Section 122. Contracts between railroad companies and bus companies owned by former; approval of commissioner  


Latest version.
  • Whenever the commissioner has made an
      order authorizing any street railroad company  or  railroad  company  to
      substitute  the operation of stages, buses or motor vehicles in place of
      cars or trains upon tracks on any portion of the route of such railroad,
      and such company is the owner of all of  the  capital  stock  of  a  bus
      company,  such  street railroad company or railroad company and such bus
      company may, subject to the approval of the commissioner,  contract  for
      the  use  of  their  respective  routes, or any part thereof, upon which
      stages, buses or motor vehicles may be operated, and such  routes  shall
      thereafter be used in such manner and for such time as may be prescribed
      in such contract.