§ 173-g. Approval of permit or amendment by commissioner of transportation. No terminable permit and no amendment to any existing license, grant, franchise, permit or consent incorporating therein the provisions of a terminable permit, shall become operative or effective until it shall have been approved by the commissioner of transportation. The commissioner of transportation shall have power to approve any such terminable permit or amendment, and, upon approval by him, every such terminable permit or amendment shall be valid and binding as between the parties thereto as of, from and on the day of the date of the execution thereof, in all respects and for all purposes therein expressed.

Terms Used In N.Y. Railroad Law 173-G

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • terminable permit: as used in this article shall mean and embrace every grant from a city, town or village of power, right or privilege to occupy or use any of the streets, roads, highways, avenues, parks or public places of such city, town or village for the construction and operation of a street surface railroad, until such time as the city, town or village shall exercise its right to purchase the property, plant and equipment of such street surface railroad in accordance with the provisions of sections one hundred and seventy-three-a to one hundred and seventy-three-h, both inclusive, of this article, or until it shall be otherwise terminated according to law. See N.Y. Railroad Law 173-A
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