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Current as of January 01, 2024 | Updated by Findlaw Staff
4. Said commission is hereby authorized and empowered to enter into leases, contracts or agreements, upon such terms as may be deemed advisable for the establishment, maintenance, and operation of a railroad system, and for the maintenance and operation of railroad trains, street passenger railway cars, or other means of transportation upon the rail system through said subway and connecting with the rail system upon the present bridge structure and approaches thereto. In its discretion, said commission may, in its own name, establish, maintain, and operate said railway system or a part thereof. The revenue derived therefrom shall become a part of the revenue obtained from the operation of said bridge, and the cost of maintenance and operation shall be considered as a part of the cost of maintenance and operation of said bridge, and the net revenue, after the cost of operation and maintenance is paid, shall become a part of the net revenue derived from the operation of said bridge and shall be disbursed in the manner now or hereafter provided by law. The cost of the subway construction and work incidental thereto, and the transportation system, shall be deemed a part of the cost of said bridge and shall be repaid to the state of New Jersey, together with any and all interest charges.
Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 32 § 5-1(4) - last updated January 01, 2024 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-32-5-1-4/
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