5.—(1) The Society may on the line of the former railway and in the lines or situations, and within the limits of deviation, shown on the plans construct and maintain the new railway with all necessary works and conveniences connected therewith and work the same as a light railway under the Act and this Order.
(2) The new railway shall be laid within the existing formation, and to the levels shown on the deposited sections, being not more than 5 metres above the original level of the former railway.