Railways (Directorate) Act, 1924

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Number 61 of 1924.

RAILWAYS (DIRECTORATE) ACT, 1924.

ARRANGEMENT OF SECTIONS

Number 61 of 1924.

RAILWAYS (DIRECTORATE) ACT, 1924.

AN ACT TO CONFER THE RIGHT TO NOMINATE A DIRECTOR OF THE AMALGAMATED COMPANY TO BE CONSTITUTED UNDER THE RAILWAYS ACT, 1924 , ON THE LONDON MIDLAND AND SCOTTISH RAILWAY COMPANY. [27th December, 1924.]

WHEREAS the London Midland and Scottish Railway Company under and by virtue of the Agreement made the 25th day of February, 1904, between the London and North Western Railway Company of the one part and the Dublin Wicklow and Wexford Railway Company of the other part scheduled to and confirmed by the London and North Western Railway Act, 1905, is entitled to nominate a person to be a Director of the Dublin and South Eastern Railway Company one of the amalgamating Companies mentioned in the First Schedule to the Railways Act, 1924 :

AND WHEREAS the London Midland and Scottish Railway Company has allowed or granted to the Dublin and South Eastern Railway Company certain concessions, allowances, and advantages, including special proportions in division of receipts from through passenger and perishable or other traffic passing to, from or over the railways belonging to, leased, or worked by the Dublin and South Eastern Railway Company, or any part thereof: And whereas it is desirable that the said concessions, allowances, and advantages should be continued after the Amalgamated Company to be constituted under the Railways Act, 1924 , has been formed: And whereas an Agreement for that purpose has been made between the London Midland and Scottish Railway Company and the Great Southern Railway Company in consideration of the right to nominate one Director of the Amalgamated Company being conferred on the London Midland and Scottish Railway Company: And whereas the rights, powers, duties, and liabilities of the Great Southern Railway Company under the said Agreement will vest in the Amalgamated Company under the provisions of the Railways Act, 1924 :

AND WHEREAS the right to nominate a Director of the Amalgamated Company cannot be conferred on the London Midland and Scottish Railway Company without the authority of the Oireachtas:

BE IT THEREFORE ENACTED BY THE OIREACHTAS OF SAORSTÁT EIREANN AS FOLLOWS:—

Nomination of Director of Amalgamated Company by London Midland and Scottish Railway Company.

1.—So long as the continuance of the concessions, allowances, and advantages, including special proportions in division of receipts from through passenger and perishable or other traffic passing to, from, or over the railways belonging to, leased, or worked by the Dublin and South Eastern Railway Company or any part thereof, hitherto allowed or granted to the Dublin and South Eastern Railway Company by the London Midland and Scottish Railway Company is provided for by agreement binding on the Amalgamated Company and the London Midland and Scottish Railway Company, the London Midland and Scottish Railway Company shall, notwithstanding anything contained in the Railways Act, 1924 , or in any amalgamation scheme thereunder, be entitled to nominate a director of the amalgamated company who shall be in addition to and not in substitution for the directors or any of them to be appointed under the provisions of the Railways Act, 1924 .

Time for nomination.

2.—The nomination of a director by the London Midland and Scottish Railway Company under section 1 of this Act may be made at any time after the formation of the Amalgamated Company and the director so nominated shall exercise the same rights and authority as any other director of the Amalgamated Company.

Withdrawal of nomination.

3.—The London Midland and Scottish Railway Company may at any time and from time to time withdraw its nomination of any person to be a director of the Amalgamated Company and may nominate some other person in his stead.

Short title and construction.

4.—This Act may be cited as the Railways (Directorate) Act, 1924, and shall be construed as one with the Railways Act, 1924 .