Page:United States Statutes at Large Volume 86.djvu/1043

 86

STAT.]

PUBLIC LAW

9 2 - 5 1 7 - O C T. 21, 1972

ACQUISITION OF PRIVATE B U S C O M P A N I E S OPERATING W I T H I N THE W A S H I N G TO N M E T R O P O L I T A N AREA ,

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1001 \

SEC. 102. (a) Based on the findings set forth in section 2 of this Act, it is the sense of the Congress that the Washington Metropolitan Area Transit Authority (hereafter in this Act referred to as the "Transit Authority") should initiate negotiations as soon as possible with the ownership of D.C. Transit System, Incorporated (and its subsidiary, the Washington, Virginia, and Maryland Coach Company), the Alexandria, Barcroft, and Washington Transit Company, and the WMA Transit Company for acquisition by the Transit Authority of capital stock or facilities, plant, equipment, real and personal property of such bus companies of whatever nature, whether owned directly or indirectly, used or useful for mass transportation by bus of passengers within the Washington metropolitan area. I t is further the sense of the Congress that representatives of the Transit "s^.iBjg; i^s Authority should participate in any labor contract negotiations '* '•''"^ ' ' undertaken prior to acquisition by the Transit Authority of such bus companies. (b) The franchise to operate a system of mass transportation of D.C. Transit passengers for hire granted to D.C. Transit System, Incorporated, by fran''cMsi?canceithe Act of July 24, 1956 (70 Stat. 598) is hereby canceled, effective upon lation. the date immediately preceding the date on which the Transit Authority acquires the transit facilities of D.C. Transit System, Incorporated. (c)(1) The Transit Authority, and any transit company owned or controlled by the Transit Authority, may operate charter service by bus in accordance with title III of the Washington Metropolitan Area Transit Regulation Compact only between any point within the ^n^%'\^^\' transit zone and any point in the State of Maryland or Virginia, or 1431 note°. ^ a point within 250 miles of the Zero Mile Stone located on the Ellipse. (2) For the purposes of this subsection, the term "transit zone" "Transit means the area designated in section 3 of title III of the Washington Metropolitan Area Transit Regulation Compact. (d) D.C. Transit System, Incorporated, a corporation of the Dis~., trict of Columbia, may— (1) continue to exist as such a corporation and amend its charter in any manner provided under the laws of the District of Columbia; ^, (2) avail itself of the provisions of the District of Columbia ' ' ' \ Hv, Business Corporation Act in respect to a change of its name; and (3) become incorporated or reincorporated in any manner provided under the laws of the District of Columbia. Nothing in this Act shall be construed so as to cause or require the corporate dissolution of D.C. Transit System, Incorporated. '

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