§ 23166. To lease said lines to persons or corporations
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 53 P.S. Municipal and Quasi-Municipal Corporations
53 P.S. § 23166
§ 23166. To lease said lines to persons or corporations
Said municipal corporations are hereby empowered and authorized to lease said tracks and equipment to other persons or corporations authorized by law to maintain and operate street passenger railways, upon such terms and conditions as may be agreed upon: Provided, however, That the amount of the annual rental to be paid therefor shall in no case be less than an amount sufficient to pay all annual maintenance and renewal charges on account of said construction, and, in addition thereto, not less than six per centum per annum interest upon the cost of the construction of said tracks and equipment.
Credits
1915, March 31, P.L. 37, § 2.
53 P.S. § 23166, PA ST 53 P.S. § 23166
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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