1. Whenever any person, persons, association, company or corporation shall apply to the proper authorities of any town in this state for a franchise to construct and operate a street railway within the limits of such town, the authorities, whether a board of town trustees, county commissioners or supervisors, shall advertise the proposed franchise, in full, offering the same for sale to the highest responsible bidder.
2. The advertisement of the franchise shall be published for a period of not less than 90 days, and no privilege shall be conveyed or granted by the town authorities to any successful bidder, unless the same privilege shall have appeared in full in the advertisement for bids as an essential part thereof.
3. Besides the essential part and all features of the proposed franchise, the advertisement shall:
(a) Contain a statement naming the day upon which all bids for the franchise will be opened.
(b) State in detail and specifically the street or streets over and through which the proposed street railway is to run, so that the entire course and extent thereof shall be clearly shown.
4. No franchise shall be given or issued which has not been so specifically and fully described and advertised.
[2:63:1901; RL § 2122; NCL § 3176]
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