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21 1944

TRANSPORT ACT, 1944

PART II

Córas Iompair Éireann.

Chapter I.

Preliminary and General.

Definitions for purposes of Part II.

7. —In this Part—

the expression “common stock” means common stock of the Company;

the expression “common stockholder” means a person who is the holder of common stock;

the expression “debenture stock” means redeemable debenture stock of the Company;

the expression “substituted common stock” means common stock deemed by virtue of section 14 of this Act to have been duly created and issued;

the expression “substituted debenture stock” means debenture stock deemed by virtue of section 14 of this Act to have been duly created and issued;

the expression “substituted stock” means stock which is—

(a) substituted debenture stock, or

(b) substituted common stock.

Incorporation of certain Acts.

8. —(1) The following enactments, so far as applicable and as varied by this Part, are incorporated with, and form part of, this Part, that is to say:—

(a) the Companies Clauses Consolidation Act, 1845, except sections 39, 85, 91, 93, 94, 109, 161 and 162,

(b) Part II and Part III (except sections 22, 25 and 26) of the Companies Clauses Act, 1863,

and for the purposes of such incorporation this Part shall be deemed to be a special Act.

(2) Part V of the Railways Clauses Act, 1863, is, subject to the provisions of this Part, incorporated with, and forms part of, this Part, and in the construction of the said Part V for the purposes of such incorporation—

(a) this Part shall be deemed to be a special Act,

(b) the dissolved transport company shall be deemed to be a railway company, and

(c) section 54 of the said Act shall have effect as if the words “until the expiration of twelve months after the time of amalgamation or” and the words “whichever first happens” were not contained therein.