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Rapid Transit ACT; Laws 1891, Chapter 4, an ACT to Provide for Rapid Transit Railways in Cities of Over One Million Inhabitants

Rapid Transit ACT; Laws 1891, Chapter 4, an ACT to Provide for Rapid Transit Railways in Cities of Over One Million Inhabitants


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 Excerpt: ...as aforesaid. 27-0 Such contract shall also state the date on which the operation of the road, or any section thereof, shall commence. 7. In case the title to the equipment of said road shall not be vested in the city, the city in and for which said road shall be constructed shall also have a first lien upon the rolling stock and other property of said contracting person, firm or corporation, constituting the equipment of said road and used or intended for use in the maintenance and operation of the same, as further security for the faithful performance by such contracting person, firm or corporation of the covenant, conditions and agreements of said contract, on his, their or its part to be fulfilled and performed, and in case of the breach of any such covenant, condition and agreement said lien shall be subject to foreclosure by action, at the suit of such city, in the same manner, as far as may be, as is then provided by law in the case of foreclosure by action of mortgages on real estate. The commission may, however, from time to time, relieve from such lien, any of the property to which the same may attach, upon receiving additional security, which may be deemed by said commission to be the equivalent of that which it is proposed to release and otherwise upon such terms as to such commission shall seem just. 8. The said contract shall further provide that in case of the failure or neglect on the part of said contracting person, firm or corporation, after such notice as the contract may prescribe, faithfully to observe, keep and fulfill the conditions, obligations and requirements of said contract, the said city, by the public service commission, may either terminate the contract or take possession of said road and the equipment thereof, and as the agen...


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Product Details
  • ISBN-13: 9781154182255
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 56
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1154182258
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 118 gr


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Rapid Transit ACT; Laws 1891, Chapter 4, an ACT to Provide for Rapid Transit Railways in Cities of Over One Million Inhabitants
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