Page:United States Statutes at Large Volume 41 Part 1.djvu/485

 464 SIXTY-SIXTH CONGRESS. Sess. II. Ch. 91. 1920. ’¤*·*m’°*"*”°¤ “"· (g) A carrier ma issue evidences of indebtedness pursuant to this migiiliitgy lll-°iigs.“y section without theyauthorization or approval of any authoritg, State §1£*`e¢;lera.l, and vgtihout compliance with any requirement, tate or er, as to no cation. mtiuxxius rates ¤>¤- Emsrmq mms T0 CONTINUE IN EFFECT- Au '°*°$» °*°”m°°· Sec. 208. (a) All rates, fares, and char, and all classifications, ié°Et•;§t:i¤i;xli"f § regulations, and practices, in any Wise chghsging, affecting, 01* deter- ,,,§'&,,“,, ;,,,,,,,,_‘ mining, any part or the aggregate_of rates, ares, or charges, or the value of the service rendered, which on February 29 1920, are in eEect on the lines of carriers subject to the Interstate Commerce Act, shall continue in force and effect until thereafter changhed by State or Federal authority, respectively, or pursuant-to au ority of law; t°NS<; wggq gpg but prior to September 1, 1920, no such rate, fare, or charge shall be mile; approveli ti reduced and no such classification, regulation, or practice shall he °°"""’“‘°"· changed in such manner as to reduce any such rate, fare, or charge, _ unless such reduction or change is approved by the Commission. e,;'°g§_¥§,,}§,*‘gf '“‘°S· (b) All divisions of jomt rates, fares, or charges, which on February ’ 29, 1920, are in effect between the lines of carriers subject to the Interstate Commerce Act, shall continue in force and effect until thereafter changed by mutual agreement between the interested carriers or by State or Federal authorities, respectively. _ ,,_}§S”°  '°*“* (c) Any land grant railroad organized under the Act of July 28, gal. t4,p. V L 1866 (chapter 300), shall receive the same compensation for transu,{,’_m§p‘ 2* ° ortation of property and troops of the United States as is aid to lland grant railroads organized under the Land Grant Act of lliltrch 3, 1863, and the Act of July 27, 1866 (chapter 278). °¤¤¤¤*Y*°°°¤i°¤· euanaurr TO camamns Arma mxumamon or FEDERAL CONTROL. Sec. 209. (a) When used in this section— }§ 9}*¤¤=- The term "carr1er" means (1) a ca.rrier by railroad or partly by ` railroad and partly by water whose railroad or s stem of transportation is_ under Federal control at the time Federal, control terminates or which has heretofore en aged as a common carrier in general transportation and competemf for traiiic, or connected, with a railroad pggjvms cer ¤¤¤=- at any time under Federal control; and (2) a sleeping car company whose system of transportation is under Federal control at the time R¤¤*¤Y= ¤*¤*¤¤°<*· Federal control terminates; but does not include a street or interurban electric railway not under Federal control at the time Federal control terminates, which  as 1tS prmcipal source of operatin revenue urban, suburban, or mterurban passenger traffic or sale ol .,, ,_ power, heat, and light, or both; G““’°°‘y P°"°d· 1 (term " guaranty per1od" means the six months beginning March ., » ·, "T°“P°“°‘L lggie tegm "test penod" means the three years ending Jnme 30, . 9 an mQ,§jglE$°Y °P°’°““€ The term "railwag operating income" and other references to mggpttcativn f¤s1e¢·1>— accounts of carriers y railroad shall, in the case of a sleeping car ` company, be_ construed as indicating the a propriate corresponding accounts in the accouutinv system prescriged by the Commission. b Vvfrit{;ns1a¤¤l${>:§‘p¤e (b) This section shall not be ap licable to any carrier which does Y “"" °‘* ’ not on or before March 15, 1920, lilo with the Commission a written Amcuaetrgumsey. statement that it accepts all the provisions of this section. ccxpmgsrnm vnder (c) The United States hereby_guarantees— ' (1) With respect to any carrier with which a contract (exclusive of so-called cooperative contracts or waivers) has been made fixing the amount of just compensation under the Federal Control Act, I f that the railway operating income of such carrier for the guaranty gg; -ggm2)g*I*;g-gogf perrod ss a who e s all not be less than one—half the amount named in such contract as annual compensation, or, where the contract fixed a