. The street railway review . CHISE LAW IN CALIFORNIA. A bill is pending in the California legislature providing for thesale of franchises by municipalities and the minimum compensationis fixed at 3 per cent of the gross receipts, but in the event that thefranchise is for a branch line or extension of a street railway, thegross receipts are deemed to be the receipts from passengers gettingon the cars on such branch lines or extensions. No governingbody shall offer or advertise the renewal of any franchise until with-in one year of its expiration, unless previously surrendered by theoperating c
. The street railway review . CHISE LAW IN CALIFORNIA. A bill is pending in the California legislature providing for thesale of franchises by municipalities and the minimum compensationis fixed at 3 per cent of the gross receipts, but in the event that thefranchise is for a branch line or extension of a street railway, thegross receipts are deemed to be the receipts from passengers gettingon the cars on such branch lines or extensions. No governingbody shall offer or advertise the renewal of any franchise until with-in one year of its expiration, unless previously surrendered by theoperating company and accepted by the municipality. Should thebill pass the 3-per cent clause cannot fail to greatly delay the pro-posed construction of new roads, especially in the smaller cities. ♦ « » Chester W. Chapin. receiver of the Consumers Electric Light &Street Railroad Company, of Tampa. Fla., has a large force at workrestoring the dam which was destroyed by dynamite some monthsago. 184 ^t)ild%ilv\4n5^\lcv/ ^ ■^^^^^.
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Keywords: ., book, bookcentury1800, bookdecade1890, booksubjectstreetrailroads
