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Who may be promoters.
46 & 47 Vict. c. 43.
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3. This Act shall apply only (a) where the promoters of the light railway are an Irish railway company having a railway open for traffic; or (b) where the promoters have made an agreement approved of by the Treasury for the maintenance, management; and working of the light railway by such a railway company; or (c) where the promoters in making application to the grand jury[1]
of any county under the Tramways (Ireland) Acts propose that a barony[1] or baronies[1] in the county shall guarantee the payment of dividends upon a portion of the paid-up capital of the light railway, pursuant to the provisions of the Tramways and Public Companies (Ireland) Act, 1883, which promoters are hereby authorised to do.
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[1 “County council” substituted for “grand jury,” and “county district” for “barony.” See Stat. Rules and Orders, Rev., 1904, VII. “Local Government (I.),” p. 40.] |
