Mayor of New York v. Third Avenue Railroad

It was evidently the intention of the parties that the defendants should pay an annual license fee to the plaintiffs-for each car which might be run upon the. Third avenue, under the resolution passed by the common council December 18, 1852, which resolution became bind-

ing and operative on the 31st of December, 1852. The third resolution provides:

“That in consideration of the good and faithful performance of the conditions, stipulations and agreements above prescribed, and of such other necessary requirements as may hereafter be made by the common council for the regulation of the said…