974
No. 10 of 1902.
TRAMWAY.
Wheels and width of cars.
Power to sell.
Power to lease.
*
Wheels and width of cars.
1
38. The company may use on the tramway cars with flange-wheels or wheels suitable only to run on the rails of the 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 six feet and six inches in width.
Power to sell.
39. Subject to the approval of the Governor in Council, the company may sell or assign the whole of its 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 thinks 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 of 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.
40. Subject to the approval of the Governor in Council, the company may demise or let the whole of its 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 thinks 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
* As amended by Law Rev. Ord., 1939.
974
No. 10 of 1902.
TRAMWAY.
Wheels and width of cars.
Power to sell.
Power to
lease.
*
Wheels and width of cars.
1
38. The company may use on the tramway cars with flange- wheels or wheels suitable only to run on the rails of the 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 six feet and six inches in width.
Power to sell.
39. Subject to the approval of the Governor in Council, the company may sell or assign the whole of its 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 thinks 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 of 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.
40. Subject to the approval of the Governor in Council, the company may demise or let the whole of its 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 thinks 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 Ordin- ance and to any order or rules made hereunder: Provided that
* As amended by Law Rev. Ord., 1939.
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