Chwilio Deddfwriaeth

Regulation of Railways Act 1873

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5Any person appointed a Commissioner under this Act shall within three calendar months after his appointment absolutely sell and dispose of any stock, share, debenture stock, debenture bond, or other security of any railway or canal company in the United Kingdom which he shall at the time of his appointment own or be interested in for his own benefit; and it shall not be lawful for any person appointed a Commissioner under this Act, so long as he shall hold office as such Commissioner, to purchase, take, or become interested in for his own benefit any such stock, share, debenture stock, debenture bond, or other security; and if any such stock, share, debenture stock, debenture bond, or other security, or any interest therein, shall come to or vest in such Commissioner- by will or succession, for his own benefit, he shall within three calendar months after the same shah so come to or vest in him absolutely sell and dispose of the same or his interest therein. It shall not be lawful for the Commissioners, except by consent of the parties to the proceedings, to exercise any jurisdiction by this Act conferred upon them in any case in which they shall be, directly or indirectly, interested in the matter in question. The Commissioners shall devote the whole of their time to the performance of their duties under this Apt, and shall not accept or hold any office or employment inconsistent with this provision.

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