Clause

MASS TRANSIT RAILWAY CORPORATION BILL.

MASS TRANSIT RAILWAY CORPORATION

C117

BILL 1975

ARRANGEMENT OF CLAUSES

Page

PART I

PRELIMINARY

1.

Short title and commencement

2.

Interpretation

C119

C119

PART II

INCORPORATION AND POWERS

3.

Corporation established

...

:

4.

Board of the Corporation

5.

Proceedings of the Board

6.

General powers of Corporation

7.

8.

Staff benefits

9.

Appointment of staff and advisers.

Documents of Corporation

PART III

FINANCIAL

10.

Capital of Corporation

11.

12.

13.

Power to borrow and to issue stock, etc.

Guarantee by Government ...

Corporation to act on commercial principles

14.

Reserve funds ...

...

...

...

15.

Investment

...

...

16.

17.

Accounts, audit and annual report

Initial debt to Government

...

• PART IV

GENERAL

Corporation not servant or agent of Crown

Governor may give directions.

18.

19.

Governor may obtain information

20.

21.

22.

23.

Certain laws not to apply

Avoidance of doubt

...

Corporation may prosecute in its name

PART V

REGULATIONS AND BY-LAWS

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...

...

:

...

C119

C120

C120

...

C121

C121

C122

C122

C122

C123

C123

C124

C124

...

C124

C124

C124

C125

C125

...

C125

C125

C125

C126

C126

24.

Regulations

C126

25.

By-laws

26.

27.

Further powers in relation to regulations and by-laws Seizure and forfeiture of hawker's equipment and commodities

C126

C127

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