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Current as of January 01, 2024 | Updated by FindLaw Staff
On the hearing of the application, and upon notice, the parties in interest shall be heard by the said board, and if in its opinion the use of the bridge by the street railway or traction company is a public necessity, it shall by order:
a. Direct the company to lay its tracks, wires and appurtenances on the bridge and to operate its cars thereon;
b. Fix the period of years that the company shall use the bridge as aforesaid without further order or modification, which period of use shall be for no longer than the period for which the company is entitled to use its tracks on either side of the bridge and in any event for no longer than the period limited by law for the granting of franchises, at the termination of which period so fixed all rights of the company, its successors and assigns, shall cease; and
c. Fix the annual compensation, if any, to be paid by the company to the municipality operating, owning or controlling the bridge.
Cite this article: FindLaw.com - New Jersey Statutes Title 48. Public Utilities 48 § 15-53 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-48-public-utilities/nj-st-sect-48-15-53/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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