37 Power for local authorities to acquire or dispose of public service vehicle undertakings.E+W+S
(1)Without prejudice to any powers apart from this section, any local authority within the meaning of Part V of the Road Traffic Act 1930 who, under powers conferred by section 101(1) of that Act or by any local Act or order, are running public service vehicles may,. . . F1
(a)acquire by agreement the whole or any part of a public service vehicle undertaking carried on by any other person; or
(b)dispose of the whole or any part of the authority’s public service vehicle undertaking to any other person, whether by purchase or sale, by lease, or by exchange or, in Scotland, excambion.
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
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