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If desired by promoters, company to be constituted by the Order.
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15. Where the promoters desire that a joint stock company shall be constituted for the execution of the undertaking, the Order authorizing the making of the tramway shall contain proper provisions, with apt terms, for uniting into a company for that purpose such persons as shall be named or referred to therein, being subscribers to the undertaking, and for incorporating them into a company, by an appropriate name, with perpetual succession and a common seal, and with power to purchase and hold land for the purpose of the undertaking, subject and according to the restrictions of this Act and of the Order.
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