A Treatise On the Law Relating to Private Corporations in Pennsylvania
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STREET RAILWAY AND TRACTION COMPANIES. I245 1609. Leases and Consolidations of Street Bailway Companies." Sec. 4 of Art. XVII of the Constitution of 1874, forbidding the consolidation or leasing or control of parallel or competing lines by railroad, canal or other corporations, does not apply to street railway companies.^* The Act of February 17, 1870, P. L., 81, giving to railroad companies the right to lease their property and franchises, ap- plies to street passenger railway companies as wel...l as to steam railroad companies.^s The said Act of 1870 requires that a railroad company leasing another line shall have continuous connection between its own line and that leased. A traction company having no lines of its own leased that of a street railway. Held, that only the State could question the validity of the lease.^® The Acts of 1861, P. L., 419, and 1870, P. L., 31, apply to street railways, but they permit the leasing of franchises only if the roads of the companies so leasing or leased, are connected with each other, either directly or by means of intervening lines.
What to read after A Treatise On the Law Relating to Private Corporations in Pennsylvania?
You can find similar books in the "Read Also" column, or choose other free books by Eastman, Frank Marshall to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
STREET RAILWAY AND TRACTION COMPANIES. I245 1609. Leases and Consolidations of Street Bailway Companies." Sec. 4 of Art. XVII of the Constitution of 1874, forbidding the consolidation or leasing or control of parallel or competing lines by railroad, canal or other corporations, does not apply to street railway companies.^* The Act of February 17, 1870, P. L., 81, giving to railroad companies the right to lease their property and franchises, ap- plies to street passenger railway companies as wel...l as to steam railroad companies.^s The said Act of 1870 requires that a railroad company leasing another line shall have continuous connection between its own line and that leased. A traction company having no lines of its own leased that of a street railway. Held, that only the State could question the validity of the lease.^® The Acts of 1861, P. L., 419, and 1870, P. L., 31, apply to street railways, but they permit the leasing of franchises only if the roads of the companies so leasing or leased, are connected with each other, either directly or by means of intervening lines.
What to read after A Treatise On the Law Relating to Private Corporations in Pennsylvania?
You can find similar books in the "Read Also" column, or choose other free books by Eastman, Frank Marshall to read onlineMoreLess
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