National Stud Act, 1945

Permanent Page URL

/static/images/base/harp.jpg

Number 31 of 1945.

NATIONAL STUD ACT, 1945.

ARRANGEMENT OF SECTIONS

Preliminary and General.

Section
1.	Short title.
2.	Definitions generally.
3.	The National Stud Farm.
4.	The transfer date.
5.	Exemption from stamp duties.

PART II.

Vesting of the National Stud Farm In the Minister for Agriculture and Power of the said Minister to Make Leases and Grant Licences of the National Stud Farm.

6.	Vesting of the National Stud Farm in the Minister for Agriculture.
7.	Leases of the National Stud Farm.
8.	Licences of the National Stud Farm.
9.	Cesser of application of State Lands Act, 1924, to the National Stud Farm.

PART III.

Cólucht Groighe Náisiúnta na hEireann, Teoranta. (the Irish National Stud Company, Limited.)

10.	Formation and registration of the Company.
11.	Name and capital of the Company.
12.	Memorandum of Association of the Company.
13.	The Articles of Association of the Company.
14.	Alteration of Memorandum or Articles of Association.
15.	Loan to Company to pay expenses of formation.
16.	Issue of share capital of the Company.
17.	Restrictions on issue of share capital of the Company.
18.	Issue of shares to Minister for Finance in consideration of transfer of chattels.
19.	Power of Minister to acquire shares by subscription.
20.	Powers of Minister for Finance as shareholder.
21.	Advance of moneys out of Central Fund.
22.	Obligation of shareholders (other than Minister for Finance) to hold shares in trust for Minister.
23.	Payment of dividends, etc., into the Exchequer.
24.	Power of Company to borrow.
25.	Obligation to furnish balance sheets, etc.
26.	Stock Replacement Fund.
27.	Acquisition of land by the Company.
28.	Sale, etc., of lands of the Company.
29.	Provisions in relation to the winding-up of the Company.
30.	Special schemes for the improvement of thoroughbred horse breeding.

PART IV.

Transfer of Certain State Chattels to the Company.

31.	Transfer of chattels on the National Stud Farm to the Company.

Acts Referred to
Minerals Development Act, 1940	No. 31 of 1940
State Lands Act, 1924	No. 45 of 1924

/static/images/base/harp.jpg

Number 31 of 1945.

NATIONAL STUD ACT, 1945.

AN ACT TO VEST THE STATE LANDS SITUATE AT TULLY IN THE COUNTY OF KILDARE AND KNOWN AS THE NATIONAL STUD FARM IN THE MINISTER FOR AGRICULTURE, TO AUTHORISE THE SAID MINISTER TO MAKE LEASES AND GRANT LICENCES OF THE NATIONAL STUD FARM, TO MAKE PROVISION FOR THE PROMOTION BY THE SAID MINISTER OF A LIMITED COMPANY FOR THE CARRYING ON OF THE BUSINESS OF STUD FARMING AT THE NATIONAL STUD FARM, TO TRANSFER TO THE SAID COMPANY CERTAIN CHATTELS BELONGING TO THE STATE, AND TO MAKE PROVISION FOR CERTAIN OTHER MATTERS CONNECTED WITH THE MATTERS AFORESAID. [4th August, 1945.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

National Stud Act, 1945 Permanent Page URL

National Stud Act, 1945

Permanent Page URL