MASS TRANSIT RAILWAY CORPORATION
(AMENDMENT)
L.S.
HONG KONG
No. 40 OF 1977
I assent.
Ord. No. 40/77
A163
MURRAY MAcLehose,
Governor.
16th June, 1977.
An Ordinance to amend the Mass Transit Railway Corporation Ordinance.
[17th June, 1977]
Enacted by the Governor of Hong Kong, with the advice and consent
of the Legislative Council thereof.
1. This Ordinance may be cited as the Mass Transit Railway Short title. Corporation (Amendment) Ordinance 1977.
2.
Section 12 of the principal Ordinance is amended by adding Amendment of after subsection (1) the following new subsection—
1977.
"(IA) For the avoidance of doubt it is hereby declared that no guarantee granted under subsection (1), whether granted before or after the enactment of the Mass Transit Railway Corporation (Amendment) Ordinance 1977, which includes interest, amounts payable in consequence of the operation of any price variation clause, premium or other charges, shall be invalid by reason only that such interest, amounts, premium or charges, although specified in the resolution authorizing the granting of the guarantee, are not quantified as to total amount or included in the amount quantified in such resolution.".
Passed by the Hong Kong Legislative Council this 15th day of June,
section 12. (Cap. 270.)
L. TSE,
Clerk to the Legislative Council.
This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.
L. TSE,
Clerk to the Legislative Council.
No comments yet.
Private notes are available after approval.