State Codes and Statutes

Statutes > New-york > Gct > Article-2-a > 20-d

§ 20-d. Alternative   procedure   for   acquisition  of  certain  real  property, personal property  and  franchises  of  omnibus  lines  within  cities   having  a  population  of  one  million  or  more  inhabitants.  Notwithstanding any other provision of law, general, special  or  local,  cities  with  a population of one million or more inhabitants shall have  the additional power to acquire by  acquisition  any  property  and  the  franchises of any person, firm or corporation situated within such city,  used  and  usable  in  the operation of omnibus lines which are entirely  within and do not  extend  beyond  the  boundaries  of  such  city,  the  immediate  acquisition of which property and franchises is determined by  the board of estimate or other appropriate governing body of  such  city  to be necessary to serve the public convenience through the provision of  adequate  omnibus  transportation,  notwithstanding  the  fact that such  property and franchises were or are devoted to a public  use.  The  term  "property"  as  used  in  this  subdivision is defined to include lands,  waters, rights in lands or waters, structures, franchises and  interests  in  land,  including  lands under water and riparian rights, and any and  all other things and rights usually included within the  said  term  and  includes  also  any  and  all  interests in such property less than full  title, such as easements permanent or  temporary,  rights-of-way,  uses,  leases,  licenses  and  all  other  incorporeal  hereditaments and every  estate, interest or right legal or  equitable,  and  omnibuses,  rolling  stock  and  any  other form of real or personal property. Acquisition of  such property shall be in accordance with the provisions of the  eminent  domain procedure law.    Notwithstanding the provisions of any general, special or local law to  the  contrary,  such  city  may  authorize,  issue and sell obligations,  pursuant to  the  local  finance  law,  to  pay  for  the  cost  of  any  acquisition  or  acquisitions  of  such  property used and usable in the  operation of omnibus lines provided, however, that no  such  obligations  shall be authorized, issued, sold or refunded after September thirtieth,  nineteen  hundred sixty-three. The maximum period of probable usefulness  for each such object or purpose for  which  obligations  may  be  issued  hereunder is hereby determined to be as follows:    a. The acquisition of real property, thirty years.    b. The acquisition of omnibuses and other necessary personal property,  five years.    c. The acquisition of franchises, five years.    The  provisions of this section constitute an alternative procedure to  the procedure set forth in subdivision two of  section  twenty  of  this  chapter  and  any  city  having  a  population  of  one  million or more  inhabitants may proceed under the authority of this section or  of  such  subdivision two of section twenty.

State Codes and Statutes

Statutes > New-york > Gct > Article-2-a > 20-d

§ 20-d. Alternative   procedure   for   acquisition  of  certain  real  property, personal property  and  franchises  of  omnibus  lines  within  cities   having  a  population  of  one  million  or  more  inhabitants.  Notwithstanding any other provision of law, general, special  or  local,  cities  with  a population of one million or more inhabitants shall have  the additional power to acquire by  acquisition  any  property  and  the  franchises of any person, firm or corporation situated within such city,  used  and  usable  in  the operation of omnibus lines which are entirely  within and do not  extend  beyond  the  boundaries  of  such  city,  the  immediate  acquisition of which property and franchises is determined by  the board of estimate or other appropriate governing body of  such  city  to be necessary to serve the public convenience through the provision of  adequate  omnibus  transportation,  notwithstanding  the  fact that such  property and franchises were or are devoted to a public  use.  The  term  "property"  as  used  in  this  subdivision is defined to include lands,  waters, rights in lands or waters, structures, franchises and  interests  in  land,  including  lands under water and riparian rights, and any and  all other things and rights usually included within the  said  term  and  includes  also  any  and  all  interests in such property less than full  title, such as easements permanent or  temporary,  rights-of-way,  uses,  leases,  licenses  and  all  other  incorporeal  hereditaments and every  estate, interest or right legal or  equitable,  and  omnibuses,  rolling  stock  and  any  other form of real or personal property. Acquisition of  such property shall be in accordance with the provisions of the  eminent  domain procedure law.    Notwithstanding the provisions of any general, special or local law to  the  contrary,  such  city  may  authorize,  issue and sell obligations,  pursuant to  the  local  finance  law,  to  pay  for  the  cost  of  any  acquisition  or  acquisitions  of  such  property used and usable in the  operation of omnibus lines provided, however, that no  such  obligations  shall be authorized, issued, sold or refunded after September thirtieth,  nineteen  hundred sixty-three. The maximum period of probable usefulness  for each such object or purpose for  which  obligations  may  be  issued  hereunder is hereby determined to be as follows:    a. The acquisition of real property, thirty years.    b. The acquisition of omnibuses and other necessary personal property,  five years.    c. The acquisition of franchises, five years.    The  provisions of this section constitute an alternative procedure to  the procedure set forth in subdivision two of  section  twenty  of  this  chapter  and  any  city  having  a  population  of  one  million or more  inhabitants may proceed under the authority of this section or  of  such  subdivision two of section twenty.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Gct > Article-2-a > 20-d

§ 20-d. Alternative   procedure   for   acquisition  of  certain  real  property, personal property  and  franchises  of  omnibus  lines  within  cities   having  a  population  of  one  million  or  more  inhabitants.  Notwithstanding any other provision of law, general, special  or  local,  cities  with  a population of one million or more inhabitants shall have  the additional power to acquire by  acquisition  any  property  and  the  franchises of any person, firm or corporation situated within such city,  used  and  usable  in  the operation of omnibus lines which are entirely  within and do not  extend  beyond  the  boundaries  of  such  city,  the  immediate  acquisition of which property and franchises is determined by  the board of estimate or other appropriate governing body of  such  city  to be necessary to serve the public convenience through the provision of  adequate  omnibus  transportation,  notwithstanding  the  fact that such  property and franchises were or are devoted to a public  use.  The  term  "property"  as  used  in  this  subdivision is defined to include lands,  waters, rights in lands or waters, structures, franchises and  interests  in  land,  including  lands under water and riparian rights, and any and  all other things and rights usually included within the  said  term  and  includes  also  any  and  all  interests in such property less than full  title, such as easements permanent or  temporary,  rights-of-way,  uses,  leases,  licenses  and  all  other  incorporeal  hereditaments and every  estate, interest or right legal or  equitable,  and  omnibuses,  rolling  stock  and  any  other form of real or personal property. Acquisition of  such property shall be in accordance with the provisions of the  eminent  domain procedure law.    Notwithstanding the provisions of any general, special or local law to  the  contrary,  such  city  may  authorize,  issue and sell obligations,  pursuant to  the  local  finance  law,  to  pay  for  the  cost  of  any  acquisition  or  acquisitions  of  such  property used and usable in the  operation of omnibus lines provided, however, that no  such  obligations  shall be authorized, issued, sold or refunded after September thirtieth,  nineteen  hundred sixty-three. The maximum period of probable usefulness  for each such object or purpose for  which  obligations  may  be  issued  hereunder is hereby determined to be as follows:    a. The acquisition of real property, thirty years.    b. The acquisition of omnibuses and other necessary personal property,  five years.    c. The acquisition of franchises, five years.    The  provisions of this section constitute an alternative procedure to  the procedure set forth in subdivision two of  section  twenty  of  this  chapter  and  any  city  having  a  population  of  one  million or more  inhabitants may proceed under the authority of this section or  of  such  subdivision two of section twenty.