§ 203. Expense of construction and operation. Whenever any railroad shall be constructed, equipped or operated under section two hundred and one, the expense of such construction, and in case said railroad shall be equipped and operated by such city, the expense of such equipment and operation shall be paid by the municipal corporation within which such railroad is situate, in the same manner as the other expenses of such municipal corporation are paid and provided for.

Terms Used In N.Y. Railroad Law 203

  • 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.
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