§ 81. Connection with other railroads or transit facilities. a. The\ncommission, from time to time, with the approval of the board of\nestimate and the mayor, upon application of any person owning, leasing,\nconstructing or actually operating or having the right by contract to\nthereafter operate a railroad wholly or in part within the limits of the\ncity, if in the judgment of such commission, the public interests so\ndemand, may also fix and determine the route by which any such person\nmay connect with other railroads, or the stations thereof, or with\nferries or bridges, or may extend any line which he operates or has the\nright to operate as aforesaid within such city, or upon the application\nof a corporation organized under the railroad law for any of the\npurposes specified in subdivision 1 of section forty of this chapter,\nand agreeing to equip, maintain and operate or to procure to be\nequipped, maintained and operated, any road of the city in connection\nwith any existing railroad of a railroad corporation and any extension\nthereof wholly within such city, on the basis of a division of income,\nearnings or profits as herein provided, the commission with like\napproval, if in its judgment the public interests so demand, may fix and\ndetermine the route by which such person may construct, maintain and\noperate such extension, and with like approval, may authorize such\nperson to construct, maintain and operate any such extension, and may\nwith like approval authorize any such person to lay an additional track\non, above, under or contiguous to a portion or the whole of the route of\nhis railroad within such city and to acquire terminal or other\nfacilities necessary for the accommodation of the traveling public on\nany street except the place known as Battery Park on which such railroad\nshall be located. The commission, with like approval, may also\nauthorize any such person to lay his tracks and operate his railroad to\nany terminal within such city, and to transport thereover passengers or\nfreight or both, and to run either passenger trains or freight trains or\nmixed trains thereover. The commission, with like approval, shall fix\nand determine the locations and plans of construction of the railroads\nupon such facilities, the times within which they shall be respectively\nconstructed, the compensation to be made therefor to the city by such\nperson, and such other terms, conditions and requirements as to such\ncommission and board of estimate with the approval of the mayor may\nappear just and proper. Every such determination, authorization and\nlicense shall be made upon the condition that such person, from the time\nof the commencement of the operation of any such railroad under such\ndetermination, authorization or license, shall annually pay to such city\na sum or rental which may be a part or proportion of gross or net\nreceipts, and that the amount of such sum or rental for a period of not\nmore than twenty-five years, beginning with such operation of any such\nrailroad shall be prescribed by the commission in such determination,\nauthorization and license, and that every such determination,\nauthorization and license shall provide for the readjustment of the\namount of such sum or rental at the expiration of the period for which\nit shall be so prescribed and for readjustment from time to time in the\nfuture, to the end of the period of renewal, if any, of the amount of\nsuch annual payment at intervals each of not more than twenty years.\nSuch determination, authorization or license may provide that for the\nwhole or any portion of the life of the grant in lieu of such annual\nrental the gross or net receipts derived from the operation of such\nrailroad owned, operated or to be operated by such person within the\nlimits of such city, and from the operation of such connecting or\nextending facilities may be combined, and that the city may receive as\nsuch compensation at intervals named a specified
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