1696 ORDINANCE No. 6 OF 1883 .
Tramways .
dispose of the materials of the tramway, or part of the tramway removed ,
either by public auction or private sale, and for such sum or sums and to
such person or persons as he may think fit, and may out of the proceeds
of such sale reimburse himself the amount of the cost certified as aforesaid,
and of the cost of sale, and the balance, if any, of the proceeds of sale
shall be paid to the company.
Insolvency of company.
Proceedings 34. Ifany time after the opening of any tramway for traffic, it appears
in case of
insolvency of to the Governor in Council that the company are insolvent, so that they
company.
are unable to maintain such tramway, or work the same with advantage
to the public, the Governor in Council may enquire into the financial
affairs of the company, and if the Governor in Council shall be of opinion
that the company are so insolvent aforesaid , he may by order declare that
the powers of the company shall, at the expiration of six months from
the making of the order, be at an end , and the powers of the company
shall cease and determine at the expiration of the said period unless the
same are purchased , by the Government in manner by this Ordinance
provided, and thereupon the Surveyor General may remove the tramway
in like manner , and subject to the same provisions as to the payment of
the costs of such removal , and to the same remedy for recovery of such
costs in every respect as in cases of removal under the next preceding
section.
Purchase of tramways .
Purchase by 35. The Governor in Council may, within six months after the
Government
of tramways. expiration of a period of twenty -one years from the time when the company
were empowered to construct the said tramways, and within six months
after the expiration of every subsequent period of seven years, or within
three months after any order made by the Governor in Council under
either of the two next preceding sections, by notice in writing require the
company to sell, and thereupon the company shall sell to the Government
their undertaking, upon terms of paying the then value ( exclusive of any
allowance for past or future profits of the undertaking, or any compensa
tion for compulsory sale or other consideration whatsoever ) of the
tramways, and all lands, buildings, works, materials and plant of the
company suitable to and used by them for the purposes of their under
taking, such value to be , in case of difference , determined upon petition