Translation of the Law of Railroads for the Island of Cuba, and Regulations for Its Execution
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Produktbeschreibung
Excerpt from Translation of the Law of Railroads for the Island of Cuba, and Regulations for Its Execution: With Additions to Date, 1895 The report shall be made by the Secretary of the Colonies, after hearing the Superior Consulting Board of Mines. Chapter II. Concession And Authorization To Construct Railroads Op General Service. Art. 9. The construction of lines of general service may be undertaken by the general government, by companies, or by individuals. Art. 10. In order that the government may undertake the construction of a line with national funds, or with the aid of the provinces or towns, it is necessary that the line be included in the plan, and besides, its immediate execution must be authorized by a special law. Art. 11. When a line of general service is to be constructed by individuals or companies, the concession must always be preceded by a law fixing the conditions under which the concession is to be granted. Art. 12. The construction of lines of general service may be aided with public funds: 1. By carrying on certain works in conjunction with the lines. 2. By delivering to the companies at stated periods a part of the capital invested. 3. By allowing the use of works constructed for public use compatible with the use of the railroads. 4. By granting exemption from customs duties upon the material of construction and operation of the railroads, complying strictly with the provisions of the laws of the Budget or any others in force. 5. By guaranteeing interest, which shall not exceed 8 percent per annum on all, or on part, of the capital invested in constructing the railroad. 6. By delivering to the companies an annual amount per kilometer in operation, repayable with half of the gross earnings. Art. 13. The provinces and towns directly interested in the construction of a line of general service, shall contribute with the State to the subsidy granted, in the proportion and manner prescribed by the law referred to in Article 11. Art. 14. The aid which is to be given the constructing companies, once determined by the Laws of Concession, the concession shall be offered at public auction, under the terms fixed, for three months, and shall be awarded to the highest bidder, with the obligation to pay to the proper party the cost of the plans of the project, which may have served as a basis for the concession; the said cost shall be fixed, before making the public sale, in the cases and in the form determined by the Regulations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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