N.Y. Railroad Law § 173-e: The acceptance of a terminable permit, or the acceptance of an amendment to any existing license, grant, franchise, permit or consent inc...

§ 173-e. The acceptance of a terminable permit, or the acceptance of

an amendment to any existing license, grant, franchise, permit or

consent incorporating therein the terms of a terminable permit, shall

constitute a consent by the street surface railroad corporation or

corporations, or other person, firm or corporation so accepting the same

to the purchase by the city, town or village of all or any part of the

street surface railroad property, plant and equipment actually used and

useful for the public and situated within the corporate limits of the

city, town or village, as provided for in this article.