Railway Companies Act 1867

1. Introductory Text

2. Preliminary

   1. 1. Short Title.

   2. 2. Extent of Act.

   3. 3. Interpretation of Terms.

3. Protection of Boiling Stock and Plant

   1. 4. Protection on Execution against Personal Property of Company.

   2. 5. Determination of Questions respecting Executions.

4. Arrangements

   1. 6. Preparation and filing of Scheme of Arrangement.

   2. 7. Stay of Actions.

   3. 8. Notice in Gazette.

   4. 9. Stay of Executions, &c.

   5. 10. Assent by Mortgagees, &c.

   6. 11. Assent by Holders of Rentcharge, &c.

   7. 12. Assent by Preference Shareholders.

   8. 13. Assent by Ordinary Shareholders.

   9. 14. Assent by Leasing Company.

   10. 15. Assent of Creditors, &c. not affected, unnecessary.

   11. 16. Application for Confirmation of Scheme.

   12. 17. Confirmation of Scheme.

   13. 18. Enrolment and Effect of Scheme.

   14. 19. Notice of Confirmation of Scheme.

   15. 20. Company to keep printed Copies of Scheme for Sale.

   16. 21. Provision for Cases where Railways or Part in Scotland.

   17. 22. General Orders for Eegulation of Practice in Court of Chancery.

5. Loan Capital

   1. 23. Priority of Mortgages.

   2. 24. Power to issue Debenture Stock, subject to Part in of 26 & 27 Vict. c.118.

   3. 25. Restriction on Rate of Interest on Debenture Stock already authorized.

   4. 26. Advances to meet Debentures falling due.

6. Share Capital

   1. 27. Power to issue Shares or Stock at Discount.

   2. 28. Power to issue Residue of original or other Capital at Discount.

   3. 29. Restriction on issuing at Discount of Shares or Stock already authorized.

   4. 30. Audit of Railway Accounts.

7. Abandonment

   1. 31. Provisions of 13 & 14 Vict. c.83 as to Abandonment of Railways to apply to all Companies authorized to make Railways before this Session.

   2. 32. Abandonment where Three Fifths of Capital not subscribed.

   3. 33. Compensation for Damage to Land by Entry, &c.

   4. 34. Cancellation of Bonds for Completion of Railways, and Release of Deposit.

   5. 35. Protection for Board of Trade in case of Error.

8. Purchase of Lands

   1. 36. Amendment (as to Railway Companies) of Section 85 of 8 & 9 Vict. c.18.

   2. 37. Costs of Arbitrations as to Lands.