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The Bure Valley Railway Light Railway Order 1989
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- UK Statutory Instruments
- 1989 No. 835
- Article 7
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Leasing of railway to Company
7.—(1) The Council may subject to paragraph (3) below lease to the Company the railway or any part thereof together with the rights, interests, powers, privileges and obligations vested in the Council by article 4 (Transfer of Board’s railway to Council) on such terms and conditions as may be agreed between the Council and the Company.
(2) Subject to paragraph (3) below during the continuance and subject to the terms of any such lease 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 or under 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.
(3) Nothing in this article shall enable the Council to transfer to the Company any obligation transferred to or imposed upon the Council under this Order to maintain or repair any bridge carrying a highway over the railway or the railway over a highway.
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