264
Penalties in rules or by-laws.
*
Power to sell
No. 2 of 1883.
PEAK TRAMWAY.
(a) for preventing the commission of any nuisance in or upon any carriage, or in or against any premises belonging to the company; and
(b) for regulating the travelling, in or upon any carriage belonging to the company.
(3) Rules made by the Governor in Council, and by-laws made by the company, shall come into operation one month after their publication in the Gazette.
17. Any such rule or by-law may impose fines for offences against the same, not exceeding ten dollars for each offence, with or without fines for continuing offences, not exceeding for any continuing offence five dollars for every day during which the offence continues.
18.--(1) Subject to the approval of the Governor in Council, the company may sell or assign its undertaking, or any part thereof, to such person, by public auction or private contract, or partly by public auction and partly by private contract, and with, under, and subject to such terms and conditions, in all respects, as the company may think fit, with power at any such sale to fix a reserve price for or buy in the same.
Power to let
(2) When any such sale, or assignment has been made, all the rights, powers, authorities, obligations, and liabilities of the company in respect to the undertaking, or part thereof, sold or assigned, shall be transferred to, vested in, and may be exercised by, and shall attach to, the person to whom the same has been sold or assigned, in like manner as if the undertaking, or part thereof, sold or assigned, was constructed by such person under the powers conferred by this Ordinance, and in reference to the same he shall be deemed to be the company.
19. Subject to the approval of the Governor in Council, the company may demise its undertaking, or any part thereof, to such person and for such term, and on such conditions, in all respects as the company may think fit, to take effect either in possession or at some future date, and either with or without a premium as a consideration for such demise.
*As amended by Law Am. Ord., 1923,