1446
Power to sell.
**
No. 10 of 1902.
TRAMWAY.
and, subject to this Ordinance, the company shall have the exclusive use of the tramway for cars with flange-wheels or other wheels suitable only to run on the said rails, and no car used on the tramway shall exceed 6 feet 6 inches in width.
Power to Sell.
29. Subject to the approval of the Governor-in-Council, the company may sell or assign the whole of their undertaking 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 shall think fit, with power at any such sale to fix a reserve price for, or buy in the same; and when any such sale, or assignment has been made and completed all the rights, powers, authorities, obligations and liabilities of the company in respect to the undertaking shall be transferred to, vested in and may be exercised by and shall attach to the person to whom the same have been sold or assigned, in like manner as if the undertaking had been constructed by such person under the powers conferred upon him by this Ordinance, and in reference to the same he shall be deemed to be the company and to be subject in all respects to the provisions of this Ordinance and to any order or rules made hereunder. Provided that the company may at any time sell or assign any land, machinery, property, chattel or effect which is not required for the efficient maintenance and working of its undertaking.
Power to lease.
+
Power to Lease.
40. Subject to the approval of the Governor-in-Council, the company may demise or let the whole of their undertaking to such person, for such term of years or from year to year or for any less period, and for such rent and upon such terms and conditions in all respects as the company shall 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; and when any such demise or letting has been made the lessee shall be subject in all respects to the provisions of this Ordinance and to any order or rules made hereunder. Provided that the company may at any
* As amended by No. 1 of 1912, No. 2 of 1912, No. 22 of 1912 and No. 43 of 1912 Supp. Sched.
As amended by No. 50 of 1911, No. 1 of 1912 and No. 43 of 1912. Supp. Sched.
1446
Power to sell.
**
No. 10 of 1902.
TRAMWAY.
and, subject to this Ordinance, the company shall have the exclusive use of the tramway for cars with flange-wheels or other wheels suit able only to run on the said rails, and no car used on the tramway shall exceed 6 feet 6 inches in width.
Power to Sell.
29. Subject to the approval of the Governor-in-Council, the com pany may sell or assign the whole of their undertaking 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 shall think fit, with power at any such sale to fix a reserve price for, or buy in the same; and when any such sale,.or assignment has been made and completed all the rights, powers, authorities, obligations and liabilities of the company in respect to the undertaking shall be transferred to, vested in and may be exercised by and shall attach to the person to whom the same have been sold or assigned, in like manner as if the undertaking had been constructed by such person under the powers conferred upon him by this Ordinance, and in reference to the same he shall be deemed to be the company and to be subject in all respects to the provisions of this Ordinance and to any order or rules made hereunder. Provided that the company may at any time sell or assign any land, machinery, property, chattel or effect which is not required for the efficient maintenance and work- ing of its undertaking.
Power to lease.
+
Power to Lease.
40. Subject to the approval of the Governor-in-Council, the company may demise or let the whole of their undertaking to such person, for such term of years or from year to year or for any less period, and for such rent and upon such terms and conditions in all respects as the company shall 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; and when any such demise or letting has been made the lessee shall be subject in all respects to the provisions of this Ordinance and to any order or rules made hereunder. Provided that the company may at any
* As amended by No. 1 of 1912, No. 2 of 1912, No. 22 of 1912 and
No. 43 of 1912 Supp. Sched.
As amended by No. 50 of 1911, No. 1 of 1912 and No. 43 of 1912.
Supp. Sched.
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