Page images
PDF
EPUB

Common car-
riers, on
approval of
P. S. C.
may issue

stocks and evidences of debt payable in more than

12 months.

STOCK, BONDS AND OTHER EVIDENCE OF INDEBTEDNESS A common carrier, railroad corporation or street railroad corporation organized or existing in the state of New York, may, with the consent of the proper Public Service Commission, issue stocks, bonds, notes or other evidence of indebtedness payable at periods of more than 12 months after the date thereof, when necessary for the acquisition of property, the construction, completion, extension or improvement of its facilities, or for the improvement or maintenance of its service or for the discharge or lawful refunding of its obligations or for the reimbursement of moneys actually expended from income, or from any other moneys in the treasury of the corporation not secured by or obtained from the issue of stocks, bonds, notes or other evidence of indebtedness of such corporation, within five years next prior to the filing of an application with the proper commission for the required authorization, for any of the aforesaid purposes except maintenance of service and except replacement; but this provision shall not apply to any lawful issue of stock, to the lawful execution and delivery of any mortgage or to the lawful issue of bonds thereunder, which shall have been duly approved by the Board of Railroad Commissioners before July 1, 1907. Nothing herein contained shall prohibit the commission from giving its consent to the issue of bonds, notes or other evidence of indebtedness for the reimbursement of moneys heretofore actually expended from income for any of the aforesaid purposes, except maintenance of service and replacements, prior to five years next preceding the filing of an application therefor, if in the judgment of the commission such consent should be granted. Such common carrier, railroad corporation or street railroad able in less corporation may issue notes, for proper corporate purposes and not in

Notes pay

than 12

months

without consent.

Franchise

not to be capitalized.

Restriction on capital stock.

violation of any provision of this chapter or any other act, payable at periods of not more than 12 months without such consent, but no such notes shall, in whole or in part, directly or indirectly be refunded, by any issue of stock or bonds or by any evidence of indebtedness running for more than 12 months without the consent of the proper commission; provided, however, that the commission shall have no power to authorize the capitalization of any franchise to be a corporation or io authorize the capitalization of any franchise or the right to own, operate or enjoy any franchise whatsoever in excess of the amount (exclusive of any tax or annual charge) actually paid to the state or to a political subdivision thereof as the consideration for the grant of such franchise or right; nor shall the capital stock of a corporation formed by the merger or consolidation of two or more other corporations, exceed the sum of the capital stock of the corporations so consolidated, at the par value thereof, or such sum and any additional sum actually paid in cash; nor shall any contract for consolidation or lease be capitalized in the stock of any corporation whatever; nor shall any corporation hereafter issue any bonds against or as a lien upon any contract for consolidation or merger. Whenever it shall happen that any railroad corporation shall own or operate its lines in both districts it shall, under this

section, apply to the commission of the second district; 1907, ch. 429, Bec. 55.

Upon all reorganizations the amount of capitalization, including By reorganized company. therein all stocks and bonds and other evidence of indebtedness, shall be such as is authorized by the commission which, in making its deter- Approval of P. S. C. mination, shall not exceed the fair value of the property involved, taking into consideration its original cost of construction, duplication cost, present condition, earning power at reasonable rates and all other relevant matters and any additional sum or sums as shall be actually paid in cash, provided, however, that the commission may make due allowance for discount of bonds; 1912, ch. 289, sec. 1, constituting section 55a of the Public Service Commissions Law.

USE OF TRACKS OF OTHER COMPANY

(See also Lease, Transfer or Agreement)

Street surface railroad.

Except for necessary crossings, no street surface railroad company Joint occushall construct, extend or operate its road in that portion of any street pation. in which a street surface railroad is lawfully constructed, except with the consent of the other company; provided that any two or more companies may unite and use each other's tracks for a distance not exceeding 1,000 feet, whenever the court shall be satisfied that such use is necessary and for the public convenience to connect main portions of To, connect a line to be constructed as an independent railroad; 1884, ch. 252, sec. tions of a 14; same, 1890, ch. 565, sec. 102, and 1910, ch. 481, sec. 183.

main por

line.

Made also to apply to the use of tracks of a railroad for 1,000 feet To connect with a ferry. when such use is necessary to connect such independent railroad with a ferry; 1892, ch. 306, sec. 2; same, 1910, ch. 481, sec. 183.

or car house.

