Forestry Act, 1988

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Number 26 of 1988

FORESTRY ACT, 1988

ARRANGEMENT OF SECTIONS

PART I

Preliminary and General

Section
1.	Short title, collective citation and construction.
2.	Interpretation.
3.	Laying of orders before Houses of Oireachtas.
4.	Expenses.
5.	Repeals.
6.	Amendment of provisions of Forestry Act, 1946.
7.	Penalties.
8.	Proceedings.

PART II

Establishment and Administration

9.	Formation of company.
10.	Name and capital formation of company.
11.	Form of memorandum of association.
12.	Objects of the company.
13.	General duty of the company.
14.	Acquisition and sale of land and sale of timber.
15.	Articles of association.
16.	Restriction on alteration of memorandum or articles of association.
17.	Issue of shares to Minister for Finance in consideration of transfer of property.
18.	Issue of share to Minister.
19.	Issue of shares to subscribers to memorandum of association of company.
20.	Exercise of powers by Minister for Finance in respect of shares.
21.	Transfer or sale by Minister for Finance of shares.
22.	Obligation of certain shareholders to hold shares in trust.
23.	Payment of dividends, etc. into Exchequer.
24.	Power to borrow.
25.	Guaranteeing by Minister for Finance of borrowings.
26.	Financing of capital works.
27.	Provision of working capital for company.
28.	Provision of money for payments out of Central Fund.
29.	Grants for current expenditure.
30.	Accounts and audits.
31.	Annual report and furnishing of information to Minister.
32.	Disclosure by directors of certain interests.
33.	Prohibition on unauthorised disclosure of information.
34.	Membership of either House of Oireachtas or European Parliament.
35.	Chief Executive.
36.	Staff of company.
37.	Bye-laws.
38.	General Ministerial powers.

PART III

Transitional Provisions

FIRST SCHEDULE

Repeal of Enactments

SECOND SCHEDULE

Amendment of Provisions of Forestry Act, 1946

Acts Referred to
Companies Act, 1963	1963, No. 33
Companies Acts, 1963 to 1986
European Assembly Elections Act, 1977	1977, No. 30
European Assembly Elections Act, 1984	1984, No. 6
Finance Act, 1895	58 & 59 Vict. c. 16
Foreshore Act, 1933	1933, No. 12
Forestry Act, 1946	1946, No. 13
Forestry Acts, 1946 to 1976
Holidays (Employees) Act, 1973	1973, No. 25
Local Government (Planning and Development) Acts, 1963 to 1983
Minimum Notice and Terms of Employment Acts, 1973 and 1984
Petty Sessions (Ireland) Act, 1851	14 & 15 Vict. c. 93
Redundancy Payments Acts, 1967 to 1984
State Property Act, 1954	1954, No. 25
Superannuation Acts, 1834 to 1963
Superannuation and Pensions Act, 1976	1976, No. 22
Unfair Dismissals Act, 1977	1977, No. 10
Wildlife Act, 1976	1976, No. 39

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Number 26 of 1988

FORESTRY ACT, 1988

AN ACT TO MAKE PROVISION FOR THE DEVELOPMENT OF FORESTRY AND TO PROVIDE FOR THE ESTABLISHMENT OF A COMPANY FOR THAT PURPOSE AND FOR THE ASSIGNMENT TO THE COMPANY OF FUNCTIONS HERETOFORE EXERCISED BY THE MINISTER FOR ENERGY; AND TO PROVIDE FOR RELATED MATTERS. [13th July, 1988]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

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