N.Y. Railroad Law § 185: Effect of dissolution of charter as to consents

§ 185. Effect of dissolution of charter as to consents. Whenever any

street surface railroad corporation shall have been dissolved or

annulled, or its charter repealed by an act of the legislature, the

consent of owners of property bounded on, and the consent of the local

authorities having the control of that portion of a street or highway

upon which the railroad of such corporation shall have been theretofore

constructed and operated, and the order of the appellate division

confirming the report of any commissioner that such railroad ought to be

constructed or operated, shall not, nor shall either thereof, be deemed

to be in any way impaired, revoked, terminated or otherwise affected by

such act of dissolution, annulment or repeal, but the same and each

thereof shall continue in full force, efficacy and being. The right to

the further enjoyment and to the use thereof, subsequent to such act of

dissolution, annulment or repeal, and of all the powers, privileges and

benefits therein or thereby created, shall be sold at public auction by

the local authorities within whose jurisdiction such railroad shall be,

in the same manner as is provided in section one hundred and

seventy-three of this article. When such sale shall have been so made,

the purchaser thereat shall have the right to the further enjoyment and

use of such consents and orders, and of each thereof, and of all the

powers, privileges and benefits therein or thereby created, in like

manner as if such purchaser had been originally named in such consents,

reports and orders; if such purchaser shall be otherwise authorized by

law to construct, maintain and operate a street surface railroad within

the municipality within which such railroad shall be.