Central Trust Co. v. Third Ave. R.

Citations

• 165 F. 494
• 1908 U.S. App. LEXIS 5402

Syllabus

<p>1. Carriers (§ 12*) — Receivers—Administration of Troferty — Transfers.</p> <p>A receiver for street railroad companies will not be required to continue an existing system of transfers in force between such companies and an independent company, not required by law nor contract, and which is unprofitable to the receivership; nor is' it a sufficient ground for refusing permission to discontinue such transfers that the franchise of the outside company may be thereby forfeited, where, after due notice to theta, none of the pariies interested in such franchise objects.</p> <p>[Ed. Note. — For other cases, see Carriers, Dee. Dig. § 32.*]</p> <p>2. Carriers (§ 32*) — Acquisition of Franchise in Streets — Consent of Property Owners — -Conditions.</p> <p>The consent of the owners of property abutting on a street to the extension of the line of a street railroad company thereon does not bind the company to continue a system of transfers with another company then existing, where no such condition is expressed therein.</p> <p>[Ed. Note.- -For other cases, see Carriers, Dec. Dig. § 12.*]</p> <p>S. Street Railroads (§ 58*) — Receivers—Administration of Property.</p> <p>A receiver for the property of street railroad companies will not be required to continue an arrangement by which such companies furnished power and the use of their tracks to an independent company without compensation.</p> <p>[Ed. Note.-For other eases, see Street Railroads, Dec. Dig. § 58.*]</p>