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(This note is not part of the Order)
On 1st January 2006, this Order renames and constitutes the Peterhead Harbours Trustees (“the PHT”) as the Peterhead Port Authority (“the PPA”) and provides for the trade assets and liabilities of the Peterhead Bay Authority (“the PBA”) to be transferred on the previous day to the PHT (so as to become an integral part of the trade of the PHT) and for the cessation of the separate corporate identity of the PBA.
The Order contains provision for matters such as byelaws and contracts made or entered into by the PBA to continue in force and for legal proceedings and other proceedings to be carried on by or in relation to the PPA.
The Order also includes consequential revocations of legislation relating to the PHT and the PBA.
The applicants for the Order are the PHT and the PBA.
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