Any railroad corporation in the state whose cars are operated by To connect horses or other motive power upon the surface of the street, except in with a depot New York County, may for the purpose of connecting with a depot or car house, intersect and use, for not exceeding 500 feet, the tracks of any other railroad corporation upon payment as agreed or upon failure to agree upon payment determined in a manner provided for by the Condemnation Law; 1890, ch. 565, sec. 97; same, 1910, ch. 481, sec. 177. Rapid transit railroad.

Any rapid transit railroad corporation may cross, intersect, join and Junction unite its railroad with any other railroad before constructed at any points. point on its route and upon the grounds of such other railroad company with the necessary turnouts, sidings and switches and other conveniences, and if the two corporations cannot agree upon the amount of compensation or the points and manner of such crossings and connections, they shall be ascertained by commissioners appointed in a manner provided for acquiring title to real estate; 1875, ch. 606, sec. 26, subd. 3.

OPERATED RAILROADS OF GREATER NEW YORK

List of Companies whose properties were operated January 1, 1914; distinguishing succession by change of name, by foreclosure and by merger, and operation under lease or under operating agreement, with a numerical reference to the successor and operating companies

[graphic]
[graphic]
[merged small][merged small][merged small][ocr errors][merged small][merged small][merged small]

ment.

number

Chart section

and

The Astoria and Hunter's Point Railroad Co. (1). F.
Astoria and Hunter's Point Rail Road Co. (2).. F.
The Atlantic Avenue Railroad Co. of Brooklyn... M. 390
Avenue C Railroad Company.

2

III-12

647

III-14

IV-45

F. 279

I-16

Bath and Coney Island Bridge Company
Belt Line Railway Corporation...

M. 64

390

IV-34

[ocr errors]

self operating

1-24

Bleecker Street and Fulton Ferry R. Co.
Bridge Operating Company..

[merged small][merged small][merged small][ocr errors]

27 The Broadway and Bowery Bay Railroad Co... 29 The Broadway and Seventh Avenue Railroad Co.. 32 Broadway Ferry and Met. Avenue R. Co...

35 The Broadway Rail Road Company of Brooklyn. 36 The Broadway Railway Company..

37 The Broadway Surface Railroad Company 41 The Bronx Traction Company.

43 Brooklyn and Brighton Beach Railroad Co 45 Brooklyn and Canarsie Railroad Co....

[blocks in formation]
[ocr errors]
[ocr errors]
[blocks in formation]
[ocr errors]
[blocks in formation]
[ocr errors]
[blocks in formation]
[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small]

65 | Bklyn, Bath and Coney Island Railroad Co. (2).......{ F. Brooklyn, Bath and West End R. Co.....

66

390

IV-40

M.

6

390

IV-42

[blocks in formation]
[graphic]
[blocks in formation]

ment.

72

75

77

78

81

82

88

90

93

99

104

106

113

117

118

119

122

123

127

128

132

136

140

146

153

154

164

166

178

194

198

207

209

The Brooklyn Cable Company.

74 Brooklyn Central and Jamaica R. Co...

The Brooklyn Central Rail Road Company.
The Brooklyn City and Newtown Rail Road Co...
The Brooklyn City and Ridgewood Rail Road Co.
The Bklyn City, Hunter's Pt. and Pros. Pk. R. Co.
The Brooklyn City Rail Road Company.
84 Brooklyn Crosstown Railroad Company.
87 Brooklyn Elevated Railroad Company.
Brooklyn Elevated Railway Company.
Brooklyn Elevated, Silent, Safety Ry. Co..
Brooklyn, Flatbush and Coney Island Ry. Co..
The Brooklyn Heights Railroad Company.
The Bklyn, Prospect Pk. and Flatbush R. R. Co..
Brooklyn, Queens County and Suburban R. Co........
Brooklyn Union Elevated Railroad Company.
Brooklyn, Winfield and Newtown Railway Co.
Bush Terminal Railroad Company.
The Bushwick Railroad Company.
Calvary Cemetery, Greenpt. and Bklyn. R. R. Co. M.
Canarsie Railroad Company.

