§ 88. Over Indian reservations. Such corporations may contract with the chiefs of any nation of Indians over whose lands it may be necessary to construct its pipe line for the right to construct the same upon such lands, but no such contract shall vest in the corporation the fee of such lands, nor the right to occupy the same for any purpose other than for the construction, operation and maintenance of such pipe line, nor shall such contract be valid or effectual until the same has been ratified by the county court of the county in which the lands are situated.

Terms Used In N.Y. Transportation Corporations Law 88

  • Contract: A legal written agreement that becomes binding when signed.
  • 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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