail,
and sighed sighed ." by q. {. % Rent. % Gicc Fre-iden, M
, and W b RedErsve; Engineer Maintenance
and made a par, hereof
,b' An additional or third track sidinE
point on the risht-ct-way of the Com
sastery line Of ssid Granite avenue. and
here connecting With An existing third o,
Hns Of wss to .nd
| iInateiy so feet east OF the cestcriy line OF
nsy ArsnsH SAID tnIa or sId,iona ra;s
Ing Granite avenue. All as shown upon 4
.c,N. Msp nsH snsTns rrspo:ed r1sa 4sa T5as,
N.. YORK 20 Accompany The re,i,ior
o. The Staten Island Rapid Transi
and .Appcrtionm.n,. Dated April 20
and sy H.dsrsv. Ea:n.f sT
OF Way. a copy of which is attached hereto
and made a par, hereof
.as,.e: 10 the iolio%ins eona!,ion.. @ ~hici
shall be complied with BY the COMPANY:
First--The said right 20 construct. main
\ tain and operate said railroad tracks shal
be held and enjoyed by the Company from
N. date on which 'hi. son,rss, Is signs.
| With the privilege Of renewal Of said con
| n the Company shall determine 20 exer
When shalt be su,hoTiled M by law @ to 'f aet 10
| cation shall be made at any time no, esriie
nan Two ,,o- i year. ana no, ",.r than ON
nal term Of th,. con,ract, The determine
tion of the revaluaion shall be sufficient
AZ 10 IN su, N ns sy the ~" "n
| ra;e of compensation 10 the city be Axe,
2, less amount than the sum reoured t
| termination OF the original term of this con
| ~ the Company and IN. Board shall no
roach such agreement oa or before the da
one -, year before he expiration % III
nuai rate Of compensation for such succeed
! ing twenty-five ts5J wears shall be reasona
BILE, ami either the CITY Thy the Foard) o
! the company shall be bound upon reaues
% the other to enter into written agree
| men' with each other fNing the rate Of sue
| compensation al such amoun, as shall h
| reasonable. hut In no case shall the annua
| rate so hAed he less than the sum require
! 20 h" paid FOR the last year prior TO tn
termination Of the original term Of this con
tract. and II the parties shall no. forthwit
nsr"e upon what "a reasonable, then the par
| ties shall enter Into a written agreemen
rxi1g such annual rate aud Al such smouu
fr'enoiders selected in the following man
ner:
One dis,n,crested srechoider shall b
chosen by the hoard; one disinterested free
holder shall be chosen by the Company
these two shall choose a third disintereste
freeholder, and the three so chosen sha
act as APPRAISERS and shall make the revn
uation aforesaid. such appraisers shall
expiration o! this original contract, an
their report shall be filed with the Boar
within three 90 months after they ar
chosen. They shall act as appraisers an
judgment upon their own expc; .vnce an
upon such Information as they may obtai
by Inquiries and investigation, without III
presence of either party. They shall hay
Company and i'a officers under oath. Th
valuation ascertained. nxed and deter
mined shall h" conclusive upon both pal
Ties, but no annual sum shall in any ever
for the last year OF the original term
this contract. If In any case the annu;
rate shal no, h. nxed prior 20 the term
| nation of The original term OF this contrac
snail 10" determined, and shall then mah
up 10 to ne y "my The amoun, & OF nny exec. zee.