§ 71. Powers. Any such corporation shall have power to take by grant
or by assignment a franchise or right to establish and operate a ferry
or ferries, as specified in the certificate of incorporation, subject to
the rights of any person, or municipal or other corporation.

In any case when an application is made to the local governing body of
a county without the city of New York for a grant such local governing
body is authorized to make such grant if a public necessity therefor is
shown. Whenever it is shown to such local governing body upon an
application for a grant that the tangible property of a ferry
corporation, employed or to be employed in the exercise of a ferry
franchise or right, is of the value of at least ten thousand dollars,
such local governing body may grant such franchise or right for a period
not exceeding fifteen years.

A ferry corporation, now enjoying a grant from a county court or such
local governing body for a shorter period, shall be entitled to an
extension thereof for a period not exceeding fifteen years from the time
of granting such extension, on application and due proof to the local
governing body of a county that its tangible property, employed in the
exercise of such ferry franchise or right, is of the value of at least
ten thousand dollars.