§ 71. Powers. Any such corporation shall have power to take by grant or by assignment a franchise or right to establish and operate a ferry or ferries, as specified in the certificate of incorporation, subject to the rights of any person, or municipal or other corporation.
In any case when an application is made to the local governing body of a county without the city of New York for a grant such local governing body is authorized to make such grant if a public necessity therefor is shown. Whenever it is shown to such local governing body upon an application for a grant that the tangible property of a ferry corporation, employed or to be employed in the exercise of a ferry franchise or right, is of the value of at least ten thousand dollars, such local governing body may grant such franchise or right for a period not exceeding fifteen years.
A ferry corporation, now enjoying a grant from a county court or such local governing body for a shorter period, shall be entitled to an extension thereof for a period not exceeding fifteen years from the time of granting such extension, on application and due proof to the local governing body of a county that its tangible property, employed in the exercise of such ferry franchise or right, is of the value of at least ten thousand dollars.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.