ORDINANCE No. 6 of 1883 . 1701
Tramways.
company to whom the same has been sold, assigned, or absolutely disposed
of, in like manner as if the undertaking , or part or parts thereof sold ,
assigned, or absolutely disposed of, was or were constructed by such
person or persons, corporation , or company , under the powers conferred
upon him or them by this Ordinance, and in reference to the same he or
they shall be deemed to be the company .
Power to lease.
46. Subject to the approval of the Governor in Council being first Power to
lease.
obtained ( but not otherwise ) the company may, at any time and from
time to time, demise their undertaking, or any part or parts thereof, to
such person or persons , corporation or company, for such term or terms
of years, or from year to year, or for any less period , and for such rent or
rents , and upon such terms and conditions in all respects , as the company
shall think fit to adopt, to take effect either in possession or at some future
date, and either with or without a premium or premiums as a consideration
or considerations for such demise or demises .
Power to mortgage.
47. It shall be lawful for the company from time to time or at any Power to
mortgage.
time to borrow money on mortgage of all or any part of their undertaking,
and for that purpose to assign or demise by way of mortgage all or any
portion of their lands , messuages or tenements , erections, buildings ,
works, rolling stock, plant, machinery, chattels and effects , to any person
or persons , corporation or company, and to enter into all such covenants ,
provisos, declarations and agreements as the company shall think fit or
proper.
Rights of Government.
48. The Governor in Council may, at any time or times and at all Rights of
Government.
times , by order direct that precedence over the company and all other
persons, in the user of the tramways hereby authorized , or any or either
of them , be taken for defensive or military purposes, or for the passage
of troops and war material , on giving to the company , on each occasion
of such user, three clear days notice.
49. The Governor in Council shall direct the payment to the com Government
to pay tolls.
pany for such user as aforesaid of such tolls as shall be agreed on, or , if
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Private notes are available after approval.