(3)
The Secretary shall, upon receiving notification
under subsection (2), give notice in the Gazette of the
date of an assignment under subsection (1).
Transfer of rail operating rights.
8. The right to keep in place the railway works and
to operate a railway transport service granted by section
5(1)(b) and (c) shall, on or before the rail operating
date, be transferred by the Rail Company to the Mass
Transit Railway Corporation, in accordance with the
terms of the operating agreement, for the remainder of the
period specified in section 5(2) which is unexpired at the
time of transfer:
Provided that nothing done under this section shall
affect the obligations of the Rail Company under this
Ordinance.
Prohibition
on
assignment etc. of franchise rights.
9. (1)
Subject to sections 7, 8 and 10 neither
the Road Company nor the Rail Company shall assign, sub-
grant, underlet or otherwise dispose of its rights under
or
this Ordinance or enter into any agreement for such
disposal except with the prior consent of the Governor in
Council and in accordance with the terms of his consent: