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The Kinneil and Manuel Light Railway Order 1988
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- UK Statutory Instruments
- 1988 No. 725
- Article 3
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Transfer of the Board’s railways to the Company
3.—(1) The Board and the Company may enter into and carry into effect agreements providing for the transfer to and the vesting in the Company of the Board’s railways or any part thereof on such terms and conditions as may be agreed between the Board and the Company.
(2) As from the transfer date the Company shall to the exclusion of the Board be entitled to the benefit of and to exercise all the rights, powers and privileges and be subject to all obligations of the Board whether statutory or otherwise relating to the Board’s railways or such part as is transferred as aforesaid (in so far as the same are still subsisting and capable of taking effect) to the intent that the Board shall be released from all such obligations.
(3) As from the transfer date the Company may work Railway No. 1 as a light railway under the Principal Act.
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