112

144

147

148

[ocr errors][ocr errors]

The Central Crosstown R. Co. of New York.
The Central Pk., North and East River R. Co...
The Central Railroad Co. of Long Island...

Chambers Street and Grand Street Ferry R. Co...
Christopher and Tenth Street Rail Road Co.....
City Island Railroad Company.

Columbus & Ninth Avenue Railroad Company.
The Coney Island and Brooklyn Rail Road Co........
The Coney Island & East River Railway Co....
Coney Island and Gravesend Railway Company.
The Coney Island Elevated Railway Co.
The Coney Is. Fort Hamilton and Brooklyn R. Co
DeKalb Avenue & North Beach Railroad Co...
The Dry Dock, East B'way and Battery R. R. Co.
East New York and Jamaica Railroad Co.....
Eighth Avenue Railroad Company

[ocr errors][merged small]
[merged small][subsumed][subsumed][merged small][subsumed][subsumed][merged small][merged small][subsumed][subsumed][ocr errors][merged small][subsumed][subsumed][merged small][merged small][subsumed][subsumed][merged small][merged small][subsumed][subsumed][merged small][merged small][ocr errors][ocr errors][merged small][merged small][subsumed][subsumed][subsumed][subsumed][ocr errors][merged small][merged small][subsumed][subsumed][ocr errors][ocr errors][merged small][subsumed][subsumed][ocr errors][merged small][merged small][subsumed][subsumed][merged small][subsumed][subsumed][merged small][subsumed][merged small][merged small][subsumed][subsumed][merged small][subsumed][merged small][subsumed][subsumed][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]
[ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]

L. 373

[blocks in formation]

M. 622

[blocks in formation]

M. 93

[blocks in formation]

M. 441

[blocks in formation]

212

The Flushing and College Point Street R. Co....

F. 209

[blocks in formation]
[ocr errors]
[graphic]
[blocks in formation]
[blocks in formation]
[blocks in formation]
[blocks in formation]
[blocks in formation]

217

218

The Flushing, North Shore & Central R. Co.... F.
The Flushing Railroad Company .

[blocks in formation]
[blocks in formation]

227

229

246

247

248

253

254

256

263

268

279

281

282

285

286

287

288

The 42nd Street and Grand Street Ferry R. Co..
The 42nd St., Manhv. & St. Nicholas Ave. Ry. Co.
231 The Franklin Avenue Railroad Company.
234 The Fulton Elevated Railway Company.
242 The Gilbert Elevated Railway Company..
243 Glendale and East River Railroad Company.
The Grand Street and Newtown Railroad Co....
The Grand St. Ferry and Middle Village R. R. Co.
The Grand St., Prospect Park and Flatb. R. R. Co
Greenpoint and Lorimer Street Rail Road Co...
The Greenpoint and Williamsburgh R. Co....
Greenwood and Coney Island Railroad Co..
Harlem Bridge, Morrisania and Fordham Ry. Co.
The Harlem River & Port Chester Rail Road Co.
Houston, West St. and Pavonia Ferry R. R. Co..
Hudson and Manhattan Railroad Company..
Hudson & Manhattan Railroad Company.
The Hudson River Railroad Company.
The Hudson Tunnel Railroad Company
Hudson Tunnel Rail-Road Company..
The Hudson Tunnel Railroad Company.

[subsumed][subsumed][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][ocr errors]

289

290

291

The Hudson Tunnel Railroad Co. of New York. M. 291
The Hudson Tunnel Railway Company.
Hudson Tunnel Railway Company.

[merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small]

294

298

301

302

303

Hunter's Point and South Side Railroad Co..
Interborough Rapid Transit Company..
Jackson and Steinway Avenue R. Co. of L. I. C. M. 647 441
"the Jamaica and Brooklyn plank road Company" M. 303
Jamaica and Brooklyn Road Company.

[merged small][merged small][merged small][ocr errors][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors]
[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small]

The Kings County Central Railroad Company... L. 459 317 Kings County Electric Railway Company. 318 Kings County Elevated Railroad Company.

341

V-7

[merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small]

The Kings County Elevated Railway Company.. F. 318
Lexington Avenue and Pavonia Ferry R. Co..... M. 373

482

IV-70

502

I-2

« PreviousContinue »