§ 3. Incorporation. (a) A transportation corporation may be formed under this chapter, in accordance with the procedure for the formation of corporations set forth in Article 4 of the business corporation law, by delivering to the department of state for filing a certificate of incorporation entitled "Certificate of incorporation of . . . (name of corporation) pursuant to § 3 of the transportation corporations law".

Terms Used In N.Y. Transportation Corporations Law 3

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(b) In addition to the statements prescribed by § 402 of the business corporation law, a certificate of incorporation of a transportation corporation shall designate the particular kind of transportation corporation to be formed, and shall state:

1. If a gas corporation, an electric corporation, or a gas and electric corporation, the county or counties in which its operations are to be carried on;

2. If a telegraph corporation, a telephone corporation, or a telegraph and telephone corporation, the territory in which its operations are to be carried on;

3. If a water-works corporation, the cities, towns and villages to be supplied with water, and that the consent of the authorities of such cities, towns and villages required by this chapter has been obtained, and that such consent has been annexed thereto;

5. If a ferry corporation, the places from and to which the ferry is to run;

6. If a pipe line corporation, the places from and to which the pipe line is to be maintained, as nearly as practicable, and the county or counties through which or in which it is to be maintained and operated;

7. If a freight terminal corporation, the limits of the locality in which its operations are to be carried on;

8. If a district steam corporation, the cities, towns and villages to be supplied with steam and that the consent of the authorities of such cities, towns and villages required by this chapter has been obtained, and that such consent has been annexed thereto.