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Railway Companies Act 1867

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This is the original version (as it was originally enacted).

  1. Introductory Text

  2. Preliminary

    1. Short Title.

      1. 1.This Act may he cited as The Railway Companies Act,...

    2. Extent of Act.

      1. 2.Except as in this Act expressly otherwise provided, this Act...

    3. Interpretation of Terms.

      1. 3.In this Act— The Term "Company" means a Railway Company;...

  3. Protection of Boiling Stock and Plant

    1. Protection on Execution against Personal Property of Company.

      1. 4.The Engines, Tenders, Carriages, Trucks, Machinery, Tools, Fittings, Materials, and...

    2. Determination of Questions respecting Executions.

      1. 5.If in any Case where Property of a Company has...

  4. Arrangements

    1. Preparation and filing of Scheme of Arrangement.

      1. 6.Where a Company are unable to meet their Engagements with...

    2. Stay of Actions.

      1. 7.After the filing of the Scheme, the Court may, on...

    3. Notice in Gazette.

      1. 8.Notice of the filing of the Scheme shall be published...

    4. Stay of Executions, &c.

      1. 9.After such Publication, of Notice no Execution, Attachment, or other...

    5. Assent by Mortgagees, &c.

      1. 10.The Scheme shall be deemed to be assented to by...

    6. Assent by Holders of Rentcharge, &c.

      1. 11.Where any Rentcharge or other Payment is charged on Receipts...

    7. Assent by Preference Shareholders.

      1. 12.The Scheme shall be deemed to be assented to by...

    8. Assent by Ordinary Shareholders.

      1. 13.The Scheme shall be deemed to be assented to by...

    9. Assent by Leasing Company.

      1. 14.Where the Company are Lessees of a Railway the Scheme...

    10. Assent of Creditors, &c. not affected, unnecessary.

      1. 15.Provided that the Assent to the Scheme of any Class...

    11. Application for Confirmation of Scheme.

      1. 16.If at any Time within Three Months after the filing...

    12. Confirmation of Scheme.

      1. 17.After hearing the Directors, and any Creditors, Shareholders, or other...

    13. Enrolment and Effect of Scheme.

      1. 18.The Scheme when confirmed shall be enrolled in the Court,...

    14. Notice of Confirmation of Scheme.

      1. 19.Notice of the Confirmation and Enrolment of the Scheme shall...

    15. Company to keep printed Copies of Scheme for Sale.

      1. 20.The Company shall at all Times keep at their principal...

    16. Provision for Cases where Railways or Part in Scotland.

      1. 21.Where a Company whose principal Office is situate in England...

    17. General Orders for Eegulation of Practice in Court of Chancery.

      1. 22.The Lord Chancellor of Great Britain, with the Advice and...

  5. Loan Capital

    1. Priority of Mortgages.

      1. 23.All Money borrowed or to be borrowed by a Company...

    2. Power to issue Debenture Stock, subject to Part in of 26 & 27 Vict. c.118.

      1. 24.Any Company may create and issue Debenture Stock, subject to...

    3. Restriction on Rate of Interest on Debenture Stock already authorized.

      1. 25.Provided that any Debenture Stock the Creation whereof has been...

    4. Advances to meet Debentures falling due.

      1. 26.Money borrowed by a Company for the Purpose of paying...

  6. Share Capital

    1. Power to issue Shares or Stock at Discount.

      1. 27.Section Twenty-one of The Companies Clauses Act, 1863, shall, with...

    2. Power to issue Residue of original or other Capital at Discount.

      1. 28.Any Shares forming Part of the Capital (whether original or...

    3. Restriction on issuing at Discount of Shares or Stock already authorized.

      1. 29.Provided that any Shares the Creation whereof has been authorized...

    4. Audit of Railway Accounts.

      1. 30.No Dividend shall he declared by a Company until the...

  7. Abandonment

    1. Provisions of 13 & 14 Vict. c.83 as to Abandonment of Railways to apply to all Companies authorized to make Railways before this Session.

      1. 31.The Abandonment of Railways Act, 1850, shall extend and apply...

    2. Abandonment where Three Fifths of Capital not subscribed.

      1. 32.Where it is shown to the Satisfaction of the Board...

    3. Compensation for Damage to Land by Entry, &c.

      1. 33.The Authority given under this Act for the Abandonment by...

    4. Cancellation of Bonds for Completion of Railways, and Release of Deposit.

      1. 34.Where a Warrant for Abandonment is granted under The Abandonment...

    5. Protection for Board of Trade in case of Error.

      1. 35.The issuing in any Case of any Warrant or Certificate...

  8. Purchase of Lands

    1. Amendment (as to Railway Companies) of Section 85 of 8 & 9 Vict. c.18.

      1. 36.Where after the passing of this Act a Company exercise...

    2. Costs of Arbitrations as to Lands.

      1. 37.Where, in England, under The Lands Clauses Consolidation Act, 1845,...

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