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Re: MABSTOA now 50 Years Old

Posted by BusMgr on Fri Mar 30 03:08:14 2012, in response to MABSTOA now 50 Years Old, posted by andy on Thu Mar 29 09:44:49 2012.

Anyone want to buy a bus company?

New York Public Authorities Law 1203-a(2)

A public benefit corporation entitled Manhattan and Bronx surface transit operating authority (hereinafter referred to as the subsidiary corporation) is hereby created. The purpose of said subsidiary corporation shall be to operate, pursuant to the powers conferred hereunder and for a temporary period, the omnibus lines hereafter acquired by the city, until the said omnibus lines shall be sold or otherwise disposed of to private or public operation.

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