Railways Act, 1924
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Baronial railways vested in county councils. |
64.—Where the undertaking of any included baronial railway and the property of any company connected with it have become the property of a grand jury or county council under provisions contained in an Order in Council pursuant to sub-section (2) of section 10 of the Tramways and Public Companies (Ireland) Act, 1883 , then for the purpose of the application of Part I . of this Act to that included baronial railway— | |
(a) the shareholders for the time being of the company to which the said undertaking and property belonged immediately before the same became the property of the grand jury or county council, shall be deemed to be the proprietors of the said railway, and | ||
(b) the consent of the county council shall not be necessary to any scheme for the absorption of the undertaking of the said railway by the amalgamated company. |