Page:United States Statutes at Large Volume 69.djvu/766

 724

PUBLIC LAW 389-AUG. 14, 1955

Public Law 389 August 14, 1955 [S. 2576]

C a p i t a l Transit Coiif>any.

D. C C o d e 4 112; 7-131 note, 50 3, 504.507, 604, 611, 612; 4 4 - 2 0 1, 214 note.

Repeal of franchise. 47 Stat. 761. Authority o f Commissioners.

Contract provisions.

[69

STAT.

CHAPTER 8 7 9

AN ACT To amend the joint resolution entitled "Joint resolution to authorize the merger of street-railway corporations operating in the District of Columbia, and for other purposes", approved January 14, 1933, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That it is hereby declared that the business of mass transportation of persons for hire in the District of Columbia is clothed with a public interest and is essential to the proper functioning of the Government of the United States and the government of the District of Columbia. The continuous, uninterrupted, and proper functioning of such business in the District of Columbia is hereby declared to be essential to the welfare, health, and safety of the public, including the civilian and military personnel of the Government of the United States located in the District of Columbia and the metropolitan area of Washington. I t is declared to be necessary in the public interest to repeal the franchise of the Capital Transit Company and ^rant the Commissioners of the District of Columbia the authority hereinafter set forth. SEC, 2. The joint resolution entitled "Joint resolution to authorize the merger of street-railway corporations operating in the District of Columbia, and for other purposes", approved January 14, 1933 (47 Stat. 752), as amended, is amended by adding at the end thereof the following section: "SEC. 14. The charter and all rights of franchise of the Capital Transit Company created by this resolution are hereby repealed in accordance with the terms of section 13 hereof." SEC. 3. (a) The Commissioners of the District of Columbia may authorize (including authorization under such contractual agreements as may be necessary) such public transportation, during the year following the date of enactment of this Act, within the District of Columbia as may be necessary for the convenience of the public. Such transportation shall be furnished to the public at such rates and under such terms and regulations as may be recommended by the Public Utilities Commission, and approved by the Commissioners of the District of Columbia, for the purpose of providing a satisfactory system of public transportation within the District of Columbia during the year following the date of the enactment of this Act. (b) Any contract entered into under the authority of subsection (a) of this section with the Capital Transit Company shall provide— (1) that salaries of officers of the Capital Transit Company in effect on July 1, 1955, will be continued in effect during the term of said contract; (2) that in the event increased wages and benefits are accorded employees under such contract, appropriate increases may also be granted salaried employees other than company officers, subject to the approval of the Commissioners of the District of Columbia; and (3) that if, at the end of the period of said contract, the operating revenues derived by such company from the operation of its properties in utility service for the convenience of the public have not been sufficient to meet the cost of operation during the period of such contract, including but not limited to depreciation and all taxes, but not including any return on investment, the District of Columbia shall pay Capital Transit Company the amount of such deficiency: Provided, That such deficiency during said

