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Contracts or agreements to continue binding.
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7.—Notwithstanding anything in this Act contained all contracts or agreements made between any local authority and the Dublin United Company or the Dublin Southern Company and referred to in section 8 of the Dublin United Tramways Act of 1905, and thereby made binding upon the Company shall be as binding and of as full force and effect in every respect against or in favour of the Company and may be enforced as fully and effectually as if this Act had not been passed all which contracts are hereby declared to be valid and binding upon the parties unless and until provision to the contrary is made by the Oireachtas. Notwithstanding any discontinuance or abandonment in whole or in part by the Company of any of the existing tramway lines or equipment the Company shall continue to pay to the local authorities not less annually by way of wayleaves than the respective amounts now being paid by the Company unless and until provision to the contrary is made by the Oireachtas.
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