Welsh Highland Railway (Transfer) Light Railway Order 1995
| Jurisdiction | UK Non-devolved |
| Citation | SI 1995/861 |
| Year | 1995 |
1995 No. 861
TRANSPORT
The Welsh Highland Railway (Transfer) Light Railway Order 1995
Made 14th March 1995
Coming into force 15th March 1995
The Secretary of State for Transport, on the application of Ffestiniog Railway Holdings Limited and the Festiniog Railway Trust, and in exercise of the powers conferred by sections 7, 9 to 12 and 24 of the Light Railways Act 18961and now vested in him2and of all other powers enabling him in that behalf, hereby makes the following Order:—
Citation and commencement
1. This Order may be cited as the Welsh Highland Railway (Transfer) Light Railway Order 1995 and shall come into force on 15th March 1995.
Interpretation
2. In this Order unless the context otherwise requires the following expressions have the meanings hereby respectively assigned to them (that is to say):—
“the Company” means The Festiniog Railway Company;
“the deposited plan” means the plan deposited in respect of the application for this Order with the Secretary of State for Transport, 2 Marsham Street, London SW1P 3EB and at the registered office of the Holdings Company;
“the Holdings Company” means Ffestiniog Railway Holdings Limited and whose registered office is at Harbour Station, Porthmadog, Gwynedd, LL49 9NF;
“the Liquidator” means the Liquidator of Welsh Highland Railway (Light Railway) Company (In Liquidation);
“the principal Order” means the Welsh Highland Railway (Light Railway) Orders 1922 and 19233;
“the railway” means the railway authorised by the principal Order to be acquired by the Welsh Highland Railway (Light Railway) Company and described in the Schedule to this Order;
“the Trust” means The Festiniog Railway Trust, registered charity no. 239904;
“the undertaking” means the railway and other property, rights and liabilities of the subsisting undertaking of the Welsh Highland Railway (Light Railway) Company.
Transfer of railway to the Company
3.—(1) The Liquidator, The Trust, the Holdings Company and the Company may enter into and carry into effect agreements providing for the transfer to and vesting in the Company of the undertaking on such terms and conditions as may be agreed between the Liquidator, The Trust, the Holdings Company and the Company.
(2) As from the date upon which such transfer takes effect the Company shall to the exclusion of the Welsh Highland Railway (Light Railway) Company and the...
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