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The Bitton Light Railway Order 1991
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- UK Statutory Instruments
- 1991 No. 134
- Article 6
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Leasing and sale of railway to Company
6.—(1) The Council may lease to the Company the railway or any part thereof together with the rights, powers, privileges and obligations vested in the Council by article 4 (Transfer of rights, etc. from Board) of this Order on such terms and conditions as may be agreed between the Council and the Company. The Council and the Company may also enter into and carry into effect agreements providing for the subsequent transfer to and vesting in the Company of the railway or any part thereof.
(2) During the continuance of the lease, or after the operative date of any transfer under the provisions of this article, the Company shall to the exclusion of the Council be entitled to the benefit of and to exercise all rights, powers and privileges and be subject to all obligations statutory or otherwise as are transferred to or conferred on the Council by this Order and are for the time being in force in respect of the railway or such part thereof as is comprised in the lease or is so transferred, as the case may be.
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